For Rent – 348 Tampines St 33 (HDB 4A)

You might be a family relocating from a foreign land, a group of professionals, or a Singaporean household waiting for the perfect time to get your own place… Whoever you are, you’ll never find a better place than this amazing 3-bedroom place in Tampines.

Located near the wet market, schools and other amenities, this is just the perfect place for you.

The 348 Tampines St 33. Welcome to your new home.

Book your viewing NOW!


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For more info, please contact:
Paul de Leon
Dennis Wee Realty Pte Ltd
CEA Reg. No.: R019100D
Mobile: +65 8180 4136



What 2015 Holds for Asia’s 12 Big Economies


What 2015 Holds for Asia’s 12 Big Economies (Barron’s Asia)
The A to Z – or Abe to Xi – guide of how Asia might handle plunging oil, slow growth & fear of defaults.

By Wayne Arnold (December 15, 2014)

Friday’s rout on Wall Street is likely to send a Christmas chill across Asia. Cheaper energy prices are good for companies (aside from oil companies) and good for Asia. So the fact that falling oil left a lump of coal in investors’ stockings is a worrisome reminder that much of the money that’s been driving Asian stock prices since 2006 was conjured by the sugar-plum fairy dust of money borrowed as interest rates fell.

At long last, however, the U.S. job market is stirring, raising expectations that the jolly old elf Janet Yellen will be able to raise interest rates by the middle of 2015 or perhaps even sooner. Investors fear she might even remove promises to keep rates near zero for a “considerable period” in this week’s statement by the Federal Open Market Committee.

That would cause quite a clatter. But the matter with oil’s plunge this week was that it might sink companies that borrowed heavily to finance shale oil projects. By one estimate, they raised $550 billion in debt and accounted for almost one-fifth of the bond issuance this year. What’s keeping folks up at night is the fear that falling oil prices and rising interest rates will trigger a wave of defaults and an avalanche of failures, redemptions and forced asset sales. We got a taste of that kind of contagion Friday.

That could trigger a sudden reversal of global funds out of Asia, the kind we caught a glimpse of in the summer of 2013 when the Fed first suggested it would start tapering quantitative easing. Either way, it looks like a blue Christmas for Asian currencies.

So what does 2015 hold for Asia’s 12 largest economies? Here are my predictions, from naughtiest to nicest:

  • Australia: Growth is likely to cool to 2.7% from 2.8% as falling mining investment and weak demand from China offset an improving housing market and new infrastructure investment. A current account deficit, weakening trade and short-term external debt payments are likely to keep Australia’s dollar down under.
  • China: Growth is slowing fast, to 7% from 7.4%, and the Xi Jinping government is helping it do so to rid China of the kind of debt-fueled over-investment whose most tangible symptom is the toxic skies over its cities. China’s dilemma is that it cannot cool growth too fast lest it trigger a financial crisis. But if it dials growth down too slowly it risks a Japan-style deflationary trap. China’s economy is thus in a start-stop jam, with consumption and investment dependent on spurts of government stimulus. Even if China averts disaster, it will dampen growth around Asia and the world.
  • Hong Kong: With growth in China weak, its government paralyzed, its middle class squeezed and domestic industry sclerotic, growth is likely to remain pegged at 3%. And with its currency pegged to the U.S. dollar, rising rates stand to devastate its highly leveraged housing market.
  • India: 2014’s biggest story is expected to keep dazzling as optimism about new Prime Minister Narendra Modi translates into higher private-sector investment. Combined with the prospect of rate cuts, growth is likely to rise to 6.4% from 5.6%. Analysts like outsourcing company HCL Technologies and carmaker Maruti Suzuki. If Modi manages to push through reforms to power, labor and land, it will boost productivity and embolden consumers. Expectations are indeed so high it seems inevitable that before year’s end India suffers some Modi-sappointment.
  • Indonesia: The new president, Joko Widodo, is unlikely to succeed in pushing through reforms to revive growth, which will edge up only slightly to 5.3% from 5.2%. Lower subsidies will bolster government finances, but spending is hostage to politics and weak commodities will crimp recovery. Analysts like analysts like Matahari Department Store, but Indonesia’s current account deficit leaves it vulnerable to outflows.
  • Japan: A big election win this weekend by Prime Minister Shinzo Abe will help his nationalist agenda, but won’t propel economic reform. Investment may improve as companies replace equipment, but rising wages will be offset by lower social security outlays. Growth will slow to 0.8% from 0.9% and, barring a global crisis that sends investors scurrying to the safety of the yen, Japan’s currency will keep weakening as companies and investors send the Bank of Japan’s newly minted yen offshore in search of higher returns.
  • Malaysia: growth is likely to slow to 5.2% from 5.9% as lower oil prices crimp exports, government spending and consumption. Rising borrowing costs will hurt corporate investment. Analysts recommend engineering and construction company Gamuda, but Malaysia’s very popularity among global investors leaves it vulnerable to their retreat.
  • Philippines: Rising services exports and improving government infrastructure outlays are likely to propel growth to 6.4% from 6.2%. Political maneuvering ahead of 2016 elections pose a risk, but buoyant remittances from foreign workers and low government external debt provide ample insulation.
  • Singapore: The monetary authority will need to keep weakening the local currency to prevent rising global rates from puncturing a property-market bubble it has worked hard to control. An improvement in exports could push growth up to 3.2% from 3%. Analysts like local bank DBS Group, but this financial center is highly exposed to receding global capital.
  • South Korea: Rising U.S. demand should offset weak exports to China, and rate cuts to relieve heavily indebted homeowners could boost growth to 3.8% from 3.7%. Analysts like home and factory builder Hyundai Development and memory chip-maker SK Hynix. Korea’s current account surplus should support the currency.
  • Taiwan: Taiwan’s export-dependent economy is a proxy for recovering U.S. demand, so growth could tick up to 3.7% from 3.5%. Rising wages should boost domestic consumption, too. Low external debt gives the government space to spend and reform to woo voters ahead of elections in 2016 even as global rates rise.
  • Thailand: Uncertainty following the military coup last May is abating, which will help revive consumption and investment. The central bank is likely to keep cutting rates, helping growth boomerang upward to almost 4% from 1% this year. Rising short-term external debt exposes Thailand to rapid outflows.

Source :

Expectations vs Reality in Real Estate

Expectations vs Reality in Real Estate (

Expectations vs Reality in Real Estate (

By Jesse McCarl

The real estate experience should always be fun. But the journey is often tarnished by unrealistic expectations from the onset. To help keep things in perspective, here’s a look at some of the most common misunderstandings and reality to help you prepare. We hope that distinguishing expectations vs reality in real estate will make your house hunting adventures more enjoyable.

If you’ve already been through the buying or selling process before, let us know in the comments what you think! What did we leave out? What other expectations have you seen fall short of or exceed the reality of realty?


For Rent – 498D Tampines St 45 (HDB 4A)

DWG GTA United @ Tampines

Here’s a charming home in a desirable neighbourhood. Open and airy, this 4-room HDB flat has 3 bedrooms, 2 baths, a spotless kitchen with service balcony, with a spacious living hall enough to enjoy your weekends with friends and family. Refined, fully-furnished, ready to move-in, and reasonably priced.

The 498D Tampines Street 45. Welcome to you new home.


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For more info, please contact:
Paul de Leon
Dennis Wee Realty Pte Ltd
CEA Reg. No.: R019100D
Mobile: +65 8180 4136


Expect home prices to plunge by 10% in 2H15

Expect home prices to plunge by 10% in 2H15 (

Expect home prices to plunge by 10% in 2H15 (

On back of supply glut and interest rate hike.

A substantial drop in residential property prices has still not materialized over a year after the government rolled out its stringent property cooling measures. Now, industry watchers state that the anticipated price drop may well happen next year, as developers struggle to woo hesistant buyers.

OCBC forecasts that residential home prices will dip 10%-15% over 2015-2016. OCBC notes that the government will only consider reversing some property cooling measures once prices have dropped by 10%, which is likely to happen in the second half of next year.

“A heavy physical oversupply situation ahead, coupled with anticipated interest rate hikes from the Fed in 2H15, will likely keep buyers on the back foot going forward. That said, a price crash in excess of 20% is improbable, in our view, given the high price elasticity of demand in the housing market; that is, we will likely see significant buyer demand coming into the market at lower price points,” noted OCBC.


Navigating the HDB cooling measures

Navigating the HDB cooling measures (AsiaOne)

Navigating the HDB cooling measures (AsiaOne)

Sam Baker
The New Paper
Monday, Dec 08, 2014

Singapore — HDB resale prices last month decreased 9.8 per cent since their peak in April 2013.

This decline is almost double the 5 per cent mark mentioned by National Development Minister Khaw Boon Wan in May 2013, one month before announcing changes to the Total Debt Servicing Ratio.

Does this mean the Government will end the cooling measures?

Until the Government signals its intentions with new targets and timelines, we do not know. As a result, in some sense, we are navigating the Singapore property market with incomplete information and this can cause uncertainty.

But here is the paradox about real estate: There will always be uncertainty.


Whether there are cooling measures or not, there are always unpredictable variables that introduce an element of risk for buyers and sellers and make it impossible to time the market.

For example, uncertainty about movements in interest rates makes the real estate market unpredictable.

What will happen if interest rates go up? Will this weaken demand or will it take many interest rate hikes before it reduces demand?

Macroeconomic issues such as gross domestic product, a financial crisis, and inflation make it difficult for you to forecast the future value of your home with a high degree of confidence.

My advice therefore is to look at the cooling measures as just another set of variables and navigate around them.

Here’s how.

First, identify the current rules of the game so that you know how to play. If you are an HDB buyer, today’s rules are in your favour. HDB homes are more affordable thanks to the cooling measures and an increase in supply.

A larger percentage of Build-to-Order units this year has caused more resale flats to go on the market and a higher supply means downward pressure on pricing.

Furthermore, very low interest rates mean it is historically inexpensive for you to finance your home.

Second, take advantage of the rules of the game to buy the right home at the right price.

The cooling measures and increase in HDB supply are dampening sellers’ expectations. The go-go years of sky-high Cash Over Valuations and seller expectations no longer dictate the rules of the game.

Instead, as reported by SRX Property, the median Transaction-Over-X Value for last month was negative $3,000. That means buyers have more negotiating power and are buying below the computer-generated market value.

Third, take a measured view about the future value of your home. We do not know when the cooling measures will come off, but they will come off.

New home buyers want to preserve the value of their purchases and baby-boomers must be able to unlock the value of their homes for retirement.

Therefore, the rules of today’s market are quite clear for buyers: Take advantage of the cooling measures to negotiate a discount, recognising that, in the long run, it is in everyone’s interest for your home to appreciate and give you a good return.

Next week, I will explain how sellers can navigate the unpredictability of the cooling measures.

Sam Baker is co-founder of SRX, an information exchange formed by leading real estate agencies in Singapore to disseminate market pricing information and facilitate property listings and transactions. For more information on buying, selling or renting Singapore property, visit