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Thread: Private landed property transactions fall to lowest since 1995

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    Default Private landed property transactions fall to lowest since 1995

    http://www.channelnewsasia.com/news/...medium=twitter

    SINGAPORE: Transaction volume of private landed properties fell last year to its lowest since 1995.
    A total of 867 landed properties changed hands in the first half of last year -- a reduction of about 40 per cent, compared to the same period the year before.

    In the second half of 2013, the number of transactions was 492, which is a decrease of close to 70 per cent, compared to the same period in 2012.

    And compared to the year before, the total number of transactions in 2013 has more than halved.

    While the sector typically does not see high transaction volumes, some analysts say the decline could be driven by recent property cooling measures and limited supply in the market.

    Chris Koh, director of Chris International, said: "We also had (property market cooling measures) in place -- seven rounds of measures and then followed by the Total Debt Servicing Ratio last year.

    “Landed properties are more expensive -- in terms of quantum, prices, if I can't get financing for it, I will have difficulty buying the landed properties."

    The report also pointed out the limited supply of such units -- there are about 70,000 units available.

    Majority of owners have bought such properties to live in, and not for investment purposes.

    "You have a second group of buyers who are really the richer people, the high net worth people who own landed properties. They don't buy it for a flip to make money quickly, or they buy it for rental returns.

    “We all know that landed properties don't give you good rental returns. They buy it to hold,” said Mr Koh.

    In the past five years, the percentage of units rented has remained around seven per cent.

    There are also measures in place to restrict foreign ownership.

    Generally, foreigners are not allowed to buy landed properties. However, there are exceptions, such as units in Sentosa Cove.
    Supply is not expected to increase. The Government Land Sales Confirmed List for the first half of this year is also not expected to yield any sites for landed units.


    - CNA/nd

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    Quote Originally Posted by princess_morbucks View Post

    is this a prelude to what R33 has been saying about landed housing ?

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    Private landed property transactions fall to lowest since 1995.

    Wonder what is the price, increase or fall.

    I guess should be the same as COV.

    COV fall, valuation goes up.

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    MND : Lowest since 1995 – Private landed property transactions in 2013 is nearly half that of 2012. In 2H2014, the number of transactions hit 492, a 70% decline from the same period in 2012. Analysts attributed the fall to the cooling measures and the TDSR framework introduced over the last year.


    What happen to all that big talking about DEEP POCKET, CASH RICH, RICH TYCOON from CHINA etc etc?

    Perhaps Proper-T still believe that low transaction is a good thing??

    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

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    You believe him? Somebody who bought J Gateway at around $1700 psf when surrounding condos going for $9xx psf?


    Quote Originally Posted by proud owner View Post
    is this a prelude to what R33 has been saying about landed housing ?

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    Quote Originally Posted by teddybear View Post
    You believe him? Somebody who bought J Gateway at around $1700 psf when surrounding condos going for $9xx psf?

    Just because CCR (wrong side) is selling at $1800psf while other CCR are selling above $4000psf, that doesnt mean you need to be so sour about J Gateway leh. $9xxpsf for MM unit in Jurong Lake District?

    Show us which project leh.
    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

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    Surrounding condo $9xxpsf considered very high liao, launch price for these condos were only $5xxpsf. Sell at $9xxpsf is making $4xxpsf profit. JGateway sell at $1900psf only $1xx-200psf profit.

    Quote Originally Posted by teddybear View Post
    You believe him? Somebody who bought J Gateway at around $1700 psf when surrounding condos going for $9xx psf?

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    Quote Originally Posted by Patrickstar View Post
    Surrounding condo $9xxpsf considered very high liao, launch price for these condos were only $5xxpsf. Sell at $9xxpsf is making $4xxpsf profit. JGateway sell at $1900psf only $1xx-200psf profit.
    This is exactly what Regulators said before.
    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

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    23 have voted n more to come. Monitor closely hor

    http://forums.condosingapore.com/sho...201#post469201

    Quote Originally Posted by Ringo33 View Post
    This is exactly what Regulators said before.

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    Quote Originally Posted by Patrickstar View Post
    23 have voted n more to come. Monitor closely hor

    http://forums.condosingapore.com/sho...201#post469201
    Regulators did voted for himself, I am just wondering if I am allowed to vote
    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

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    I think you are the only one amusing yourself. Regulators must be closer to you compared to your father or mother since you can't live without talking about this person.

    Btw if you want to vote yourself to be a cynic you are most welcome, but I suggest you go with the popular vote

    Quote Originally Posted by Ringo33 View Post
    Regulators did voted for himself, I am just wondering if I am allowed to vote

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    Quote Originally Posted by Patrickstar View Post
    I think you are the only one amusing yourself. Regulators must be closer to you compared to your father or mother since you can't live without talking about this person.

    Btw if you want to vote yourself to be a cynic you are most welcome, but I suggest you go with the popular vote
    Since we already know you are Regulators why are you still trying to deny it? The most you try, the most you look like this bird here.

    You must be thinking by burying your face in a hole we are not going to know you are there.

    This is so funny...

    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

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    Continue to amuse yourself by calling Regulators your father and mother (ie kao peh kao bu)...

    23 have voted n more to come. Monitor closely hor

    http://forums.condosingapore.com/sho...201#post469201

    Quote Originally Posted by Ringo33 View Post
    Since we already know you are Regulators why are you still trying to deny it? The most you try, the most you look like this bird here.

    You must be thinking by burying your face in a hole we are not going to know you are there.

    This is so funny...

    Last edited by Patrickstar; 25-03-14 at 20:12.

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