Singapore private property (shoes box/one bed room) in the future 4-5years??

[jes7]

For you all opinion, what will Singapore private property (shoes box/one bed room) in the short future? (4-5 years)

[jes7]

http://www.stproperty.sg/articles-pr...eyond/a/157355

[teddybear]

Interesting opinions I see in there, but Ringo will probably jump up and down saying those are rubbish!

Other things to note are, the Core Central Region (CCR) has become very attractively priced relative to outside of central region (OCR). This is an anomaly which is not justified. There is currently no change so material that makes Punggol/sengkang more attractive than say Orchard road.

Historically prime regions in core central regions always command a premium relative to the other 2 location classes. OCR overshooting CCR may indicate that many people may be buying into hype of Outside of central region (OCR) and are paying too much for these properties (on a per square feet basis). (The reason as to why these properties overshoot the price, that is a discussion for another day)


If property buyers start to look at the prime areas, they may yet realize that these areas are not too expensive after-all. And the current over-supply in Core Central Region (CCR) reflects price quantum affordability as some of these units are bigger in size and hence could cost between $3m to $10m at least and so the lower Per square feet prices of CCR reflects this phenomenon of CCR having a lower price than OCR. All that glitters in OCR regions may not be gold, many people could be sitting on stagnant prices for many years.

If there is no recession, no economic boom, no further regulatory boosts or impediments, we expect property prices to soften about 10% based on current trend.

Good pickings will be in CCR areas for long term rental possibilities, capital downside protection as well as capital gains potential.

http://www.stproperty.sg/articles-pr...eyond/a/157355

[Ringo33]

Interesting opinions I see in there, but Ringo will probably jump up and down saying those are rubbish!

Other things to note are, the Core Central Region (CCR) has become very attractively priced relative to outside of central region (OCR). This is an anomaly which is not justified. There is currently no change so material that makes Punggol/sengkang more attractive than say Orchard road.

Historically prime regions in core central regions always command a premium relative to the other 2 location classes. OCR overshooting CCR may indicate that many people may be buying into hype of Outside of central region (OCR) and are paying too much for these properties (on a per square feet basis). (The reason as to why these properties overshoot the price, that is a discussion for another day)


If property buyers start to look at the prime areas, they may yet realize that these areas are not too expensive after-all. And the current over-supply in Core Central Region (CCR) reflects price quantum affordability as some of these units are bigger in size and hence could cost between $3m to $10m at least and so the lower Per square feet prices of CCR reflects this phenomenon of CCR having a lower price than OCR. All that glitters in OCR regions may not be gold, many people could be sitting on stagnant prices for many years.

If there is no recession, no economic boom, no further regulatory boosts or impediments, we expect property prices to soften about 10% based on current trend.

Good pickings will be in CCR areas for long term rental possibilities, capital downside protection as well as capital gains potential.

Historically, only in central location that you can find decent restaurant, well paid jobs, shopping mall, international schools, premium super market. Now its no longer the case and with more investment injected into regional center, properties around these area will sure to benefits.

As for CCR, its a big place, and there is a right and wrong side of CCR too. So its important to remember that in CCR, LH99 property are already selling >$4000psf.

[teddybear]

Right side of CCR selling at >$4000 psf?

So you are the one telling us that the right side OCR is worth >$1700 psf?

Wow! These people buying the "right side of OCR" will be crying come 2020!
Actually don't need to wait so long, 2016 we will see as OCR will crash, and the "right side of OCR" will crash much more than the "wrong side of OCR"!

Historically, only in central location that you can find decent restaurant, well paid jobs, shopping mall, international schools, premium super market. Now its no longer the case and with more investment injected into regional center, properties around these area will sure to benefits.

As for CCR, its a big place, and there is a right and wrong side of CCR too. So its important to remember that in CCR, LH99 property are already selling >$4000psf.

[Kelonguni]

To Jes7: consider and predict the relative prices of the small car and large/luxury car in SG, and I believe you will have your answer.