Oh I forgot..is it freehold or leasehold? As in 99 years
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Property agents feeling the pinch as market cools
- Thread starter nutbush
- Start date
Oh I forgot..is it freehold or leasehold? As in 99 years
Condo rental volume sees 0.5% decline in November
Condo rents slip 0.8% in November
http://sbr.com.sg/residential-property/news/condo-rents-slip-08-in-november-0
Condo rents slip 0.8% in November
http://sbr.com.sg/residential-property/news/condo-rents-slip-08-in-november-0
seemingly, property prices surging every where except sinkieland. if places like auckland is soaring, i see no reason why sgp is declining. we have better strategic position than auckland definitely.
house prices have soared beyond the reach of residents: it’s happening in the global economy’s poster-towns, like London and San Francisco, and in less-feted Auckland, Stockholm and Toronto too.
https://www.bloomberg.com/news/arti...-quick-40-in-vancouver-but-no-one-is-building
house prices have soared beyond the reach of residents: it’s happening in the global economy’s poster-towns, like London and San Francisco, and in less-feted Auckland, Stockholm and Toronto too.
https://www.bloomberg.com/news/arti...-quick-40-in-vancouver-but-no-one-is-building
u bought recently?
HDB rents down 0.9% in November month-on-month, rents in November were down 4.6% from a year ago http://sbr.com.sg/residential-property/news/hdb-rents-down-09-in-november
The new trend is zero commission for renters….anyone who pays these scum commissions is a schmuck….let the landlords pay them…they work for landlords.
And even landlords want fixed commissions these days.
The new Singo trend is cramming a bunch of strangers into their homes, 2 ppl per room. Just to maximise rent….what a bunch of losers.
And even landlords want fixed commissions these days.
The new Singo trend is cramming a bunch of strangers into their homes, 2 ppl per room. Just to maximise rent….what a bunch of losers.
Resale condo prices down 0.7% in November http://www.propertyguru.com.sg/prop...e-condo-prices-down-0-7-in-november-nus-index
same as developers and contractors......... they dun deserve my sympathy
Singapore Home Prices Fall for Third Year https://www.bloomberg.com/news/arti...ces-fall-for-third-year-amid-government-curbs
Residential values have tumbled 11% from September 2013 peak
Residential values have tumbled 11% from September 2013 peak
Is this article about the same City Development listed in Singapore?
Shares of City Developments Limited (NASDAQ:CDEVY) have been given a consensus broker rating score of 4.00 (Sell) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a sell recommendation.
http://dailyquint.com/2017-01-05-ci...verage-recommendation-of-sell-from-brokerages
Cousin's guocoland appears to be doing better in Singapore lately.
Cousin A takes care of guocoland and HL Bank
Cousin B takes care of City Dev and HL Finance.
Shares of City Developments Limited (NASDAQ:CDEVY) have been given a consensus broker rating score of 4.00 (Sell) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a sell recommendation.
http://dailyquint.com/2017-01-05-ci...verage-recommendation-of-sell-from-brokerages
Cousin's guocoland appears to be doing better in Singapore lately.
Cousin A takes care of guocoland and HL Bank
Cousin B takes care of City Dev and HL Finance.
More property agencies close shop amidst tepid market
A total of 95 property agency licences and 3,200 property agent registrations lapsed after December 2016. The Council for Estate Agencies (CEA) issued 40 new property agency licences and 1,189 new property agent registrations throughout 2016.
http://sbr.com.sg/commercial-property/news/more-property-agencies-close-shop-amidst-tepid-market
A total of 95 property agency licences and 3,200 property agent registrations lapsed after December 2016. The Council for Estate Agencies (CEA) issued 40 new property agency licences and 1,189 new property agent registrations throughout 2016.
http://sbr.com.sg/commercial-property/news/more-property-agencies-close-shop-amidst-tepid-market
Rents for private homes fall 1.3% in December, down 6.2% in 2016
http://www.straitstimes.com/busines...s-fall-13-in-december-62-in-2016-srx-property
http://www.straitstimes.com/busines...s-fall-13-in-december-62-in-2016-srx-property
the root problem of the property bubble all over the world is that the rich are flipping the properties causing the prices to sky rocket and made unavailable to the common men, so comes the curb but note that there will always be a demand, it's just that the prices are being knocked down. so i see there is still a future in property line. as for the agents, it is better to get invested in online transaction as this trade going to be taken over by buy/sell on the internet.
There were 128 unsold units at Sky Habitat as at Sept 30 - the developer was unable to disclose the updated figure before its next quarterly earnings announcement.
OrangeTee told The Straits Times that Wheelock Properties this month also introduced a deferred payment scheme at its high-end condo Ardmore Three - which still had about 25 unsold units as at the end of last month.
"A buyer has the option to defer 80 per cent of the price for two years," said Ms Emily Eng, director of residential services at OrangeTee. Meanwhile, One Balmoral - a freehold 91-unit condo in prime District 10 by Hong Leong Holdings - offers a 13 per cent discount on the prices of all units.
The developer started offering discounts and rebates at Ardmore Three last year, with selling prices at more than $3,000 psf.
http://www.straitstimes.com/business/property/deferred-payment-plans-at-more-condos
Not only deferred payments but irresponsible developers giving steep discounts on remaining units, means that the original owners are sitting on 20-30% paper loss which might trigger bank's margin calls on their loan.
OrangeTee told The Straits Times that Wheelock Properties this month also introduced a deferred payment scheme at its high-end condo Ardmore Three - which still had about 25 unsold units as at the end of last month.
"A buyer has the option to defer 80 per cent of the price for two years," said Ms Emily Eng, director of residential services at OrangeTee. Meanwhile, One Balmoral - a freehold 91-unit condo in prime District 10 by Hong Leong Holdings - offers a 13 per cent discount on the prices of all units.
The developer started offering discounts and rebates at Ardmore Three last year, with selling prices at more than $3,000 psf.
http://www.straitstimes.com/business/property/deferred-payment-plans-at-more-condos
Not only deferred payments but irresponsible developers giving steep discounts on remaining units, means that the original owners are sitting on 20-30% paper loss which might trigger bank's margin calls on their loan.
One of Singapore's richest men, veteran banker Wee Cho Yaw, has bought all 45 unsold units at upmarket condominium, The Nassim, for $411.6 million.
The bulk sale gets developer CapitaLand off the hook over penalties that apply to unsold properties after a stipulated period. The penalties could have run to millions of dollars.
Mr Wee, chairman emeritus of United Overseas Bank, bought the properties through his family's private real estate arm, Kheng Leong.
The deal values the property at $407.2 million, or $2,300 per sq ft.
CapitaLand said the agreed property value represents a bulk sale discount of about 18 per cent on the current individual unit sale price.
This is in line with a range of discounts seen at recent bulk sale transactions, such as the 156 units sold at Nouvel 18 at a discount of about 16 per cent, as well as the 30 units sold at iLiv@Grange with 23 per cent off.
The 45 units at The Nassim make up a strata area of 16,446 sq m, and was sold by CapitaLand subsidiary CRL Realty, which owns the property developer Nassim Hill Realty.
Other individual buyers have snapped up 10 units in the property at 18, Nassim Hill, which features 55 units in eight five-storey blocks.
It was previously reported that some of these buyers include Mr Sigid Wonowidjojo and his relative. Mr Wonowidjojo's family controls Indonesian cigarette maker Gudang Garam.
Of the 45 units purchased by Mr Wee, three are five-bedroom units, and 16 are four-bedroom units. The remaining 26 are three bedders.
The deal is the latest in a series of recent bulk sales of residential units which developers have done to avoid the Qualifying Certificate (QC) penalties.
Under the Residential Property Act, developers issued with a QC upon buying private residential land must finish building the project within five years of acquiring the site and sell all units within two years of obtaining a temporary occupation permit (TOP).
Failing that, the developer pays extension charges pro-rated to the proportion of unsold units.
The Nassim, which received its TOP in August 2015, would have had to pay extension charges by August this year on unsold units.
CapitaLand estimated that if the 45 units had been unsold by August, it would have had to pay $9.3 million in the first year. These fees would have jumped to $27.9 million by the third year.
Developers paid far more in extension charges last year compared with the same period for 2015. As at Oct 27, the Government collected about $58.2 million in fees, up from just $24.9 million collected in the whole of 2015, said the Singapore Land Authority last year.
Source: http://www.straitstimes.com/busines...rce=Facebook&xtor=CS1-10#link_time=1484612570
The bulk sale gets developer CapitaLand off the hook over penalties that apply to unsold properties after a stipulated period. The penalties could have run to millions of dollars.
Mr Wee, chairman emeritus of United Overseas Bank, bought the properties through his family's private real estate arm, Kheng Leong.
The deal values the property at $407.2 million, or $2,300 per sq ft.
CapitaLand said the agreed property value represents a bulk sale discount of about 18 per cent on the current individual unit sale price.
This is in line with a range of discounts seen at recent bulk sale transactions, such as the 156 units sold at Nouvel 18 at a discount of about 16 per cent, as well as the 30 units sold at iLiv@Grange with 23 per cent off.
The 45 units at The Nassim make up a strata area of 16,446 sq m, and was sold by CapitaLand subsidiary CRL Realty, which owns the property developer Nassim Hill Realty.
Other individual buyers have snapped up 10 units in the property at 18, Nassim Hill, which features 55 units in eight five-storey blocks.
It was previously reported that some of these buyers include Mr Sigid Wonowidjojo and his relative. Mr Wonowidjojo's family controls Indonesian cigarette maker Gudang Garam.
Of the 45 units purchased by Mr Wee, three are five-bedroom units, and 16 are four-bedroom units. The remaining 26 are three bedders.
The deal is the latest in a series of recent bulk sales of residential units which developers have done to avoid the Qualifying Certificate (QC) penalties.
Under the Residential Property Act, developers issued with a QC upon buying private residential land must finish building the project within five years of acquiring the site and sell all units within two years of obtaining a temporary occupation permit (TOP).
Failing that, the developer pays extension charges pro-rated to the proportion of unsold units.
The Nassim, which received its TOP in August 2015, would have had to pay extension charges by August this year on unsold units.
CapitaLand estimated that if the 45 units had been unsold by August, it would have had to pay $9.3 million in the first year. These fees would have jumped to $27.9 million by the third year.
Developers paid far more in extension charges last year compared with the same period for 2015. As at Oct 27, the Government collected about $58.2 million in fees, up from just $24.9 million collected in the whole of 2015, said the Singapore Land Authority last year.
Source: http://www.straitstimes.com/busines...rce=Facebook&xtor=CS1-10#link_time=1484612570
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