Your theory is correct.... So to put into perspective :
For new launches :
Price of CCR????
>2.5K
Price of RCR???
Price of OCR????
But did you notice a convergence with RCR and OCR - wierd?????
Actually, I have a few RCR, the issue is the employment locations are now located in MBF (to me, that is the new CCR)... and OCR...
So people are wanting to stay near their work places....
Which RCR has a high employment catchment area (serious question).... Never really looked into it.... Hahahahahaha
But Tanah Merah, Paya Lebar, Jurong, seems to be the hot area leh.....
Want to hear opinions of people on this portion... I have not really thot deep into this yet... But this is just an observation from a generic view... No data to substantiate it....
The pinnacle of residential dwellings in Singapore, the GCBs, tend to cluster a certain distance from the CBD (except Windsor Estate, Bishan, RCR, and Green Hill Estate, Bukit Panjang, OCR).
Thus, I believe that other than price being related to distance from the CBD, there may actually exist a "Goldilocks zone" around the CBD where prices are simply, stratospheric.
If decentralisation is successful, rcr will slowly loses its importance/appeal. Last time RCR is good because it is nearer to the CBD where all the jobs are and RCR is less expensive to CCR. If decentralisation is successful, job clusters will be in OCR and CBD....
One thing that is certain for Singapore is that car ownership will become more expensive over time and more people will have rely on public transport instead of private cars. Hence in the medium to long term property prices near transport, commercial/employment hubs, schools and amenities will continue to rise due to continuous pent up demand from both buyers and tenants.
And this is likely to change the property landscape where in the past, you could say that property prices peak in the central and taper down as it move further out of the central. But with government decentralize effort, the property landscape in Singapore will look more like this.
CCR will of course still be the tallest peak, but there will also be more hill appearing because government decentralization plan.
This video will give you a good insight about what Singapore is going to be like in the next 20 years. Enjoy
http://www.youtube.com/watch?v=5490gLDAeJs
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Today Bloomberg headline : HK pty to drop 30% by 2015
http://www.bloomberg.com/news/2013-1...lays-says.html
"Developers in the first half sold 4,300 residential units" in HK.
Compared to HK, SG's market is unusually active.
We really have that many "first time" buyers huh ? (I can't imagine anyone willing to pay 10% ABSD just to enter the market) Long time ago ppl say "buy condo wah so rich already", now, virtually every HDB household can upgrade to condo
Yes you are right.
Singapore private properties so HOT is because of upgraders.
If they want to cool private properties, they need to cool resale HDB flats first. Otherwise, just talk only and current CMs all target private properties only give people the impression is to try to rack in $$$ than trying to tackle the source of problem...
1 very good CM they yet to implement to cool resale HDB (which they used to have previously): No tenanting out of whole unit, no such thing as lock 1-room, etc, resale HDB prices sure cools, private condos demands sure cools!
With this measure, can remove all other measures targeting foreigners and buying 2nd units, 3rd units etc!
including DUO and Alex already.
DUO 600
Skypark (EC) 271
Alex 171
Waterwoods (EC) 131
The Creek 47
Sky Vue 31
Thomson Three 27
Forestville (EC) 25
The Glades 25
Lush Acres (EC) 19
Triliniq 639
The Glades 621
Twin Peaks 383
Kingsford Hillview 370
Skywoods 364
Sky Habitat 330
Vue8 327
Hillion Resi 301
D'leedon 283
Eight Riversuites 266
Jewel@Buangkok 259
Alex Resi 258
Leedon Resi 258
Waterwoods (EC) 242
Skypark Resi (EC) 235
Forestville (EC) 229
The Venue Resi 225
Sky Vue 217
The Creek 213
Corals 198
Interlace 190
RV Resi 176
V on Shenton 171
Clermont Resi 168
La Fiesta 164
Seahill 162
26 Newton 151
thank u bro hunter.
tis mth dun hv "Projects 99.99 to 90% of total units unsold"?
Project Name Units Sold in the Month
DUO RESIDENCES 600
SKYPARK RESIDENCES 271
ALEX RESIDENCES 171
WATERWOODS 131
THE CREEK @ BUKIT 47
SKY VUE 31
THOMSON THREE 27
FORESTVILLE 25
THE GLADES 25
LUSH ACRES 19
SEA HORIZON 18
NINE RESIDENCES 16
BARTLEY RIDGE 15
ECOPOLITAN 15
LA FIESTA 15
THE TEMBUSU 15
CLERMONT RESIDENCE 13
HILLS TWOONE 12
VUE 8 RESIDENCE 12
STRATUM 11
Q BAY RESIDENCES 10
THE INFLORA 10
THE SKYWOODS 10
EIGHT RIVERSUITES 9
LIV ON WILKIE 9
URBAN VISTA 9
MIDTOWN RESIDENCES 8
RV RESIDENCES 8
RIVERSAILS 7
D'NEST 6
DLEEDON 6
JEWEL @ BUANGKOK 6
KENSINGTON SQUARE 6
THE VENUE RESIDENCES 6
GOODWOOD GRAND 5
THE INTERLACE 5
TWIN FOUNTAINS 5
V ON SHENTON 5
CORALS AT KEPPEL BAY 4
ECO SANCTUARY 4
GRANDVIEW SUITES 4
JADE RESIDENCES 4
LUXUS HILLS 4
OXLEY EDGE 4
THE CENTREN 4
THE OCTET 4
VILLAGE @ PASIR PANJANG 4
AURA 83 3
GARDEN PARK RESIDENCES 3
OCEAN FRONT SUITES 3
REZI 3TWO 3
SKY HABITAT 3
THE BOUTIQ 3
BELGRAVIA VILLAS 2
BERKELEY RESIDENCES 2
CASSIA EDGE 2
FLORAVILLE 2
FORESQUE RESIDENCES 2
H2O RESIDENCES 2
HIJAUAN 2
KINGSFORD . HILLVIEW PEAK 2
RIVERBAY 2
THE VIRIDIAN 2
TREASURES @ G20 2
8 FARRER SUITES 1
BISHOPSGATE RESIDENCES 1
BLOSSOM RESIDENCES 1
BUCKLEY CLASSIQUE 1
CITYLIFE@TAMPINES 1
CLUNY PARK RESIDENCE 1
GOODWOOD RESIDENCE 1
HILLION RESIDENCES 1
MAYFAIR RESIDENCES 1
MON JERVOIS 1
ONZE @ TANJONG PAGAR 1
PALACIO 1
PAVILION PARK (PHASE 2) 1
SEVEN CRESCENT 1
THE MEYERISE 1
THE TRILINQ 1
TWIN PEAKS 1
UBER 388 1
UP@ROBERTSON QUAY 1
259 PC + 74 EC = 333 units sold in Dec 2013
no more 4D number!
Agents suffer
Top 20 Sales
Guillemard Suites 26
Forestville (EC) 24
La Fiesta 18
Skypark Resi (EC) 18
The Glades 18
Duo Resi 11
Sea Horizon (EC) 11
Bartley Ridge 10
Q Bay 10
Jewel @ Buangkok 9
Thomson Three 9
Kensington Square 8
Urban Vista 8
Waterwoods (EC) 8
Ecopolitan (EC) 7
Right Riversuites 7
Goodwood Grand 7
Hills twoone 7
Alex Resi 6
Lush Acres (EC) 5
Next 28
D'leedon 4
Marina Bay Suites 4
Nine Resi 4
Riversails 4
Interlace 4
Skywoods 4
Berkeley Resi 3
Leedon Resi 3
Mayfair Resi 3
Midtown Resi 3
V on Shenton 3
Village @ Pasir Panjang 3
#1 Suites 2
111 Emerald Hill 2
D'nest 2
Floraville 2
H20 Resi 2
Hillsta 2
Liv on Wilkie 2
Pavilion Sq 2
Sky Habitat 2
Sky Vue 2
Stratum 2
The Creek @ Bukit Timah 2
Tembusu 2
The Venue 2
Uber 388 2
Vue8 2
click: 🏢shoeboxmickeymousehouse 🏢
for the very unsold projects, this month's focus is on high quantum units.
starting with cluster houses
100% unsold and/or yet to launch
Watercove Ville 80
Asimont Villas 21
The Green Collection 20
Charlton 18 18
Kaleido 14
Whiteshores 14
Twelve Resi 12
Lotus Ville 11
Ellite Resi 8
Victory Ville 8
Terra Villas 7
Castello 6
99.99% to 70% unsold
Greenwood Mews
Alana
Seven Crescent
Eleven @ Holland
Goodwood Grand
Palms@ Sixth Avenue
Belgravia Villas
Villas @ Siglap
59 to 20%
Hillsgrove
Charlton 27
Whitley Resi
West Shore Resi
Cabana
Barker 9
Seletar View