To be or Not to be. That is a BASIC question.

[blackjack21trader]

Private home sales rise 13 percent in November

Dec 15, 2011 - PropertyGuru.com.sg


BREAKING NEWS - Despite fears that Singapore's property market could slide after the government launched a harsh round of cooling measures last week, data from the Urban Redevelopment Authority (URA) shows that the market is still very robust.

In November, the total number of private housing units transacted climbed to 1,854, a 13 percent rise from 1,638 in October.

Excluding executive condominiums (ECs), the sales volume reached 1,701, a 23 percent climb from October.

According to Tejaswi Chunduri, real estate analyst at PropertyGuru, "The hike in total sales volume can be attributed to a huge 48 percent rise in the number of new launches by developers last month".

Chunduri added that the total number of new units launched reached a healthy 1,979, compared to 1,338 in October. This could indicate a trend among developers rushing to launch new projects before any uncertainty hits the market as a result of the new measures and current economic conditions.

The costliest unit sold for the month came from The Marq On Paterson Hill, at a whopping price of S$6,841 psf. Meanwhile, 11 high-end units at Scotts Square, located along Scotts Road, were sold at a median price of S$4,333 psf.

In total, 77 units were sold at a median price of above S$2,000 psf, of which 44 transacted at a median price of above S$3,000 psf.

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[jeaprp]

The next few months should give a better picture.
Too early to tell.

[ysyap]

This is Nov's figures... good indicator not affected by the latest CM but staring euro crisis in the face...

[peterng8]

The next few months should give a better picture.
Too early to tell.

this is the period of observation...close observation. recent observations after CM5(outside City): most buyers are holding price tight tight..no going down in price and with option to rent coupled with most important shield : low interest rate...

[phantom_opera]

It is the CCR pricing we should pay attention if any selling pressure, it is going to be top down but again HDB upgraders prefer to buy OCR @ 1500psf who is going to stop them?

[basic]

Realtors: We’ve Overcounted US Home Sales for Five Years


December 13th, 2011



by CNBC
Data on sales of previously owned U.S. homes from 2007 through October this year will be revised down next week because of double counting, indicating a much weaker housing market than previously thought.








like that huh....transaction, not price....
Spore is also 1st class in data manipulation.....wait for option cancellation....
strong data, buy more now if possible, bring cheque along can get 15-20% lower now, buy buy buy........hahahaha.....

[avo7007]

If anything else, it shows that previous CM is fast losing its effect on the mkt.....

[phantom_opera]

If anything else, it shows that previous CM is fast losing it effect on the mkt.....

Previous CM only turned everybody's speculative horizion to 4y

[ysyap]

Previous CM only turned everybody's speculative horizion to 4y

Plus setting aside more cash to meet the 60% LTV. Coupled with the latest CM, property investors are basically .

[lordhawk]

This was what probably forced our gahmen's hand to implement CM5.

CM1-4 no effect. So put out one jialat jialat CM5 !

[ysyap]

This was what probably forced our gahmen's hand to implement CM5.

CM1-4 no effect. So put out one jialat jialat CM5 !

Do not be surprise when CM6 comes along... remember in Jan everybody also say CM4 is the most jialat to date?

[peterng8]

Do not be surprise when CM6 comes along... remember in Jan everybody also say CM4 is the most jialat to date?

If price continues to go up for new launch esp out of city location where most buyers are locals in the next few months down the road...may see CM6 rises its ugly head...

this is possible as CM5 is mainly targeted at Foreigners, although this decreases number of buyers out there but for those out of city location, the low interest rate and able to own 2 for locals w/o penalty may limit the price drop to a certain extent .. now seeing sellers holding the price tight tight with slight price reduction only due to low interest and option to rent...observation period now till next year see how CM5 will affect the price esp out of city location...

[phantom_opera]

350psf for land near Punggol MRT, 50psf lower than Sim Lian

looks like CM5 is starting to moderate land bid

[kane]

350psf for land near Punggol MRT, 50psf lower than Sim Lian

looks like CM5 is starting to moderate land bid

who won the bid, where's the plot? If as close to punggol mall can consider leh. provided the developer don't jack up the price because of watertown or whatever the name is by FEO.

[bluedurian]

who won the bid, where's the plot? If as close to punggol mall can consider leh. provided the developer don't jack up the price because of watertown or whatever the name is by FEO.

-- think watertown's equidistant between this site and a treasure trove.

SINGAPORE : A Government Land Sales site in Punggol has received a top bid of $206.2 million.

The public tender closed on Thursday with 13 bids received.

Wee Hur Development is the top bidder for the Punggol Central site.

Opal Star put in a bid of $200.88 million and Lum Chang Building Contractors, $198.42 million.

This is the first condominium site tender to close since the latest property cooling measures were announced on 7th December.

Nicholas Mak of SLP International Property Consultants notes that Wee Hur's bid is 13.2 percent lower than a nearby sold in 2010.

He says the bid reflects an increased level of caution, mainly due to the perception of higher risk in 2012.

[kane]

This will be interesting. See when they launch.

[bluedurian]

This will be interesting. See when they launch.

agreed. wonder if this is the death knell for gls prices.

[kane]

agreed. wonder if this is the death knell for gls prices.

Death knell won't be more than $300 psf ppr. After factoring $300psf construction cost, their cost is still $650psf. Plus 25% margin, still works out to be $812.5psf.

[fclim]

Death knell won't be more than $300 psf ppr. After factoring $300psf construction cost, their cost is still $650psf. Plus 25% margin, still works out to be $812.5psf.

Like that ATT will seem expensive liao at $900++psf.

[kane]

Like that ATT will seem expensive liao at $900++psf.

Let's see how greedy wee hur is.

[Pro888]

350psf for land near Punggol MRT, 50psf lower than Sim Lian

looks like CM5 is starting to moderate land bid

Commercial & Industrial land also saw some moderation in land bid price compared to adj. plot started a few months ago. It is not becoz of CM5, but the global ecomony goin forward.

Dun be so pessimistic.

This firewall acts as a protection against "hot $$" expected to park here.

Every year, EDB have a tgt of more than $10 bil to acheive. Growing in areas like Pharma, oil & gas and the recent IRs & SAP (next phase).

Also business parks like MBFD,CBP, IBP, JLD etc

[Pro888]

Not much land left liao.

Tengah, Simpang, Bukit Brown, Baddari (small) & Mandai.

After SAP, what's next? Govt also need to cater land for other use.

Not only our hse is gettin smaller, look at the size of school field, or some even dun have.

[blackjack21trader]

Japan Stock Futures, Australia Shares Rise as U.S. Data Beats Estimates
Japanese stock futures and Australian shares rose after U.S. data on jobless claims and manufacturing beat estimates, easing concern Europe’s debt crisis will drag the global economy into a recession.

U.S. Stocks Rise as Strengthening Economic Data Overshadow Europe Crisis
U.S. stocks rose, snapping a three- day decline in the Standard & Poor’s 500 Index, as data on jobless claims and manufacturing signaling a strengthening economy overshadowed concern over Europe’s debt crisis.

European Stocks Advance on Earnings Outlook; Old Mutual, Commerzbank Gain
European stocks advanced amid speculation that this year’s slump in equities isn’t commensurate with the outlook for corporate earnings and as economic data from the U.S. and the euro area topped estimates.

Source: Bloomberg Dec 16, 2011

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FTSE 100 Index Climbs as Old Mutual, Admiral Shares Surge; IPF Declines

By Sarah Jones -Bloomberg Dec 16, 2011 1:07 AM GMT+0800

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