Sunday, 1 June 2014

Private Residential Price Index


The prices are starting to trend down with more weakness likely in the 2H of 2014. 

I think it will be interesting in 2015 and some bargains are starting to emerge. 

Freehold condos can now be bought in Newton and near Holland Road at around $1,300-1,500 psf. I have 2 friends who bought recently. So make sure you do your homework. 

Don't go for new launches if you really need to buy a place to stay. Go find existing homes and you may be able to find "value". 

Happy hunting. 

7 comments:

Wilson said...

I'm sure you are talking about big units that are at least 1500sqft and above? It's impossible to get those psf for smaller units i.e. <900sqft

You're right, it's a better choice to get resale now rather to new units.

It's not as easy as before to get a property loan since the bank got clamped down on being generous in issuing mortgage loan to people...

Mr. IPO said...

about 1200-1400 square foot kind. Difficult to find value for studio apartments as the quantum is low and more people can afford.

JÏИ£µИ™ said...

Hi! Interesting read. Very glad i stumble upon your blog and it definitely deserve more views. Im 21 this year n somehow was exposed into the mysterious n dangerous land of investing. I rmbed one of ur post mentioning that u started very young also. Just wondering if u have any advice for a young chap like myself. TIA! :)

Mariam Montecillo said...

I’m so impressed to see these statistics. Just last month, there’s a decline in the Singaporean real estate market. The good news is when I purchased a unit at d’Leedon rent, the price is still affordable. I’m expecting that they are going to increase its price.

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