Singapore - Housing 04 (Jan 10 - Mar 10)

Singapore - Housing 04 (Jan 10 - Mar 10)

Postby millionairemind » Mon Jan 04, 2010 3:36 pm

Jan 4, 2010
Q4 home prices up 7.3%
HDB resale flat prices also rose 3.8%

By Joyce Teo, Property Correspondent

PRIVATE home prices climbed an estimated 7.3 per cent in the fourth quarter of last year, following a huge 15.8 per cent jump in the third quarter.

For the whole of last year, private home prices rose by 1.7 per cent, rebounding from 2008's 4.7 per cent slump, according to flash estimates released by the Urban Redevelopment Authority on Monday

The data also showed that prices of non-landed private homes rose by 7.1 per cent in the city, 9.5 per cent in the city fringe areas and 5.8 per cent in the suburban areas.

In separate flash estimates for the fourth quarter released by the Housing Board, HDB resale flat prices rose 3.8 per cent over the third quarter which saw prices going up by 3.6 per cent. It was the highest quarterly jump for last year.

The URA flash estimates are compiled based on caveats lodged during the first 10 weeks of the quarter. It will provide an update in about four weeks.

Home sales for 2009 is expected to be near the full-year record of 14,800 units sold in 2007, although transactions have slowed since peaking in July after the government introduced measures to cap property price swings.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

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Re: Singapore - Residential Properties & HDB 3 (Aug09 - Dec09)

Postby millionairemind » Mon Jan 04, 2010 4:39 pm

Jan 4, 2010
HDB flat prices hit new high
By Jessica Cheam

PRICES of Housing Board resale flats continued its relentless climb, rising 3.8 per cent in the fourth quarter of last year to hit a fresh record.

The Resale Price Index (RPI) hit 150.7 in the fourth quarter, up from 145.2 in the third quarter, according to flash estimate released by the HDB on Monday.

This means HDB resale flat prices rose about 8 per cent for 2009.
Analysts say this is due to the nascent economic recovery and strong demand for resale flats.

HDB said on Monday it will continue to launch more build-to-order flats in 2010 'if there is sustained demand for new flats',.

It will ensure that there is an adequate supply of flats to meet prevailing housing needs, it said.

About 1,300 new flats will be launched for sale tomorrow in Choa Chu Kang and Hougang.

Full public housing data for the fourth quarter will be released on Jan 22.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

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Re: Singapore - Residential Properties & HDB 3 (Aug09 - Dec09)

Postby kennynah » Mon Jan 04, 2010 4:53 pm

We are exploring selling our tiny pigeon hole. Apply for permanent camping permit at East Coast:)
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Re: Singapore - Residential Properties & HDB 3 (Aug09 - Dec09)

Postby Aspellian » Mon Jan 04, 2010 5:02 pm

I know that new HDB flats in Hougang/Sengkang cost <$180k 5 years ago. now its more than $300k+. it is not only resale flats that are more and more expensive. New HDB housing minted by the government are pegged to "market prices" and all around its getting much more expensive.

with HDB prices going higher and higher... there will be greater struggles for people who earned only less $2.5k... (assuming combined household income). No wonder they always say the poor gets poorer... this is played out generations after generations...

but of cos, this is very good for nation-building. your entire life's worth of wealth is in a pigeon hole! who can still afford to leave??

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Re: Singapore - Residential Properties & HDB 3 (Aug09 - Dec09)

Postby winston » Mon Jan 04, 2010 5:08 pm

Aspellian wrote:but of cos, this is very good for nation-building. your entire life's worth of wealth is in a pigeon hole! who can still afford to leave??


Not true. When you sell the HDB and take out your CPF, the amount is not too small ...
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Re: Singapore - Residential Properties & HDB 3 (Aug09 - Dec09)

Postby Aspellian » Mon Jan 04, 2010 5:20 pm

winston wrote:
Aspellian wrote:but of cos, this is very good for nation-building. your entire life's worth of wealth is in a pigeon hole! who can still afford to leave??


Not true. When you sell the HDB and take out your CPF, the amount is not too small ...


But by the time most actually sell the flat and take out CPF money (>55 years old, minimum sum, retirement account, annuity schemes etc), one will be relatively old.... there are many schemes out there to make sporeans remain as sporeans.

either you have limited sum to leave, or you are too old to leave. but if one is willing to think out of the box, everyone has a choice. ;)

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Re: Singapore - Residential Properties & HDB 3 (Aug09 - Dec09)

Postby millionairemind » Mon Jan 04, 2010 5:21 pm

winston wrote:
Aspellian wrote:but of cos, this is very good for nation-building. your entire life's worth of wealth is in a pigeon hole! who can still afford to leave??


Not true. When you sell the HDB and take out your CPF, the amount is not too small ...


I would not be surprised if someone who is prudent (and a professional) will have at least 1/2million by the time they are 35 if they do what Winston suggested.

But then again, you can always use your CPF money to trade/invest and use the stock market to pay off your installments :D
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Re: Singapore - Residential Properties & HDB 3 (Aug09 - Dec09)

Postby millionairemind » Wed Jan 06, 2010 12:01 pm

Published January 6, 2010

HDB launches another 1,291 build-to-order flats
Another 1,500 units to come in February; some 12,000 could be offered this year


By EMILYN YAP
THE Housing and Development Board yesterday launched two build-to-order (BTO) projects at Choa Chu Kang and Hougang, offering 1,291 flats.

Upcoming: PropNex CEO Mohamed Ismail sees high subscription rates of at least five times for the just-released flats, with those at Buangkok Vale in Hougang possibly being more popular than Limbang Green (above) in Choa Chu Kang

The agency plans to release another 1,500 units at Punggol and Woodlands next month. And if demand stays strong, it could make about 12,000 new BTO flats available this year.

PropNex CEO Mohamed Ismail expects to see high subscription rates of at least five times for the just-released flats, with those at Hougang possibly being more popular.

Buangkok Vale at Hougang will offer 699 standard flats, comprising 128 two-room units, 113 three-roomers and 458 four-roomers.

The estate is bounded by Buangkok Green and Yio Chu Kang Road and is close to Hougang and Buangkok MRT stations. Other nearby amenities include Hougang Mall, Hougang Plaza and Hougang Sports Hall.

Selling prices range from $88,000 to $111,000 for a two-roomer, $142,000 to $182,000 for a three-roomer and $231,000 to $288,000 for a four-roomer.

According to HDB, a comparable four-room resale flat near Buangkok Vale costs $310,000 to $356,500.

Limbang Green at Choa Chu Kang will offer fewer flats, and a larger proportion of them will be three-room or smaller. There will be 592 units, comprising 276 studio apartments, 128 three-room flats and 188 four-roomers.

The estate is at Choa Chu Kang Drive, near Yew Tee MRT station and other amenities such as Yew Tee Square and Choa Chu Kang Sports Hall.

Buyers can expect to pay $64,000 to $89,000 for a studio apartment, $140,000 to $169,000 for a three-room flat and $226,000 to $278,000 for a four-roomer.

A comparable four-room resale flat near Limbang Green costs $325,000 to $365,000.

Mr Ismail says that buyers tend to seek four-roomers, and because Buangkok Vale offers more of these, it could be more popular than Limbang Green.

Home seekers have until Jan 18 to submit applications for the new BTO flats.

Demand has been strong for new flats launched recently. For instance, some types of flats at two BTO projects in Queenstown were almost 12 times subscribed when applications closed last month.

Demand has also been high for resale flats, pushing prices up.

According to flash estimates, resale flat prices rose 8.1 per cent in 2009 from a year ago.

Mr Ismail believes that the new BTO projects are unlikely to dampen resale flat prices, given the new units will not be ready for three or four years.

'Those who cannot wait will still have to turn to the resale market,' he said.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: Singapore - Residential Properties & HDB 3 (Aug09 - Dec09)

Postby mojo_ » Wed Jan 06, 2010 12:35 pm

The "London effect"... or the ponzi scheme continues...?

For Immediate Release
6 January 2010
NEWS RELEASE

Phase one of CapitaLand’s Urban Suites fully sold
Plans to launch second phase in Indonesia next week

Singapore, 6 January 2010 – CapitaLand started preview sales in Singapore for phase one of
its Urban Suites condominium just before the Christmas holidays in December 2009. Located
in the Cairnhill area in Singapore’s prime Orchard Road shopping district, Urban Suites is a
high-end development with 165 apartments
. Under phase one, a total of 60 units were released
and sold to buyers who were prepared to purchase more than one unit. All 60 units were sold
at prices ranging from S$2,400 to S$2,700 per square foot. CapitaLand plans to launch the
second phase, comprising approximately 50 units, in Jakarta, Indonesia, next week.
Ms Patricia Chia, CEO of CapitaLand Residential Singapore, said: “Urban Suites is located in
the heart of the Orchard Road district, Singapore's most chic and vibrant lifestyle and shopping
area. The location is popular among many international and local homebuyers and sophisticated
investors looking for a choice residential and lifestyle destination. We are pleased with the
strong sales of Urban Suites. Approximately two-thirds of the buyers are international
homebuyers from countries including China, Australia and Canada
. The majority of the buyers
purchased two units each. The successful launch of Urban Suites at the threshold of the new
year is a testament of homebuyers’ confidence in the fundamentals of the Singapore economy
and growth potential of our high-end property segment.”
Urban Suites sits on a 8,665-square-metre (93,274 square feet) freehold site (former Char Yong
Gardens) bounded by Cairnhill Road, Hullet Road and Saunders Road. Designed by Kerry Hill
Architects, the 165-unit development is a contemporary architectural statement comprising
two 20-storey towers and one 17-storey tower. Buyers have a choice of unit types namely
two-, three-, and four-bedroom apartments as well as duplex and triplex penthouses. These
elegant homes range from 97 square metres to 438 square metres (about 1,044 square feet
2
to 4,715 square feet). Residents will enjoy a full suite of recreational facilities within the
condominium, including a lap pool, Jacuzzi pool, gymnasium, fitness facilities and BBQ area.
Temporary Occupation Permit for the condominium is expected to be obtained in 2013.
Urban Suites is developed by CapitaLand Residential Singapore together with its joint venture
partner. CapitaLand is the lead development manager for the project, responsible for the full
spectrum of sales & marketing, product design and development, and project management.
Urban Suites is well-located within walking distance of shopping malls and a host of dining and
entertainment facilities. It enjoys great transport connectivity via the Somerset MRT station as
well as the nearby Central Expressway (CTE). The condominium is located near popular malls
such as ION Orchard, Mandarin Gallery and [email protected] Good schools in the vicinity
include Anglo-Chinese Junior School, Chatsworth International School and the Overseas Family
School. Urban Suites is also adjacent to Urban Resort Condominium, a boutique development
by CapitaLand.

Issued by: CapitaLand Limited (Co. Regn.: 198900036N)
Date: 6 January 2010
Not what but when.
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Re: Singapore - Residential Properties & HDB 4 (Jan10 - Mar10)

Postby winston » Wed Jan 13, 2010 12:32 pm

Not vested. From UOBKH:-

Remain OVERWEIGHT on property; top picks are City Developments, Ho Bee, Wing Tai and Wheelock.

The return of en bloc sales, IR openings, greater scope for foreign participation and lower susceptibility to government measures should power the high-end segment.

Our top picks are City Developments, Ho Bee, Wing Tai and Wheelock which offer 26% upside on average
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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