鞋盒一级棒! Shoebox units in demand

[mcmlxxvi]

Buyers shift focus to shoebox units: DTZ

Aug 27, 2013 - PropertyGuru.com.sg Buyers are being drawn to more affordable and
smaller units following the government’s latest
property cooling measures and stricter loan rules,
according to a report from DTZ. During the second quarter, 2,571 buyers (38
percent) opted to buy homes below S$1 million,
higher than the 1,835 buyers (31 percent) in the
previous quarter. Purchases between S$1 million
to S$1.5 million also increased to 33 percent or
2,265 units in Q2. In contrast, sales of homes prices from S$1.5
million to S$2 million fell to just 12 percent in Q2,
while purchases between S$2 million to S$3
million slipped to nine percent. “The sharp increase in purchases of units costing
below S$1 million was largely due to the sale of
shoebox units (defined as units below 500 sq ft in
size) within this price band. The proportion of
shoebox unit purchases within this price band
rose from 17 percent in Q1 to 29 percent in Q2. In absolute terms, the number of units more than
doubled from 310 units in Q1 to 738 units in Q2.
Almost all of the shoebox units purchased in Q2
cost less than S$1 million,” the report said. Of the shoebox apartments sold, 52 percent or
384 units are located in the Outside Central
Region (OCR). The popular projects include
Bartley Ridge, D’Nest and Urban Vista. Moreover,
Q2 also saw a 22 percent quarter-on-quarter
increase in purchases by HDB addressees mostly buying shoebox units. In the high-end segment, sales remained firm as
“buyers have deep pockets and are less affected
by the cooling measures”. In fact, 40 units worth
over S$10 million were sold in Q2, up 33 percent
from Q1. Moving forward, DTZ expects MAS’ new Total
Debt Servicing Ratio (TDSR) framework “to have
limited impact on purchase demand for the first
and second private residential property, although
the maximum quantum of the property they can
now purchase is reduced”. The TDSR will also likely affect investment demand especially for the
third property onwards as transactions will take
longer to be completed. “With the maximum absolute quantum of loan
being reduced, we expect demand to continue to
gravitate towards smaller and more affordable
units,” it added. Romesh Navaratnarajah, Senior Editor at
PropertyGuru, edited this story.

[mermaid]

ho say liao la!

siang wanna buy my shoebox pm me!
brand new, got super potential
willing to let go at $2000psf hahaha

[mcmlxxvi]

ho say liao la!

siang wanna buy my shoebox pm me!
brand new, got super potential
willing to let go at $2000psf hahaha

Haig 162???

[mermaid]

Haig 162???

not FH & no seaview la but potential is infinite
u wanna buy issit?
mine gotta best stack, very near mrt, not low floor, unblock, no west sun, gd layout no planters, no BS .... u buy liao sure wun regret, haha ... now I realised I got bit bit 不舍得 to sell liao

[mcmlxxvi]

Yalor 如果真如你所说那么赞 何必要卖!

[teddybear]

Instead of allowing expensive homes to be transacted, govt tighten many policies and discourage foreigners and the rich from buying properties in Singapore (read less tax revenue from foreigners & the rich).

On the other hand, Govt doing all those people who are not rich a service, allow them to be able to afford cheap (absolute quantum) homes (and generate more tax revenue from these people!)

Sometimes, don't know whether why good intention become bad to the people buying all these shoe-boxes at premium prices even though they are so absolutely affordable in quantum?

Buyers shift focus to shoebox units: DTZ

Aug 27, 2013 - PropertyGuru.com.sg Buyers are being drawn to more affordable and
smaller units following the government’s latest
property cooling measures and stricter loan rules,
according to a report from DTZ. During the second quarter, 2,571 buyers (38
percent) opted to buy homes below S$1 million,
higher than the 1,835 buyers (31 percent) in the
previous quarter. Purchases between S$1 million
to S$1.5 million also increased to 33 percent or
2,265 units in Q2. In contrast, sales of homes prices from S$1.5
million to S$2 million fell to just 12 percent in Q2,
while purchases between S$2 million to S$3
million slipped to nine percent. “The sharp increase in purchases of units costing
below S$1 million was largely due to the sale of
shoebox units (defined as units below 500 sq ft in
size) within this price band. The proportion of
shoebox unit purchases within this price band
rose from 17 percent in Q1 to 29 percent in Q2. In absolute terms, the number of units more than
doubled from 310 units in Q1 to 738 units in Q2.
Almost all of the shoebox units purchased in Q2
cost less than S$1 million,” the report said. Of the shoebox apartments sold, 52 percent or
384 units are located in the Outside Central
Region (OCR). The popular projects include
Bartley Ridge, D’Nest and Urban Vista. Moreover,
Q2 also saw a 22 percent quarter-on-quarter
increase in purchases by HDB addressees mostly buying shoebox units. In the high-end segment, sales remained firm as
“buyers have deep pockets and are less affected
by the cooling measures”. In fact, 40 units worth
over S$10 million were sold in Q2, up 33 percent
from Q1. Moving forward, DTZ expects MAS’ new Total
Debt Servicing Ratio (TDSR) framework “to have
limited impact on purchase demand for the first
and second private residential property, although
the maximum quantum of the property they can
now purchase is reduced”. The TDSR will also likely affect investment demand especially for the
third property onwards as transactions will take
longer to be completed. “With the maximum absolute quantum of loan
being reduced, we expect demand to continue to
gravitate towards smaller and more affordable
units,” it added. Romesh Navaratnarajah, Senior Editor at
PropertyGuru, edited this story.

[mermaid]

Yalor 如果真如你所说那么赞 何必要卖!

no la, dun intend to sell. in fact, I look at the latest new launches hv yet to find one tat can supersede or make me feel like buying.

[mcmlxxvi]

Instead of allowing expensive homes to be transacted, govt tighten many policies and discourage foreigners and the rich from buying properties in Singapore (read less tax revenue from foreigners & the rich).

On the other hand, Govt doing all those people who are not rich a service, allow them to be able to afford cheap (absolute quantum) homes (and generate more tax revenue from these people!)

Sometimes, don't know whether why good intention become bad to the people buying all these shoe-boxes at premium prices even though they are so absolutely affordable in quantum?

因为 不开窍的老百姓 还以 psf 看世界!!!

Becoz no open agile old hundred surnames still using psf to see world!!!

[MM Lovers]

That is why I am a MM lover. The first investment property I bought was only 334 sqft.

[mcmlxxvi]

That is why I am a MM lover. The first investment property I bought was only 334 sqft.

Prestige Hts

[mermaid]

That is why I am a MM lover. The first investment property I bought was only 334 sqft.

334sqft in ccr?

[MM Lovers]

Prestige Hts

yes, u r right bro. sold it already. v easy to rent out but will face competition once the rest of the nearby new developments obtain TOP. Like Interweave, skysuite 17 etc.

[MM Lovers]

334sqft in ccr?

No, city fringe. At Balestier Road.

[mcmlxxvi]

yes, u r right bro. sold it already. v easy to rent out but will face competition once the rest of the nearby new developments obtain TOP. Like Interweave, skysuite 17 etc.

见好就收。我喜欢。

See good just let go. I like.