Keep coming across this statements saying developers' Land Bank are depleting with all these launches.
Pls share your views... :spliff2:
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Keep coming across this statements saying developers' Land Bank are depleting with all these launches.
Pls share your views... :spliff2:
It is a relative situation as compared to say 1 year ago, when things were just starting to move.
If situation really so bad, then developers would be snapping away at the GLS without second thoughts.
Just another excuse to up, up and away the prices lor. :D
create a mindset to some buyer
Must buy. Land getting less.
Run out of stock
price sure go up
:p
Quote:
Originally Posted by Acer
True but not true
With so many successful sales (in general), developers have the money to do something next, so they need new projects for future...
If our population maintains steady at 5 plus million, my guess is demand is still strong ahead as supply has not increased tremendously...
Let say few hundred projects went enbloc last few years and they relaunch with maybe 50 percent more units per project with smaller units. The overall net increase still cannot meet the 2 million extra we faced now... In late 90s, our population is about 4mil (hum thumb) only..... In addition, those being enbloced, themselves need a place over their head too.
Just a wild guess :ashamed1:
All these comments make me wonder what was the situation just a year back. Market was crashing, prices under severe downward pressure.
In reality ppty mkt prices and vol are driven by sentiment. A good reason to buy can always be explained in an upturn like now, and similarly a good reason can be explained in a downturn.
One things for sure, in the long term property prices will surely go up.
Did anyone read the article, that for a child born in a developed country today, the chances of living over 100 years is 50%! So where do you think ppty prices are headed. Not down.
That's PROPERTISM STATEMENT NO. 1 !!! :scared-4:Quote:
Originally Posted by Localite
I have worked out before a Google Map satellite photo showing Singapore's remaining undeveloped areas (in green). They are all either reservoirs, parks or golf courses.
Last time I made a mistake saying that there is still quite a lot of undeveloped land (green) in Marina Bay area in the south. It turns out to be slated for Gardens by the Bay.
http://i305.photobucket.com/albums/n...nSingapore.jpg
Hi Mickey:
Ref yr photo, tt seems not much left for future development and re-develop/enbloc etc will be a way to go..... and Prime will become even Gilat PRIME... :simmering:
Just look at Hong Kong...... very cram... :scared-1:
Cheers
so if you think future projects will be very cramp together ...Quote:
Originally Posted by Latio
should one start to buy at least BIG units? outside building cramp ..at least inside spacious ..right ?
OR
buy landed ..? have your own land .... the closest your neighbor can get is 1.5 m from your fence/wall
Landed is the way to go for Singaporeans. Land is scarce in Singapore and therefore land prices will always go up! (No. 1 Rule of Propertism)
Also, landed houses will have higher chances of en-bloc versus old condo. One landed house en-bloc at $3M can be torn down and rebuilt to at least 5 levels or 4 x apartment units + ground floor parking which can fetch $4.8M revenue for the developer (based on $1200 psf @ 1000 sqft).
Old condo - probably already max out existing plot ratio or GFA and selling at incredible prices based on built in psf or we call it "air space".
Jlrx like this bestQuote:
Originally Posted by Blue
Not really true. Even if they do so, most likely will end up like Telok Kurua. One hump here and there.Quote:
Also landed houses will have higher chances of en-bloc versus old condo. One landed house en-bloc at $3M can be torn down and rebuilt to at least 5 levels or 4 x apartment units + ground floor parking which can fetch $4.8M revenue for the developer (based on $1200 psf @ 1000 sqft).
Masterplan changes every 5 years, last master plan developer damn du lan cause not much changes to plot ratio.Quote:
Old condo - probably already max out existing plot ratio or GFA and selling at incredible prices based on built in psf or we call it "air space".
:cheers1: