Property Update (25 Jun 2014)

SINGAPORE PROPERTY HEAT MAP

HDB – Price Per Square Ft over 90 days (via http://www.dwg.com.sg)

HDB – Price Per Square Ft over 90 days (via http://www.dwg.com.sg)

HDB – Price Per Square Ft over 90 days (via http://www.dwg.com.sg)

HDB – Volume over 90 days (via http://www.dwg.com.sg)

HDB – Price Per Square Ft over 90 days (via http://www.dwg.com.sg)

Condo / Apt – Price Per Square Ft over 90 days (via http://www.dwg.com.sg)

HDB – Price Per Square Ft over 90 days (via http://www.dwg.com.sg)

Condo / Apt – Volume over 90 days (via http://www.dwg.com.sg)

 

PROPERTY NEWS

  • Everything must go: Home prices to plummet by 20% in 2015 (Singapore Business Review)
    Singapore — Brace yourselves for the big crash. Homebuyers searching for cheaper houses will only need to wait a little longer. A significant drop in home prices is on the horizon, as residential prices are predicted to dip 10-20% over 2014-2015… Read more >>
  • Taking stock of the Total Debt Servicing Ratio (Channel NewsAsia)
    Singapore — A year since the Total Debt Servicing Ratio was introduced, property watchers expect smaller units and moderated prices in the private residential market going forward. The impact of the TDSR on sales volume quickly became apparent. Analysts we spoke to say the suburban homes were the hardest hit… Read more >>
  • Property sector sustained growth in Q1 (Business Mirror)
    Philippines — The property industry continued to grow across all segments alongside the country’s flourishing economy in the first quarter of 2014. “The Philippine real-estate market is sustaining its momentum with the country’s bullish economy, young demographics and consumption-driven market,” said Rick Santos, CEO, chairman and founder of CBRE Philippines.
    Read more >>
  • Asia’s Best Resort Residences 2014 (Property Report)
    As Asian residential real estate leads the global property boom at a time when international housing markets are mimicking their pre-2008 crisis levels, residential resort properties are becoming an obvious choice for investors who are willing to diversify their assets. “The recovery in real estate values is now beginning to extend beyond the prime markets in world cities and towards retreats and resorts,” said Yolande Barnes in the latest Prime Residential Retreat report by global consultancy firm Savills… Read more >>

 

FEATURED VIDEO

FirstLook Asia – Business “Mall Space Boom in China.” China’s facing an oversupply of residential property and a market slowdown. But what about the retail property market? Patrick Fo, Steven McCord (JLL), and Tata Goeyardi (Religare Capital Markets) report.

http://www.channelnewsasia.com/tv/tvshows/firstlook

 

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Infograph – Why Invest in Orchard Tower Manila?

The Orchard Tower Manila is an affordable mixed-use condominium located in the oldest Chinatown in the world. Here’s a simple infograph that will show you why it is worth investing your confidence in this property.

Why Invest in Orchard Tower Manila?

Why Invest in Orchard Tower Manila? (Click the image for bigger size)

Click here for more >>

For more info, please contact:

Paul de Leon
Mobile: +65 8180 4136
Email: pauldeleon@dwg.com.sg
Dennis Wee Realty Pte Ltd
CEA Reg. No.: R019100D

Money Mind (7 Jun 2014)

Money Mind – Property Corner, “Queenstown” (7 Jun 2014)
Money Mind – Property Corner, Queenstown has been called the hidden gem. Demand for properties in the area is set to heat up. We find out what is driving interest in Queenstown.

Money Mind – Your Financial Figure, “Financial Belief” (7 Jun 2014)
Money Mind – Your Financial Figure, explore “why it is so difficult to get rich”? The simple truth – your attitude and beliefs could be holding you back. And, all you need to do is change the way you think.

CNA Money Mind

 

Property Great Singapore Sale: To buy or to wait? (The Online Citizen)

Property Great Singapore Sale: To buy or to wait? (theonlinecitizen.com)

Property Great Singapore Sale: To buy or to wait? (The Online Citizen)

By Property Soul

The annual GSS (Great Singapore Sale) may have started only on May 25. But for property new launches, the GSS started much earlier.

The sale is now on

With the steam of an overheated property market dying down, the buzz has now shifted to developers playing discount games to push new projects or clear old stock. With so many ‘great deals’, buyers are spoiled for choices.

1. MCL Land cut prices for Hallmark Residences in Bukit Timah and sold 39 units in February and March.

2. CapitaLand’s Sky Habitat in Bishan managed to move over 100 units after relaunched at 10 to 15 percent off its original prices set two years ago.

3. Wheelock Properties put up 95 units of The Panorama in Ang Mo Kio for balloting. With a discount of 12 percent, they claimed to sell 80 to 85 units.

4. China developer Ximeng Land relaunched the balance of 12 luxury villas on Pearl Island in Sentosa Cove, offering an 8 percent discount from a year ago.

It proves that ‘early birds’ enjoy no advantage. We don’t see developers giving rebates back to early buyers who have paid at premium prices.

Let’s face it: It’s a buyers’ market now!

I am particularly amazed by the 180 degree change of attitude at The Panorama. I visited the sales gallery three months ago. A developer’s representative was ‘patrolling’ there to ensure no photo-taking, no sales brochure before booking a unit …

Back in early January, a newspaper article mentioned that “hundreds of people visited the showflat” and “60 units out of the 120 units released were booked on the first day”. But the caveats show that only 56 units were transacted by end of April. So what happened to the units for the next 140 days after selling like hot cakes on the first day?

Anyway, the project won’t be completed until 2019. Who knows what the property market will be like five years from now?

Developers are now trying to transfer the risk of an unknown market to the buyers. Nonetheless, many buyers, especially first-time buyers and HDB upgraders, are excited by the new round of discounts and can’t wait to rush into the market.

Read more >>

FirstLook Asia – Real Deal (10 Jun 2014) 

First Look Asia – Real Deal “Home-buying 101.” When property prices are falling, is it the right time to buy? We get back to the basics of homebuying. The process begins way before you go on a property tour or visit a showroom. Find out what you need to know to get the best deals on this edition of Real Deal.

http://www.channelnewsasia.com/tv/tvshows/firstlook