Results 1 to 8 of 8

Thread: Don't believe what Agent said, facts and figures don't lie.

  1. #1
    Join Date
    Jun 2009
    Location
    Southbank
    Posts
    9,531

    Default Don't believe what Agent said, facts and figures don't lie.

    Key highlights:
    📌Announced by Urban Redevelopment Authority with effect 17 January 2019
    📌Average size of units of new private developments outside of Central Singapore will have to be at 85 sqm, increased from 70 sqm
    📌9 locations will be subject to even more stringent minimum average requirement of 100 sqm
    📌Locations are Marine Parade, Joo Chiat-Mountbatten, Balestier, Telok Kurau-Jalan Eunos, Stevens-Chancery, Pasir Panjang, Kovan-How Sun, Shelford and Loyang.


    How does this impact future private new launch developments? .
    📌There will be significantly 18% and 30% lesser units in future developments respectively.
    📌Era of compact 1 bedroom to 2 bedroom units in new launches is over.
    📌Due to the minimum requirement mandated by URA, developers of future developments will primarily build more larger units (3BR or bigger) and they will build lesser small (1BR-2BR) units.
    📌Because developers will want to continue to maximize the land use and also maximize their profits, it does not make sense for developer to build more 1 or 2BR units. See example 1A below.
    📌While the psf is speculated to face pressure, the smallest unit size will possibly start from 1 bedroom + study 500 sqft onwards, which increases the overall property price, which may affect affordability for buyers who are looking to acquire their 1st property or 2nd property for investment
    📌Supply and demand: Lesser smaller units may also result in the demand for current smaller units take-up rate to go up

    Example 1A:
    Development 1A has a site area of 13,935 sqm (150,000 sqft) and a plot ratio of 2.4.
    Under the previous rule: (13,935 sqm x 2.4) ÷ 70 sqm = 477 maximum units
    Under 85 sqm ruling: (13,935 sqm x 2.4) ÷ 85 sqm = 393 maximum units
    Under 100 sqm ruling: (13,935 sqm x 2.4) ÷ 100 sqm = 334 maximum units


    Insider info:
    📌My insider contacts within developer organisations has informed me that all of them held emergency meeting immediately after the news broke yesterday
    📌Many hinted that prices for small units of [unnamed] developments will increased within the next few weeks
    📌Prices of the larger units will also increased to respect the size difference between the smaller and larger units


    How does this impact you as a potential buyer? .
    📌For buyers who are intending to purchase 1 or 2 bedroom units, you may be priced out since the prices of the most affordable unit in future new launches will be higher because the sizes are bigger, or that there is only a few small units launched per development
    📌Because there are lesser units in future development launches, the maintenance fees may also be slightly higher.

    If you want to consider buying a 1BR unit for investment, or a 2BR for own stay, this is the best time before any future price increase on the existing developments. Contact me for recommendation(s), info, floor plans, pricing on current new launch developments

    Source:
    The Business Times, 18 Oct 2018
    https://www.businesstimes.com.sg/rea...r-condo-prices

  2. #2
    Join Date
    May 2018
    Posts
    100

    Default

    I would think they would increase the price of existing developments because in future, they can’t make as much.
    Why be the scapegoat, better to save more and buy a bigger unit. It’s more liveable too

  3. #3
    Join Date
    Jun 2009
    Location
    Southbank
    Posts
    9,531

    Default

    Quote Originally Posted by sginvestor View Post
    I would think they would increase the price of existing developments because in future, they can’t make as much.
    Why be the scapegoat, better to save more and buy a bigger unit. It’s more liveable too
    They already did, if you know what others know.

  4. #4
    Join Date
    Nov 2008
    Posts
    1,385

    Default

    Arcachon,

    https://www.housingloansg.com/hl/cal...bsd-calculator
    Just wanna check if the above link to calculate absd is accurate anot..?? I using this to calculating my absd, and waiting for the banker LO this week before exercising
    Though bank already verbally approved last few weeks, to be sure LO will be approved.? Thanks

  5. #5
    Join Date
    Jun 2009
    Location
    Southbank
    Posts
    9,531

    Default

    Quote Originally Posted by jwong71 View Post
    Arcachon,

    https://www.housingloansg.com/hl/cal...bsd-calculator
    Just wanna check if the above link to calculate absd is accurate anot..?? I using this to calculating my absd, and waiting for the banker LO this week before exercising
    Though bank already verbally approved last few weeks, to be sure LO will be approved.? Thanks
    Can you do a screenshot, no figure to check?

  6. #6
    Join Date
    Nov 2008
    Posts
    1,385

    Default

    I can do screenshot, but forget how to upload.
    Just wanna see if accuracy of the link.

  7. #7
    Join Date
    Jun 2009
    Location
    Southbank
    Posts
    9,531

    Default

    Quote Originally Posted by jwong71 View Post
    I can do screenshot, but forget how to upload.
    Just wanna see if accuracy of the link.
    I just posted in my facebook album, then right click copy image address and paste using the image icon.

  8. #8
    Join Date
    Jun 2009
    Location
    Southbank
    Posts
    9,531

    Default


Similar Threads

  1. Freehold compare Leasehold look at the facts and figures not hearsay.
    By Arcachon in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 26-03-21, 09:01
  2. The Facts and Figures were there but being Human we chose to hearsay.
    By Arcachon in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 01-10-20, 10:42
  3. Not for AssUme reader who doesn't read facts and figures.
    By Arcachon in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 25-05-20, 09:05
  4. Never AssUme look for the Facts and Figures.
    By Arcachon in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 18-05-20, 08:19

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •