View Full Version : Is Winter coming?
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https://www.facebook.com/Teo.See.Hwa/posts/10215591112023806
bargain hunter
18-04-19, 09:51
median prices of the cheapest projects are > 1300psf because the 4 EC plots will be aiming for median prices of > 1100psf.
Treasure @ Tampines median price is at 1335psf. I calculated the average price to be > 1320psf as well. This is contrary to what was reported that 272 units were sold at an average price of 1280psf.
https://www.straitstimes.com/business/property/mega-condo-treasure-at-tampines-sells-272-units-of-490-released-at-launch
From $1173 psf
TREASURE AT TAMPINES TAMPINES LANE Condominium 18 OCR 99 years leasehold New Sale 1 2,007,000 - 1,711 Strata 06 to 10 1,173 Mar-19
TREASURE AT TAMPINES TAMPINES LANE Condominium 18 OCR 99 years leasehold New Sale 1 1,996,000 - 1,690 Strata 01 to 05 1,181 Mar-19
TREASURE AT TAMPINES TAMPINES LANE Condominium 18 OCR 99 years leasehold New Sale 1 2,048,000 - 1,722 Strata 06 to 10 1,189 Mar-19
TREASURE AT TAMPINES TAMPINES LANE Condominium 18 OCR 99 years leasehold New Sale 1 2,057,000 - 1,722 Strata 06 to 10 1,194 Mar-19
TREASURE AT TAMPINES TAMPINES LANE Condominium 18 OCR 99 years leasehold New Sale 1 985,000 - 818 Strata 01 to 05 1,204 Mar-19
TREASURE AT TAMPINES TAMPINES LANE Condominium 18 OCR 99 years leasehold New Sale 1 2,075,000 - 1,722 Strata 11 to 15 1,205 Mar-19
TREASURE AT TAMPINES TAMPINES LANE Condominium 18 OCR 99 years leasehold New Sale 1 1,015,000 - 840 Strata 01 to 05 1,209 Mar-19
TREASURE AT TAMPINES TAMPINES LANE Condominium 18 OCR 99 years leasehold New Sale 1 2,084,000 - 1,722 Strata 11 to 15 1,210 Mar-19
TREASURE AT TAMPINES TAMPINES LANE Condominium 18 OCR 99 years leasehold New Sale 1 2,089,000 - 1,722 Strata 06 to 10 1,213 Mar-19
bargain hunter
18-04-19, 12:41
yes but the average is still > 1300psf. buyers are willing/no choice but to pay > 1300psf generally for the cheapest new launches it seems, especially if they want "better" units.
From $1173 psf
TREASURE AT TAMPINES TAMPINES LANE Condominium 18 OCR 99 years leasehold New Sale 1 2,007,000 - 1,711 Strata 06 to 10 1,173 Mar-19
TREASURE AT TAMPINES TAMPINES LANE Condominium 18 OCR 99 years leasehold New Sale 1 1,996,000 - 1,690 Strata 01 to 05 1,181 Mar-19
TREASURE AT TAMPINES TAMPINES LANE Condominium 18 OCR 99 years leasehold New Sale 1 2,048,000 - 1,722 Strata 06 to 10 1,189 Mar-19
TREASURE AT TAMPINES TAMPINES LANE Condominium 18 OCR 99 years leasehold New Sale 1 2,057,000 - 1,722 Strata 06 to 10 1,194 Mar-19
TREASURE AT TAMPINES TAMPINES LANE Condominium 18 OCR 99 years leasehold New Sale 1 985,000 - 818 Strata 01 to 05 1,204 Mar-19
TREASURE AT TAMPINES TAMPINES LANE Condominium 18 OCR 99 years leasehold New Sale 1 2,075,000 - 1,722 Strata 11 to 15 1,205 Mar-19
TREASURE AT TAMPINES TAMPINES LANE Condominium 18 OCR 99 years leasehold New Sale 1 1,015,000 - 840 Strata 01 to 05 1,209 Mar-19
TREASURE AT TAMPINES TAMPINES LANE Condominium 18 OCR 99 years leasehold New Sale 1 2,084,000 - 1,722 Strata 11 to 15 1,210 Mar-19
TREASURE AT TAMPINES TAMPINES LANE Condominium 18 OCR 99 years leasehold New Sale 1 2,089,000 - 1,722 Strata 06 to 10 1,213 Mar-19
Another Freehold Heritage condo sold @ 1953 in D8 RCR 500m to 3 MRT station at leasehold price.
571 sqft at $1,074,000 ($1880psf)
https://www.facebook.com/Teo.See.Hwa/posts/10215592082288062
parc-clematis
15-05-19, 17:01
yes but the average is still > 1300psf. buyers are willing/no choice but to pay > 1300psf generally for the cheapest new launches it seems, especially if they want "better" units.
cool
bluesky3000
22-05-19, 18:52
Why would you say winter, still okay what the PSF
Why would you say winter, still okay what the PSF
PSF is at its minimum due to cooling measures.
Just need to remove one the property will shoot up again.
bargain hunter
30-05-19, 15:52
Is the winter ending already?
https://www.businesstimes.com.sg/real-estate/property-price-curbs-achieved-stabilisation-goals-lawrence-wong
Property price curbs achieved stabilisation goals: Lawrence Wong
THU, MAY 30, 2019 - 10:53 AM
BP_Lawrence Wong_300519_43.jpg Almost a year after intervening to stem soaring property prices, Singapore has done what it set out to do and stabilised the property cycle, Minister for National Development Lawrence Wong said. BT PHOTO: LIM YAOHUI
[SINGAPORE] Almost a year after intervening to stem soaring property prices, Singapore has done what it set out to do and stabilised the property cycle, Minister for National Development Lawrence Wong said.
"The property market last year, before the cooling measures were put in place, we saw prices rising very sharply," Mr Wong said in an interview with Bloomberg Television's Haslinda Amin in Singapore.
"There was a very real risk that prices would outpace fundamentals, and I think if that had happened then eventually it would lead to a destabilising correction and I think everybody would be worse off."
Singapore's government introduced cooling measures to slow price increases in July 2018, including raising stamp duties for second homes and entities, and tightening loan-to-value limits for housing loans granted by financial institutions.
"It was, as we had stressed then, not to bring down prices but to stabilise and moderate the cycle, and I think we have achieved that effect," Mr Wong said.
SEE ALSO: Allied Tech executive director in S$129m fast property flip
Asked if he was concerned about property buyers moving focus from Hong Kong's ever-rising property market to cheaper Singapore, Mr Wong said there will always be foreign investors looking to buy in Singapore because they think it's a good investment. However, he said Singapore will continue to monitor prices and has a suite of available tools at its disposal to ensure stability.
"We welcome investors to our property market, but what we want to ensure is that demand, regardless whether it's local demand or foreign demand, doesn't cause the prices to move at a pace that outstrips fundamentals."
BLOOMBERG
Is the winter ending already?
https://www.businesstimes.com.sg/real-estate/property-price-curbs-achieved-stabilisation-goals-lawrence-wong
Property price curbs achieved stabilisation goals: Lawrence Wong
THU, MAY 30, 2019 - 10:53 AM
BP_Lawrence Wong_300519_43.jpg Almost a year after intervening to stem soaring property prices, Singapore has done what it set out to do and stabilised the property cycle, Minister for National Development Lawrence Wong said. BT PHOTO: LIM YAOHUI
[SINGAPORE] Almost a year after intervening to stem soaring property prices, Singapore has done what it set out to do and stabilised the property cycle, Minister for National Development Lawrence Wong said.
"The property market last year, before the cooling measures were put in place, we saw prices rising very sharply," Mr Wong said in an interview with Bloomberg Television's Haslinda Amin in Singapore.
"There was a very real risk that prices would outpace fundamentals, and I think if that had happened then eventually it would lead to a destabilising correction and I think everybody would be worse off."
Singapore's government introduced cooling measures to slow price increases in July 2018, including raising stamp duties for second homes and entities, and tightening loan-to-value limits for housing loans granted by financial institutions.
"It was, as we had stressed then, not to bring down prices but to stabilise and moderate the cycle, and I think we have achieved that effect," Mr Wong said.
SEE ALSO: Allied Tech executive director in S$129m fast property flip
Asked if he was concerned about property buyers moving focus from Hong Kong's ever-rising property market to cheaper Singapore, Mr Wong said there will always be foreign investors looking to buy in Singapore because they think it's a good investment. However, he said Singapore will continue to monitor prices and has a suite of available tools at its disposal to ensure stability.
"We welcome investors to our property market, but what we want to ensure is that demand, regardless whether it's local demand or foreign demand, doesn't cause the prices to move at a pace that outstrips fundamentals."
BLOOMBERG
Most will still be sleeping when the winter ended.
The ground is hot but the air is cool.
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