Sunday, 11 August 2013

Property Price Index

Private Property prices show no signs of coming down.

My views remain the same: while the policies are in place to prevent speculation, sellers are not lowering their expectation. This causes the current stalemate in the market where the volume transacted is low.

You will need to have a major crisis to bring down the prices.


Anonymous said...

[[ anonymous 7 ]]

Given the article above, I am posting a half-article from BT. (The article is not complete) See what you make of it.

Published August 30, 2013

Heeton seeking single buyer for iLiv@Grange

But if it cannot secure a good price, it may turn to individual buyers


Kalpana Rashiwala

iLiv@Grange: Heeton is said to be asking $2,200-$2,300 psf for an en bloc sale of the 16-storey tower, or $129 million to $135 million. - PHOTO: ARTHUR LEE

[SINGAPORE] Heeton Holdings is said to be looking for a buyer to pick up all 30 units in its iLiv@Grange project, which is expected to receive Temporary Occupation Permit (TOP) in October.

Talk in the market is that it is seeking $2,200-$2,300 psf for an en bloc sale of the 16-storey tower, which would work out to $129 million to $135 million based on the freehold District 10 development's total saleable area of about 58,500 sq ft.

However, if Heeton does not secure attractive price offers for an en bloc sale, it plans to sell the units individually. Heeton has two years after TOP to finish selling the whole project, under Qualifying Certificate conditions.

Analysts believe Heeton's breakeven cost for the project could be around $2,000-2,200 psf. Heeton bought the 20,325 sq ft site, which formerly housed Grange Court, for $72.8 million or $1,700-plus per square foot per plot ratio in 2007.

Anonymous said...

Anonymous 7, what are you trying to prove???
Let me guess...
Trying to be Smarter then Mr IPO?

Anonymous said...

[[ anonymous 7 ]]

Here is another half article,just off the press.

Published September 10, 2013

TDSR casts shadow over sales at new launches


Kalpana Rashiwala

Keppel Land said that it had sold around 80 units at 99-year-leasehold The Glades, next to Tanah Merah MRT Station - PHOTO: KEPEEL LAND

[SINGAPORE] The response to last week's launches of The Glades in Tanah Merah and The Skywoods in the Dairy Farm area shows just how severely the new loan curbs have affected private home sales. Not only were sales relatively weak but they also seemed to have pretty much stalled after the first day of booking.

Keppel Land said that it had sold around 80 units at 99-year-leasehold The Glades, next to Tanah Merah MRT Station. The bulk of the sales are understood to have been done on the first day, Friday. KepLand said that the average price for the 200 units released in the 726-unit development was around $1,450-1,500 per square foot (psf).

In contrast, Fragrance and World Class Land are said to have sold about 220 units over March 15-17 when they released the nearby Urban Vista condo. The average price was about $1,500 psf.

Meanwhile, the consortium developing The Skywoods, also a 99-year project, sold 35 units last Friday, followed by 10 units on Saturday and Sunday combined. Its average price for the first 150 units released in the 420-unit project is $1,250 psf.

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Anonymous said...

If you are so good, anonymous 7, you won't be posting here liao ;-(

You, anonymous 7, sounded so Experience and I would like to challenge you to conduct seminars to benefit more audiences. See you can get a thousand people sign up?

But, I think you will not do it because you don't know...

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