View Full Version : is new condo sales slowing down liow ??...
ikan bilis
07-07-12, 14:56
is new condo sales slowing down liow ??...
after bedok residences, watertown, katong regency... new sales/launch like no strength like that... very "no-eat-rice"... no more queue-for-days and sold-within-days liow... very "no-show-see" and not shiok leh... :sleep:
i just did some quick search on ura website (sold/total units)...
archi 407/577
bartley residencs 307/702
flo 266/530
hillsta 173/416
natura-hillview 137/193
palm isles 293/429
ripple bay 549/679
seahill 225/454
sky-habitat 129/509
nautical 310/435
river isles (no data)...
new sales cooling down liow or what ??... or too many new launches that market cannot digest ??... :confused:
euro crisis looming. growing pessimistism
Oversupply :D
Temporary pause before a surge following release of white paper on population and Ura concept plan
Bishan sky habitat launch with extremely big coverage from medias... Surprise to see just 12x units sold!
By the way, Far East this year new launches often associate with "Hill"....
:rolleyes:
Oversupply :D
spoiled with choices, not oversupply. still a lot of backlog not cleared yet. too many NE projects, upper Serangoon, etc...it will take a while to clear the last units:p but dont think the price will drop as interest still supper low and developer also got holding power. all waiting for chiong signal and then they will chiong eh...:D
phantom_opera
07-07-12, 15:55
yeah .. all new projects all in either Pasir Ris or Punggol .. indigestion there
should see how FEO sell ECO at Tanah Merah
maybe shift b focus on CCR? V on shenton at starting price of 1mil looks tasty for some investors with cash..
Another one recently sold in 5days flat
http://sbr.com.sg/residential-property/exclusive/1919-sophia-road-sold-out-in-just-5-days
maybe shift b focus on CCR? V on shenton at starting price of 1mil looks tasty for some investors with cash..
Another one recently sold in 5days flat
http://sbr.com.sg/residential-property/exclusive/1919-sophia-road-sold-out-in-just-5-days
personal opinion is that CCR would lose it shine...or at least wait till they remove the CM. City fringe seems a better bet if both are dropping.
OCR will be the focus for the next few years.....:o
:2cents::2cents:
Give the market a break la !
If every month sales cheong like 2500 units with people Q overnight, we will have a problem v soon.
The current state of the market is very good. Steady growth, people still buying, prices not overheated. Prices inch up 0.5%-1.0% every month or quarter ... Like that then got long term benefit and potential la!
Anyway, if you buy now, u must wait 4 years to sell, so shld pray that market remain stable and steady.
There are some news not reported. If you go shwoflats u will know, people are still buying...
DKSG
Wild Falcon
07-07-12, 17:15
I think CCR can only consider small MM units. Large units are not moving. That's why most CCR launches are small. I notice there are quite a few CCR condos already going to TOP but haven't even sold one unit. OCR larger units >506sqft are the most resilient based on recent research.
personal opinion is that CCR would lose it shine...or at least wait till they remove the CM. City fringe seems a better bet if both are dropping.
OCR will be the focus for the next few years.....:o
:2cents::2cents:
I am expecting the next chiong project to be Parc Centros if they price it similar to ATT at below 1k psf.
Everybody want mrt, mall and below 1k psf.
:D
demand will be steady and increasing ... just need to balance the supply side:D
I think CCR can only consider small MM units. Large units are not moving. That's why most CCR launches are small. I notice there are quite a few CCR condos already going to TOP but haven't even sold one unit. OCR larger units >506sqft are the most resilient based on recent research.
Care to share wad r the proj that is going to top but haven't sold a unit? Thanks
Been telling the whole world punggol sengkang oversupply and finally they published the article.
Those who bought OCR except punggol, sengkang last year should be very safe.
Been telling people EC price will set floor and climb over the next few years and now its happening.
RCR is risky game unless there are low quantum two three bedder.
CCR is dangerous game except for MM but only if it does slow its climb first.
ai zhai....
"In recent years, Singapore has been giving out 18,000 - 20,000 citizenships to foreigners every year. In 2011, the figure was close to 16,000"
http://youtu.be/dRMoXnx6PX0
showroom traffic seems to be very quite. Must be slow month this week. Other then that IMF chief readcing that every corner of the world, investment and mfg slowing down must be a sober reminder that mr b forecast is starting to materalise.
I guess its time to brace and take stock of the situation
showroom traffic seems to be very quite. Must be slow month this week. Other then that IMF chief readcing that every corner of the world, investment and mfg slowing down must be a sober reminder that mr b forecast is starting to materalise.
I guess its time to brace and take stock of the situation
Which showrooms u referring to ? :p
Pass by along bendemeer road just now and see quite ok crowd in the 3 projects which spaced almost 300m apart. City fringe......strong....:p
showroom traffic seems to be very quite. Must be slow month this week. Other then that IMF chief readcing that every corner of the world, investment and mfg slowing down must be a sober reminder that mr b forecast is starting to materalise.
I guess its time to brace and take stock of the situation
There is a slow down in the number of new launches. Time to let the market take a breath. Next couple of months would be a better gauge with more new launches in the pipeline.
How to see a slow down in new launches and new launch buying transactions when the govt is selling so much land to develop new properties and developers are allowed to absorb foreigners 10% ABSD and everybody else's 3% ABSD, and new launch buyers are in effect paying only 20% CASH downpayment to book a property (vs they needing to pay 40% CASH for a resale property)? :rolleyes:
If they genuinely want to see a slow down in new launch transactions, the above skewed policies and covering one eye to developers' unfair pricing between sales to locals and foreigners won't happen..... :doh:
There is a slow down in the number of new launches. Time to let the market take a breath. Next couple of months would be a better gauge with more new launches in the pipeline.
How to see a slow down in new launches and new launch buying transactions when the govt is selling so much land to develop new properties and developers are allowed to absorb foreigners 10% ABSD and everybody else's 3% ABSD, and new launch buyers are in effect paying only 20% CASH downpayment to book a property (vs they needing to pay 40% CASH for a resale property)? :rolleyes:
If they genuinely want to see a slow down in new launch transactions, the above skewed policies and covering one eye to developers' unfair pricing between sales to locals and foreigners won't happen..... :doh:
Let take a leaf from the worst that we went thru
http://www.youtube.com/watch?v=ie9SzMSkq5k
cautiom and as some bro mention taking a breather is something to look at.
Now, we know GLC Keppel Land is abosrbing part of the 10% ABSD for foreign buyers! So much so for "transparency" and "fairness" in govt regulations! :scared-3::banghead:
And from somebody who endorse buying $2,200 foldable bicycles vs a normal $150 non-foldable bicycles, and make the old and the lady to take public transport and carry the foldable bicycles all the way from office to inspection sites and back! :doh:
In Singapore, global property buyers fall off
Updated 08:07 PM Jul 07, 2012
NEW YORK - The developers of Reflections at Keppel Bay, the project designed by Daniel Libeskind on the Singapore waterfront, are among the local real estate companies offering to pay at least part of a stamp duty recently imposed on their foreign customers.
"Developers who are willing to partially absorb the duty will be able to continue sales," said Albert Foo, general manager of marketing for Keppel Land, developer of the Reflections project.
The stamp duty is one of several measures enacted by the Singapore government to curb sales to international investors amid concerns that homes in Singapore are becoming too expensive for residents.
Government leaders "clearly are saying as a policy we need to keep control of escalation in prices," said Chris Fossick, managing director in Singapore and Southeast Asia for Jones Lang LaSalle, the property company.
The international sales market already had muted as a result of the global economic situation, Mr. Fossick said, adding, "The introduction of additional taxes only adds to that quietness."
Home values in Singapore fell in the first quarter of 2012 for the first time in three years, according to government data. And prices in the higher end of the market fell 0.9 percent from the previous quarter.
Given the number of properties on the market, prices of private residences are expected to slide through the end of the year, according to Nicholas Holt, Knight Frank's research director for Asia-Pacific. The government measures will "push money elsewhere," Mr. Holt said.
While the declines in some sectors have been slight, they still are in sharp contrast to results in recent years, when Singapore posted some of the largest price gains in the world.
Despite the global slowdown, prices in Singapore rose 50.5 per cent from the fourth quarter of 2006 to the same period of 2011, an increase bested only by those in mainland China, Hong Kong and Israel, according to Knight Frank. In 2007 alone, the increase in the city-state was 33 per cent.
Foreign buyers, who viewed Singapore as a relatively open, fast-growing market in comparison with some other Asian cities, played a large role in the sales activity - even though by law their purchases are limited to apartments and land in only a few developments.
The percentage of international buyers in the overall market increased to 17 per cent in 2011 from 11 percent in 2005, according to DTZ, the property consultancy.
Reflections at Keppel Bay, the first major residential project in Asia designed by Mr Libeskind, was one of several high-profile projects announced in Asia between 2006 and 2008 in the hope of catching the eye of international buyers. One of those, Opus Hong Kong, the first residential project in Asia by the architect Frank Gehry, opened this year in Hong Kong.
The Keppel Bay project features six curved glass towers that were designed to appear as if they sway in the breeze. Each of the buildings, which range from 24 to 41 stories, is capped by a rooftop garden, and several are connected by elevated sky bridges.
Since the project went on sale in 2007, Keppel Land sold 845 of the 950 available apartments, with 30 percent going to international buyers, primarily from Australia, Indonesia, South Korea and China, Mr. Foo said.
Keppel Land recently announced plans to start the next phase of the project, which includes 367 homes, as developers are hoping that an increase in Chinese buyers will help offset the sales decline. "We have seen a strong surge from mainland China," Mr. Foo said, adding that they believe interest will continue to grow.
Some analysts say they believe the current slowdown in international sales is temporary. "There is still latent demand" for property, said Chua Yang Liang, head of research in Southeast Asia for Jones Lang LaSalle, and some projects, especially those aimed toward local residents, continued to report activity.
The developers of Watertown@Punggol, a waterfront development with 11 residential towers and a shopping mall, recently announced the sale of 580 of the 828 available units, with prices per square foot ranging from 980 Singapore dollars to 1,500 dollars, or $773 to $1,183.
Ninety per cent of the buyers were Singapore residents, according to the Far East Organization, one of the project's backers.
Although international sales have slowed, the domestic market continues to grow, analysts say.
The number of millionaire households in Singapore jumped 33 per cent from 2009 to 2011, the largest increase in the world, according to a 2011 study by the Boston Consulting Group. And more than 15 per cent of Singapore households were headed by millionaires, the highest concentration in the world, the study found. THE NEW YORK TIMES
How to see a slow down in new launches and new launch buying transactions when the govt is selling so much land to develop new properties and developers are allowed to absorb foreigners 10% ABSD and everybody else's 3% ABSD, and new launch buyers are in effect paying only 20% CASH downpayment to book a property (vs they needing to pay 40% CASH for a resale property)? :rolleyes:
If they genuinely want to see a slow down in new launch transactions, the above skewed policies and covering one eye to developers' unfair pricing between sales to locals and foreigners won't happen..... :doh:
Temporary pause before a surge following release of white paper on population and Ura concept plan
Does anyone knows when the white paper and URA plan will be out?
Just request for the same 10% lor. Otherwise just don't buy.
We need to pay 40% for a resale property? Has the rule change again? I thought as long as you do not have outstanding loan, you can pay 20% downpayment?
How to see a slow down in new launches and new launch buying transactions when the govt is selling so much land to develop new properties and developers are allowed to absorb foreigners 10% ABSD and everybody else's 3% ABSD, and new launch buyers are in effect paying only 20% CASH downpayment to book a property (vs they needing to pay 40% CASH for a resale property)? :rolleyes:
If they genuinely want to see a slow down in new launch transactions, the above skewed policies and covering one eye to developers' unfair pricing between sales to locals and foreigners won't happen..... :doh:
We need to pay 40% for a resale property? Has the rule change again? I thought as long as you do not have outstanding loan, you can pay 20% downpayment?
Yes, no outstanding mortgage only need to d/p 20% for next property
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