Singapore - Housing 18 (Apr 19 - Dec 25)

[profittaker]

I don't think it would be big, because of lacking of infrastructure in JB. Let's assume the joint customs can operate smoothly to clear 300,000 pax daily, after commuter exit from custom, the roads and traffic around JB needs to be able to allow cars and motorbikes to move in and out quickly. If the current road systems does not improve, the benefits of RTS would be limited to those units near to RTS. It will take may be a few more years for the JB gov to improve the road system. Having a not so fantastic track record of construction project (delay in RTS for e.g.), putting my finger in the air would feel that the effect would be limited for first few years, until the road system is significantly improve. Another factor is also the RnF projects, given the poor business and design that is copy and paste from China with different climate and taste, the fire is not going to light up very strongly.

What do you think?

Will be interesting to see the effects on Singapore' s property market when RTS is completed in 2026

Johor Bahru real estate is increasingly favored by Chinese people
晨光第一线 | 新山房产日益受国人青睐
https://m.youtube.com/watch?v=eqHPUpB6l1s

[behappyalways]

MCL Land and CSC Land JV submit highest bid of $1,250 psf ppr for Clementi Avenue 1 GLS site
https://www.edgeprop.sg/property-news/c ... 50-psf-ppr


First GLS site in Toa Payoh in eight years attracts $968 mil bid from CDL, Frasers Property, and Sekisui House
https://www.edgeprop.sg/property-news/f ... isui-house

[winston]

Singapore’s Housing Rally Is Set to End, Morgan Stanley Says

Home prices forecast to fall 3% in 2024, downturn may persist

City Developments, UOL drop on Morgan Stanley’s downgrades

By Abhishek Vishnoi

Source: Bloomberg

https://www.bloomberg.com/news/articles ... anley-says

[behappyalways]

Tender closing for URA sale site at Orchard Boulevard
https://www.ura.gov.sg/Corporate/Media- ... es/pr24-04


Provisional Tender Results for Land Parcel at Plantation Close for Executive Condominium Housing Development
https://www.hdb.gov.sg/cs/infoweb/about ... evelopment

[winston]

Why a soft landing for Singapore property might be no landing at all

Given high borrowing costs, cooling measures and a surge in private home completions, it would be astonishing if Singapore did not see a slowdown

While the property sector is losing momentum, it is the kind of slowdown landlords and investors in most other markets would envy

by Nicholas Spiro

Source: SCMP

https://www.scmp.com/comment/opinion/ar ... anding-all

[behappyalways]

Marina Gardens Crescent site not awarded as sole bid ‘too low’: URA
https://www.straitstimes.com/singapore/ ... oo-low-ura

[behappyalways]

Condo landlords hit by high supply of newly completed units
https://tnp.straitstimes.com/news/singa ... eted-units

[behappyalways]

Sole consortium of giant developers bid for Jurong Lake District master developer site
https://www.theedgesingapore.com/news/p ... loper-site

[behappyalways]

Tender closing for URA sale sites at Zion Road (Parcel A) and Upper Thomson Road (Parcel B)
https://www.ura.gov.sg/Corporate/Media- ... es/pr24-12

[behappyalways]

Tender closing for URA sale site at Holland Drive
https://www.ura.gov.sg/Corporate/Media- ... es/pr24-22