Monday, November 17, 2014
Attention all agents and marketers!
The wife and I have re-jigged the sections within our Discussion Forum.
We now have 2 separate sections for Local and Foreign property listings.
As such, we will appreciate your continual assistance by posting in the correction section.
All "wrongly posted" listings will be deleted.
Thank you!
Sunday, September 28, 2014
Our new blog-site has gone "live"!
The new SG PropTalk site is
now "live" and accessible via www.sgproptalk.sg. This will be our final post on this (old)
blog-site.
While there are still a couple of bugs that need to be ironed out, the wife and I are actually pretty satisfied with how the new blog-site has turned out. Considering that this is another of our DIY-project and given our limited blog-design knowledge, we probably can pat ourselves on our backs for a job well done!
To those who had provided us with your comments/suggestions during our redesign process, we are grateful for
your inputs.
See you at our new SG
PropTalk blog-site!
Saturday, September 27, 2014
Another educational seminar brought to you by Property Club Singapore...
After running a full house for their last education seminar, Property
Club Singapore
will be holding another one entitled "Smart Landlords vs Smart Tenants".
The event will be held on November 1, 2014 (Saturday) at NTUC
Centre. Click on link below for more details about the upcoming seminar and how
to register for the event.
Friday, September 26, 2014
iProperty.com survey: Singapore property prices lower but still "out of reach"!
Prices of residential properties may have fallen over the past few months, but they are still too expensive and buyers are increasingly waiting on the sidelines for prices to drop further, a survey has showed.
Nearly a quarter, or 22%, of respondents do not plan to purchase
property at the moment, up from 10% six months ago, showed a half-yearly Asia
Property Market Sentiment Report by real estate portal iProperty.com. Some of
the reasons cited include high prices and the challenge of the down payment.
“Buyers are biding their time, with affordability and financing
as top concerns. While the number of respondents who intend to purchase within
the next 24 months remains the same at 51%, buyers may wait for new and resale
private condo prices to fall … The market is now correcting after the rapid
rise over the last few years, and demand is there at the right price point,”
said Mr Sean Tan, general manager of iProperty.com Singapore.
Several rounds of cooling measures have seen the value of both
private and public properties fall. In the second quarter of this year, private
home prices were about 3% off the peak in the third quarter of 2013, while
public resale home prices were down 5% from its peak in the second quarter of
last year, data by the Urban Redevelopment Authority and Housing and
Development Board showed.
A majority of the survey respondents, or 53%, think that both
new and resale private condominiums will see further price declines this year.
Against that backdrop, the survey saw a 15 percentage point increase in the
number of home owners who want to sell their properties, compared with six
months ago.
“The report shows that both property sellers and buyers are
nervous a year after the start of the Total Debt Servicing Ratio (TDSR). In the
second half of 2013 report, just after the TDSR was announced, 59% of owners
were confident their properties would retain its value; now only 38% think so,
a decline of 21 percentage points. Another 25% are unsure if the value will be
retained,” said Mr Tan.
The survey, which polled 2,805
respondents in Singapore ,
also found that a majority of them, or 56%, are in favour of the Government’s
decision to keep cooling measures in place despite repeated calls by industry
practitioners to tweak some of the curbs.
Source:
CNA
Click on link below to read
the full report....all 140 pages of it. For those who are only
interested in the Singapore
residential market, start reading from page 103.
Here's one GLS site to look out for!
The URA and HDB have released two 99-year leasehold sites under the H2 2014 Government Land Sales (GLS) Programme yesterday. Both sites are expected to yield about 1,000 units of private homes jointly.
The first site is slated for a mixed-use development located along Upper Serangoon Road. However, it is the second site that will probably generate more interests... at least in our opinion.
The said plot is located in Dundee Road near Commonwealth Road, which was made available for sale on the Reserve List. The 10,516sqm (113,194sqft) site, with a maximum GFA of 51,528sqm (554,653sqft) is expected to yield 645 units.
So it will be interesting to see the response from developers for this adjacent site this time around, given the less than rosy market sentiments...