Adapted from The Edge Property, Housing and Development Board / By Tay Hock Meng | September 23, 2015
Category Archives: Uncategorized
CBRE: Residential sales accounted for 30% of investment sales in 3Q2015
Adapted from The Edge Property, CBRE / by Tay Hock Meng | September 23, 2015
A bumper crop of 12,000 new Built-to-Order (BTO) flats will be launched for sale by the HDB in November, says Minister for National Development Khaw Boon Wan in his blog on Sept 23.
The decision to postponement the September BTO launch was to enable the government to finalise three major housing policies announced by Prime Minister Lee Hsien Loong in his National Day Rally Speech. The three schemes are – a new 2-Room Flexi Scheme, an increase in the income ceiling, and enhancements to the Special CPF Housing Grant.
“These three policies will further enhance affordability and build flexibility into our housing options,” says Khaw. “The delay will enable as many Singaporeans as possible to benefit from these new these initiatives, starting from the very next BTO launch.”
The delay will mean a bumper crop of about 7,000 BTO flats in six HDB towns across the country: Bidadari, Bukit Batok, Choa Chu Kang, Hougang, Punggol Northshore and Sengkang. The HDB will also concurrently launch 5,000 flats for sale under the Sale of Balance Flats (SBF) exercise. This means there will be a combined launch of 12,000 new flats at one go.
A Good Class Bungalow at Windsor Park for $27 million
News adapted from The Edge Property, Colliers International | September 23, 2015 By Michael Lim
A Good Class Bungalow (GCB) in the Windsor Park GCB area located off Upper Thomson Road has been put up for sale by tender. The indicative price of the GCB is $27 million or $1,280 psf. The property sits on a freehold land area of 21,091 sq ft.
Sitting on the land is a 1950s bungalow, which can be redeveloped into a new GCB, according to Colliers International, the marketing agent for the property. The site is located on one of the highest vantage points in the estate. According to Colliers, there are only 34 GCBs in the Windsor Park estate. There are very few GCBs in the estate that are offered for sale. According to caveats lodged, the most recent transaction of a GCB in Windsor Park was more than two years ago when a GCB sitting on a 22,481 sq ft site was sold for $25.3 million ($1,125 psf) in Jan 2013. Another newly completed GCB at Windsor Park by Simon Cheong’s private investment company, SC Homes, was sold for $27 million ($1,400 psf) in December 2012. The new GCB sits on a 19,280 sq ft of freehold site.
The GCB at Windsor Park that’s on the market will be sold by tender that closes on October 21, according to Colliers.
Slump in August developer sales on fewer launches
Both property news portal The Edge Property and Property Guru reported today the down number in property sales transactions, owing to fewer new launch projects and hungry ghost month. Below is the news from The Edge Property posted today (15 Sep 2015) by Lin Zhiqin.
Sales of private homes by developers slumped 69% m-o-m from 1,611 in July to 495 in August on the back of fewer launches, which fell 59% m-o-m from July’s 1,468 to 598 in August 2015. The sharp fall in launches is likely due to the Hungry Ghost month, considered inauspicious by Chinese homebuyers. Sol Acres executive condominium (EC) was the only project launched.
High Park Residences continued to be the best selling project with 76 units sold at a median price of $933 psf in August, following its strong sales of 1,169 units in July. The performance can be attributed to the affordable price and close proximity to The Seletar Mall. Botanique At Bartley maintained its second spot with 30 units sold at a median price of $1,282 psf in August, compared to the 63 units sold in July at a similar median price psf.
In the EC segment, developers sold 466 units in August, slightly lower than the 495 units sold in July. 707 EC units were launched in August, down sharply from 1,155 in July. Sol Acres was the top selling EC with 259 units sold in August at a median price of $787 psf, out of 707 units launched. The Brownstone took second place with 36 units sold at a median price of $817 psf.
Five best selling private projects in August
Source: URA, The Edge Property
Five best selling ECs in August
Source: URA, The Edge Property
Figure 1a: Residential units launched by developers
Source: URA, The Edge Property
Figure 1b: Residential units sold by developers
Source: URA, The Edge Property
Shunfu Ville up for collective sale
Thomson Area News
It is interesting to know D20 (Thomson/Bishan area) seems to be a lot vibrant than before. The area is on its way to have MRT stations to ferry residents to other parts of Singapore a lot easier. The MRT Line, Thomson East Coast Line, will even bring residents direct to Orchard, and Marina Bay, a deal not to be missed by investors. And besides that, the area is appealing to dwellers as it is closer to green parks, nature reserve and recreation, top school like Raffles Institution, and main road leading easily to town. Driving from Thomson area to town only takes around 15 minutes travelling on Thomson road. A couple of new developments are under constructions, i.e. Thomson Grand and Thomson Three, and for sure some more developments are on the way. Nashan Group has won the tender for its coming project Thomson Impressions. And today it is reported Shunfu Ville is up for collective sale.
News from Property Guru Sep, 2, 2015, by Romesh Navaratnarajah
Shunfu Ville Up For Collective Sale
