Page 7 of 30 FirstFirst ... 23456789101112172227 ... LastLast
Results 181 to 210 of 894

Thread: The Sea View (D15, Freehold, Wheelock Properties)

  1. #181
    Real Estate pundit Guest

    Default Latest transaction at The Sea View

    #14-08 1216sqft $1260psf $1,532,160 30Jun08
    #20-20 560sqft $1289psf $716,800 26 Jun08
    #03-15 1410sqft $1028psf $1,450,000 17Jun08
    #09-14 1647sqft $1450psf $2,388,150 13Jun08
    #12-21 1216sqft $1065psf $1,295,040 12Jun08
    #08-15 1410sqft $1100psf $1,551,000 10Jun08


    No transactions caveated between 1st to 11th july 2008.

    I wonder if the marginal owners are still holding out for $1,400psf?

  2. #182
    Uregistered Guest

    Talking

    Quote Originally Posted by oxboy99
    Just browsing the paper, I can see Anchorage across IKEA Alexander and near ABC market and Tiong Bahru for 1k psf without any negotiation. Why live so far from city when you can buy one 10 min from Orchard with potential for en bloc in future?

    But one bad thing is it's old and needs renovation... but I'm sure there are other places which are newer ard that area for ard that price if you want new...

    I think a more realistic/reasonable price would be 800psf for this area.
    keep dreaming and salivating - opp LH 99 Silver Sea laucnhing at min 1.5Kpsf

  3. #183
    Join Date
    Mar 2008
    Posts
    1,014

    Default

    Still waiting for the right time and price.

  4. #184
    Real Estate Pundit Guest

    Default

    Developer can launch at any price they want. Finding the buyer to pay for it is another issue.

    Can property prices continue to hold at current asking prices?

    Now you see big property investors unloading their investment units. Takral Land with many many units of The Sovereign for sale, currently built up to only 1.8 plot ratio too! And the latest is Straits Trading hoping to unload their many many units of Gallop Gables on Farrer Road........guess they not waiting for the MRT to be ready.

    Since the big boys are cashing out.....isn't this a sign?



    Quote Originally Posted by Uregistered
    keep dreaming and salivating - opp LH 99 Silver Sea laucnhing at min 1.5Kpsf

  5. #185
    East Lover 2 Guest

    Default

    Quote Originally Posted by Real Estate Pundit
    Developer can launch at any price they want. Finding the buyer to pay for it is another issue.

    Can property prices continue to hold at current asking prices?

    Now you see big property investors unloading their investment units. Takral Land with many many units of The Sovereign for sale, currently built up to only 1.8 plot ratio too! And the latest is Straits Trading hoping to unload their many many units of Gallop Gables on Farrer Road........guess they not waiting for the MRT to be ready.

    Since the big boys are cashing out.....isn't this a sign?
    Totally agree. The developer can ask any price, the owner can ask whatever high price they want, the question is: who want to buy?
    Noticed more and more foreigner went back, the rental will start to drop, how long can the owner hold?

  6. #186
    UPUP Guest

    Default

    Quote Originally Posted by East Lover 2
    Totally agree. The developer can ask any price, the owner can ask whatever high price they want, the question is: who want to buy?
    Noticed more and more foreigner went back, the rental will start to drop, how long can the owner hold?
    You wait long long la......

    Citi sees no oversupply of homes in next two years

    It estimates only 60% of the 30,000 units forecast will be completed, so fall in prices will be modest

    By Joyce Teo, Property Correspondent


    ANALYSTS from Citigroup have stuck their necks out to dismiss some market predictions of a crippling property glut in the next two years.

    Official figures show that around 30,000 homes will be completed in the next two years, but Citi reckons only around 60 per cent will likely be ready.

    If the bank's forecast is accurate, it could mean that downward pressure on prices will not be as great as some had feared.

    Citi's report on Singapore property, which came out on Tuesday, pointed to where previous predictions may have got it wrong.

    It stated that by the end of March, there were 6,000 collective sale units that had yet to be demolished.

    Some of the delays are because of legal challenges over sales, as well as developers extending lease periods for owners due to the weak primary market, Citi said.

    It estimated that there will be 8,200 units completed next year and 10,200 in 2010, assuming no further collective sales are done.

    These numbers are way below market expectations of 12,500 units next year and 17,500 units in 2010, it said.

    These higher supply numbers had led many experts to conclude that an oversupply was on the cards.

    But Citi stated: 'We have always argued that such estimates are not always accurate and they often get revised downward over time.'

    However, it did not elaborate further on the reasons for its lower supply projections.

    Knight Frank director of research and consultancy Nicholas Mak said the direct impact of the supply completion figures on prices is limited because most of these homes would already have been sold.

    But a large supply of homes for occupation would negatively affect rentals, and this would in turn hit prices, he added.

    Savills Singapore also believes the supply figures released by the Urban Redevelopment Authority are too high.

    Mr Ku Swee Yong, its director of marketing and business development, said completion delays in collective sales, as well as delayed launches, have not been factored in.

    'There are insufficient construction resources, which means there will likely be delays,' he added.

    'Prices of mid- to high-end properties will fall but not to the extent of the 30 per cent to 40 per cent drop predicted by some analysts.'

    Banks like Credit Suisse and Barclays Capital have forecast drops of up to 40 per cent in rents and prices, but Citi tips a fall of up to 30 per cent, and largely only in high-end homes.

    Citi expects this sector will suffer from falling demand, particularly as expatriates and locals keep downgrading.

    That will put downward pressure on rents of prime homes and further pressure on prices, it said.

    Citi also said a long downturn like the one that caught out many buyers in the late 1990s and early 2000s is unlikely.

    This is because resale volumes are still at above average levels, reflecting strong genuine demand. There is no sign of overbuilding or an overall housing shortage.

    Also, mass market homes remain highly affordable and are supported by high rental yields of more than 5 per cent, Citi said.

    'Due to the sharp rise, we believe high-end residential is likely to suffer the brunt of the 20 per cent to 30 per cent price decline while the mass market should remain fairly firm.'

    The mid-tier segment is likely to fall by 10 per cent to 20 per cent, it said. These are from a high base.

    Luxury home prices have surged by 149 per cent since the troughs in 2004.

    Prices in the mid-tier and mass-market segments rose by a still robust 79 per cent and 39 per cent respectively.

  7. #187
    Unregistered123 Guest

    Default

    Read carefully:

    Knight Frank director of research and consultancy Nicholas Mak said the direct impact of the supply completion figures on prices is limited because most of these homes would already have been sold.

    But a large supply of homes for occupation would negatively affect rentals, and this would in turn hit prices, he added.
    ...
    The mid-tier segment is likely to fall by 10 per cent to 20 per cent, it said. These are from a high base.

    SV is mid-tier right?

  8. #188
    Real Estate Pundit Guest

    Default

    I guess UPUP didn't see this posting by Mr Funny 1 hour ago.


    http://www.todayonline.com/articles/266757.asp

    Thursday, July 24, 2008

    Oversupply Worse than Expected?

    There is a distinct possibility of lower prices with so many developmentsset to be completed at the same time

    Colin Tan


    RECENT arguments against earlier predictions of a private housing oversupply are overblown, and cannot be further from the truth. In fact, those predicting an oversupply are probably understating their case. How bad the market fares will depend on the economy. But, leaving the economic factor aside, demand and supply factors alone dictate that the market has to correct in a significant way.

    But before we go into that, let us examine the construction bottleneck argument. It is claimed, with justification, that this will result in significant delays to future supply. By one industry estimate, only 60 per cent of the 30,000 units forecasted will be completed as scheduled.

    But when does completion date matter when new units these days are sold off-plan, even before construction starts? What will impact prices is surely the timing of the sale. Nothing can prevent all 30,000 units from flooding the market within the next 12 months if developers choose to launch. By the same token, nothing can force developers to sell if they don’t want to.

    It is easy to forget that there was very little new supply from September last year to May this year. But, in a matter of weeks, this number has probably tripled, or even quadrupled. A friend with an avid interest in properties remarked to me recently that he will need a few months just to visit all the show units.

    And while some have predicted a 30-to-40 per cent price correction for the luxury/upper-tier segment, it is interesting to note that this segment actually saw far fewer launches in the past weeks. So, in the current market, the luxury/upper tier segment actually faces less competition and hence, less pressure to lower prices. However, it does not mean it is in a healthier position, as buying for this segment has dwindled to a trickle.

    When does completion actually matter in the housing demand and supply equation? I would say, it is when the market is investor-dominated. When buying is mainly done by owner-occupiers, the moment a unit is sold, it is taken out of the supply equation. Supply gets depleted. This was the situation in the past. We determine whether the market is oversupplied or not by the amount of units left unsold versus potential demand.

    But, when the market is investor-dominated, sold units held by investors remain in the supply equation as investors need to sell onward to owner-occupiers or have them tenanted.

    By my conservative estimates, more than 50 per cent of the units sold in 2006 to 2007 were bought by investors. This is because the high prevailing prices then were beyond the affordability of most owner-occupiers. This is supported by a recent National University of Singapore study which showed that the affordability of owner-occupiers for private housing has declined significantly in recent years.

    Some projects, such as The Sail at Marina Bay, Marina Bay Residences and One Shenton, as well as those on Sentosa island, will most definitely have a higher proportion of investor buyers — as high as 60 to 80 per cent — because there are few of the amenities nearby, such as schools, which are usually desired by owner-occupiers, unless a case can be made out that the majority of units are holiday homes for the super-rich, or are bought by singles. For singles, their level of affordability is even lower.

    Between the second quarter of 2006 and third quarter of 2007, developers sold an astounding 22,651 units. This translates to an annual average pace of about 15,100 units, or about double the long-term average absorption rate of about 7,000 to 8,000 units. Conservatively, this means at least 12,000 “sold” units remain in the supply equation.

    When these investor-owned units are completed, someone has to occupy them. If rentals then cannot cover mortgage payments and if owners are highly-geared, they will have to contemplate selling the units sooner or later.

    If more owners are in the same predicament, the competition to sell will result in lower prices.


    The writer is head of research at Chesterton International.

  9. #189
    Join Date
    Jun 2008
    Posts
    62

    Default Might as well buy the Sail

    Quote Originally Posted by Uregistered
    keep dreaming and salivating - opp LH 99 Silver Sea laucnhing at min 1.5Kpsf
    Uh... are u kidding?

    I can get The Sail for that price and I get a view of the IR - the cheapest in the paper is 1.6kpsf for The Sail in ****ing Raffles Place with covered walkway to the MRT. Can you beat that?!

    And the price will only go up for The Sail while the launch of Silversea will only drag down Seaview and One Amber prices once the area over saturates. Oh wait... judging from the traffic jams.... it already has!

  10. #190
    UpUp Guest

    Default

    Quote Originally Posted by Real Estate Pundit
    I guess UPUP didn't see this posting by Mr Funny 1 hour ago.


    http://www.todayonline.com/articles/266757.asp

    Thursday, July 24, 2008

    Oversupply Worse than Expected?

    There is a distinct possibility of lower prices with so many developmentsset to be completed at the same time

    Colin Tan


    RECENT arguments against earlier predictions of a private housing oversupply are overblown, and cannot be further from the truth. In fact, those predicting an oversupply are probably understating their case. How bad the market fares will depend on the economy. But, leaving the economic factor aside, demand and supply factors alone dictate that the market has to correct in a significant way.

    But before we go into that, let us examine the construction bottleneck argument. It is claimed, with justification, that this will result in significant delays to future supply. By one industry estimate, only 60 per cent of the 30,000 units forecasted will be completed as scheduled.

    But when does completion date matter when new units these days are sold off-plan, even before construction starts? What will impact prices is surely the timing of the sale. Nothing can prevent all 30,000 units from flooding the market within the next 12 months if developers choose to launch. By the same token, nothing can force developers to sell if they don’t want to.

    It is easy to forget that there was very little new supply from September last year to May this year. But, in a matter of weeks, this number has probably tripled, or even quadrupled. A friend with an avid interest in properties remarked to me recently that he will need a few months just to visit all the show units.

    And while some have predicted a 30-to-40 per cent price correction for the luxury/upper-tier segment, it is interesting to note that this segment actually saw far fewer launches in the past weeks. So, in the current market, the luxury/upper tier segment actually faces less competition and hence, less pressure to lower prices. However, it does not mean it is in a healthier position, as buying for this segment has dwindled to a trickle.

    When does completion actually matter in the housing demand and supply equation? I would say, it is when the market is investor-dominated. When buying is mainly done by owner-occupiers, the moment a unit is sold, it is taken out of the supply equation. Supply gets depleted. This was the situation in the past. We determine whether the market is oversupplied or not by the amount of units left unsold versus potential demand.

    But, when the market is investor-dominated, sold units held by investors remain in the supply equation as investors need to sell onward to owner-occupiers or have them tenanted.

    By my conservative estimates, more than 50 per cent of the units sold in 2006 to 2007 were bought by investors. This is because the high prevailing prices then were beyond the affordability of most owner-occupiers. This is supported by a recent National University of Singapore study which showed that the affordability of owner-occupiers for private housing has declined significantly in recent years.

    Some projects, such as The Sail at Marina Bay, Marina Bay Residences and One Shenton, as well as those on Sentosa island, will most definitely have a higher proportion of investor buyers — as high as 60 to 80 per cent — because there are few of the amenities nearby, such as schools, which are usually desired by owner-occupiers, unless a case can be made out that the majority of units are holiday homes for the super-rich, or are bought by singles. For singles, their level of affordability is even lower.

    Between the second quarter of 2006 and third quarter of 2007, developers sold an astounding 22,651 units. This translates to an annual average pace of about 15,100 units, or about double the long-term average absorption rate of about 7,000 to 8,000 units. Conservatively, this means at least 12,000 “sold” units remain in the supply equation.

    When these investor-owned units are completed, someone has to occupy them. If rentals then cannot cover mortgage payments and if owners are highly-geared, they will have to contemplate selling the units sooner or later.

    If more owners are in the same predicament, the competition to sell will result in lower prices.


    The writer is head of research at Chesterton International.
    Private homes to take a slower road to completion

    Many units pushed back as costs rise and sentiment falters
    The latest news is good or bad - depending on your point of view. Official data now shows that the number of private homes that could be completed by end-2011 may be less than previously thought - which means residential rental and capital values could hold better than expected.

    Urban Redevelopment Authority’s (URA) latest Q2 figures, based on quarterly surveys of developers, showed that 46,480 private homes are expected to be completed between Q3 2008 and end-2011. This figure is 18 per cent - or 10,021 units - lower than the figure of 56,501 units slated for completion between Q2 2008 and 2011 listed in URA’s Q1 data.
    Of these, 2,587 units were completed in the second quarter and have hence been removed from the supply pipeline, URA explained. Other completions have been put on hold as some developments have been postponed - as seen in the case of some en bloc sale sites. Rising construction costs and cautious market sentiment have delayed the construction of other projects.
    Notwithstanding this, URA highlighted that the total supply of new private homes in the pipeline stood at 67,569 units as at end-Q2 2008 - about the same as 67,736 units at end-Q1. However, more of these units may now see completion after 2011.

    Some industry players welcomed the latest figures, which will hopefully clear up some of the question marks about home completions.
    Knight Frank managing director Tan Tiong Cheng said: ‘Rents should hold better and capital values should also hold slightly better. Basically the window widens for those who’ve bought homes earlier on deferred payment schemes to clear their purchases if their units are in projects whose completions are being delayed. In short, there should be less panic selling.’
    Typically, deferred payment schemes - scrapped since last October - expire when a project is completed, which is when buyers have to pay the bulk of their purchase price to developers. As a result, ’specuvestors’ tend to offload their units in projects before they are completed.
    However, Mr Tan also pointed to a potential downside for developers whose projects are in the immediate vicinities of condos sold earlier. ‘As a developer, I face competition for sellers from those specuvestors who’ve bought in nearby projects for a longer period now if the project completions are delayed.’
    URA’s price index for non-landed private homes in Core Central Region (CCR) dipped 0.1 per cent in Q2 over the preceding quarter - for the first time since Q1 2004, the earliest period for which such data is available.
    The Q2 decline in CCR - which includes the prime districts 9, 10 and 11, the financial district and Sentosa Cove - came on the back of a 0.5 per cent drop in the price index for uncompleted homes in the region; the index for completed homes rose 0.3 per cent.
    Non-landed home price index (overall, covering both completed and uncompleted units) rose 0.7 per cent in Q2 for Rest of Central Region and by 0.9 per cent in Outside Central Region.
    URA’s headline islandwide price index for private homes (landed and non-landed) inched up 0.2 per cent quarter on quarter in Q2 - weaker than the 0.4 per cent flash estimate rise announced earlier this month. The index has risen 3.9 per cent in the first half from the end-2007 level - after escalating 31.2 per cent for the whole of 2007.
    Looking ahead, CB Richard Ellis executive director Li Hiaw Ho said: ‘Correction of residential prices, to the tune of 5 to 10 per cent in H2 2008, will be inevitable but is likely to vary according to location, product type and target market’, citing the continued toll of the sub-prime mortgage meltdown on the global economy and high inflation.
    Developers sold a total 1,525 private homes in Q2, double the Q1 volume. But overall in H1 2008, they have sold only 2,287 units, which is around just one quarter of the 9,912 units developers sold in the same period last year.
    The total number of subsale transactions - often seen as a proxy for speculative activity - rose 10.6 per cent quarter on quarter to 440. Leading the pack was the Outside Central Region (OCR), where subsale volume jumped 39 per cent to 154 units. Subsales in Q2 made up 8.1 per cent of private home deals in the region, which includes mass-market locations, up from 6.7 per cent in Q1.
    URA said that examples of projects that saw significant subsales in OCR in Q2 include The Centris in Jurong (15 units) and The Raintree near Bukit Timah Nature Reserve (16 units). Analysts say that The Calrose in Yio Chu Kang and Varsity Park Condo also saw at least 10 subsales each in Q2.
    Some of these projects have either received Temporary Occupation Permit or will be getting it soon; investors tend to sell off units shortly before or after a project gets TOP as buyers are willing to pay a slightly higher price then, because units can be immediately rented, analysts noted.

  11. #191
    AgentKoh Guest

    Default

    Quote Originally Posted by UpUp
    Private homes to take a slower road to completion

    Many units pushed back as costs rise and sentiment falters
    The latest news is good or bad - depending on your point of view. Official data now shows that the number of private homes that could be completed by end-2011 may be less than previously thought - which means residential rental and capital values could hold better than expected.

    Urban Redevelopment Authority’s (URA) latest Q2 figures, based on quarterly surveys of developers, showed that 46,480 private homes are expected to be completed between Q3 2008 and end-2011. This figure is 18 per cent - or 10,021 units - lower than the figure of 56,501 units slated for completion between Q2 2008 and 2011 listed in URA’s Q1 data.
    Of these, 2,587 units were completed in the second quarter and have hence been removed from the supply pipeline, URA explained. Other completions have been put on hold as some developments have been postponed - as seen in the case of some en bloc sale sites. Rising construction costs and cautious market sentiment have delayed the construction of other projects.
    Notwithstanding this, URA highlighted that the total supply of new private homes in the pipeline stood at 67,569 units as at end-Q2 2008 - about the same as 67,736 units at end-Q1. However, more of these units may now see completion after 2011.

    Some industry players welcomed the latest figures, which will hopefully clear up some of the question marks about home completions.
    Knight Frank managing director Tan Tiong Cheng said: ‘Rents should hold better and capital values should also hold slightly better. Basically the window widens for those who’ve bought homes earlier on deferred payment schemes to clear their purchases if their units are in projects whose completions are being delayed. In short, there should be less panic selling.’
    Typically, deferred payment schemes - scrapped since last October - expire when a project is completed, which is when buyers have to pay the bulk of their purchase price to developers. As a result, ’specuvestors’ tend to offload their units in projects before they are completed.
    However, Mr Tan also pointed to a potential downside for developers whose projects are in the immediate vicinities of condos sold earlier. ‘As a developer, I face competition for sellers from those specuvestors who’ve bought in nearby projects for a longer period now if the project completions are delayed.’
    URA’s price index for non-landed private homes in Core Central Region (CCR) dipped 0.1 per cent in Q2 over the preceding quarter - for the first time since Q1 2004, the earliest period for which such data is available.
    The Q2 decline in CCR - which includes the prime districts 9, 10 and 11, the financial district and Sentosa Cove - came on the back of a 0.5 per cent drop in the price index for uncompleted homes in the region; the index for completed homes rose 0.3 per cent.
    Non-landed home price index (overall, covering both completed and uncompleted units) rose 0.7 per cent in Q2 for Rest of Central Region and by 0.9 per cent in Outside Central Region.
    URA’s headline islandwide price index for private homes (landed and non-landed) inched up 0.2 per cent quarter on quarter in Q2 - weaker than the 0.4 per cent flash estimate rise announced earlier this month. The index has risen 3.9 per cent in the first half from the end-2007 level - after escalating 31.2 per cent for the whole of 2007.
    Looking ahead, CB Richard Ellis executive director Li Hiaw Ho said: ‘Correction of residential prices, to the tune of 5 to 10 per cent in H2 2008, will be inevitable but is likely to vary according to location, product type and target market’, citing the continued toll of the sub-prime mortgage meltdown on the global economy and high inflation.
    Developers sold a total 1,525 private homes in Q2, double the Q1 volume. But overall in H1 2008, they have sold only 2,287 units, which is around just one quarter of the 9,912 units developers sold in the same period last year.
    The total number of subsale transactions - often seen as a proxy for speculative activity - rose 10.6 per cent quarter on quarter to 440. Leading the pack was the Outside Central Region (OCR), where subsale volume jumped 39 per cent to 154 units. Subsales in Q2 made up 8.1 per cent of private home deals in the region, which includes mass-market locations, up from 6.7 per cent in Q1.
    URA said that examples of projects that saw significant subsales in OCR in Q2 include The Centris in Jurong (15 units) and The Raintree near Bukit Timah Nature Reserve (16 units). Analysts say that The Calrose in Yio Chu Kang and Varsity Park Condo also saw at least 10 subsales each in Q2.
    Some of these projects have either received Temporary Occupation Permit or will be getting it soon; investors tend to sell off units shortly before or after a project gets TOP as buyers are willing to pay a slightly higher price then, because units can be immediately rented, analysts noted.
    Prices are sinking. SELL before too late

  12. #192
    11 Guest

    Default

    Privatehousing market colleapsing very soon, by end year prices will go down by at least 30%, why buy anything now?

  13. #193
    Join Date
    May 2008
    Posts
    177

    Default

    Referencing an article by Fiona on todays news paper. It was quoted The Seaview rental has no demand.

    I am skeptical as it usually take a while for a newly TOP project to fill up, especially for larger projects and Seaview is pretty large.

    Any owner like to share his situation?

  14. #194
    Unreg¡stered Guest

    Default

    Quote Originally Posted by 11
    Privatehousing market colleapsing very soon, by end year prices will go down by at least 30%, why buy anything now?
    You say going down by 30%.
    They say going up by 30%.
    All are talking cock cos' talk cock is free.

    That's why people are ignoring all these going down/up cocks and still buying based on their own analysis.

  15. #195
    Unreg¡stered Guest

    Default

    Quote Originally Posted by AgentKoh
    Prices are sinking. SELL before too late
    You say sinking.
    AgentHo says rising.
    Both of you are talking cock cos' talk cock is free.

    That's why people are ignoring the Koh's and Ho's cocks and buying based on their own analysis.

  16. #196
    Unregistered1 Guest

    Default

    Record 13,400 homes to be completed next year
    Rents expected to fall, especially in prime districts and East Coast. Fiona Chan reports.

    Next year is likely to be a bad one for landlords.
    A bumper crop of newly completed homes is scheduled to flood the market, making more apartments available for rent and pushing down rents, which saw record rises last year.

    And with lower rents, private home prices - which industry observers say have reached their peak - may drop further, especially those in the prime districts.

    A massive 13,399 new private homes will be ready for occupation next year. This is double the average in recent years and the most in a single year, according to property consultancy CB Richard Ellis (CBRE).

    Official supply numbers show 10,500 completions next year and 11,800 the year after, but CBRE's analysis, based on construction progress and delays, reveals more completions next year.

    It expects this new supply to depress rents by 5 to 10 per cent on average next year, coming on top of a global economic slowdown that might lead firms to hire fewer expatriates, the main source of tenants.

    In the prime areas, rents could slide up to 15 per cent next year, on top of a decline that has already begun this year, predicted CBRE.

    Popular rental areas such as the East Coast and Orchard will be among the worst hit as keen demand for homes there in recent years led developers to build aggressively.

    An 'alarming' 3,341 new homes will be completed in the East Coast next year, double the number this year, CBRE said. Major projects in the area, which covers Katong and Marine Parade to Bedok and Changi, include the 562-unit One Amber and the 556-unit Casa Merah.

    In the prime districts 9, 10 and 11, some 4,240 homes will be ready in areas such as Orchard, Holland, River Valley, Tanglin and Newton. RiverGate, with 545 units, is the biggest condominium scheduled to open its doors.

    Suburban areas will also see a large jump in finished homes next year. In the north and north-west, for example, there will be 10 times more than this year.

    But this is unlikely to result in a glut or lower rents as most suburban home buyers intend to occupy their units.

    Property experts warn that many major prime projects to be ready this year and next are those that had attracted investors rather than owner-occupiers, which means their units will add to the rental supply.

    'Some big condos in the downtown areas have a higher proportion of investors,' said Mr Colin Tan of property firm Chesterton International. These include the 1,111-unit Sail @ Marina Bay, which will be fully completed by the end of this year, and the 312-unit Clift in McCallum Road, expected next year.

    'We don't even have to wait for the 14,000 homes next year; rents are already moderating and should come down in the third quarter,' he said, adding that landlords are lowering their asking rentals.

    He cited the case of The Sea View in Amber Road, whose 546 units were completed this year. 'I asked someone there, how are the rents? He said: 'I'm not sure really, there's no demand'.'

    This will be welcome news for renters, who have had to face ever-increasing rents over the last two years.

    Rents have shot up 60 per cent on average since 2006 and even doubled in some places, thanks to an influx of expats and a shortage of rental homes.

    For example, in Cuscaden Residences in the Tanglin area, a typical 1,485 sq ft unit could fetch $9,200 in monthly rents last year, from about $6,500 in 2005. This year, it has fallen to $8,100, according to recent reports. Next year, it could fall by another 10 per cent to $7,300, if CBRE's predictions come true.

    Entrepreneur Sebastien Dechamps, 29, who came here from France three years ago and started a website for expatriates, said high rents have seen more expatriates moving away from the city to places in the north and the east.

    'The fall in rental prices is definitely good news. It might encourage expats to move to the city, which is great because they can put more vibrancy back into the city and into its nightlife,' he said.

    A fall in rentals generally leads to a fall in home prices for two reasons: landlords, less able to service their mortgages, are willing to let go of their units more cheaply, while would-be investors will only pay as much as a home can fetch in rents.

    The supply situation is not likely to improve beyond 2010: The latest official data shows that apart from the 21,000 or so homes to be completed over the next two years, there are another 20,000 homes scheduled to be built in 2011.

    But Savills Singapore's director of business development and marketing, Mr Ku Swee Yong, is still optimistic.

    He expects higher than average housing demand during 'the next few years of growth', and believes that after accounting for demolitions of collective sale estates, the 'net supply should be balanced by demand'.

    Source: Straits Times

  17. #197
    Unregistered1 Guest

    Default No demand in rents @ SV?

    ***
    He cited the case of The Sea View in Amber Road, whose 546 units were completed this year. 'I asked someone there, how are the rents? He said: 'I'm not sure really, there's no demand'.'
    ***
    How true is it? what's the impact?

  18. #198
    abc Guest

    Cool

    Quote Originally Posted by Unregistered1
    ***
    He cited the case of The Sea View in Amber Road, whose 546 units were completed this year. 'I asked someone there, how are the rents? He said: 'I'm not sure really, there's no demand'.'
    ***
    How true is it? what's the impact?
    Alamak, this clown asked the cleaning aunty / uncle, sure they tell them....don't know lah!!!

    Go and do your professional self a favour, ask the right sources and do the your sum right. So many units are now rented out. Mine and my next door neighbor oso rented out. What nonsense this lazy reporter said, no demand.

  19. #199
    vino Guest

    Default

    Quote Originally Posted by abc
    Alamak, this clown asked the cleaning aunty / uncle, sure they tell them....don't know lah!!!

    Go and do your professional self a favour, ask the right sources and do the your sum right. So many units are now rented out. Mine and my next door neighbor oso rented out. What nonsense this lazy reporter said, no demand.
    Rental demand is definitely there, is a matter of what price only. If owner ask sky high rental then good luck to you. Some expats are downgrading by moving to outskirts already. There's a limit to everything, for property owners who think Singapore is different becoz of blah blah blah then may your luck be with you.

  20. #200
    abc Guest

    Cool

    Quote Originally Posted by vino
    Rental demand is definitely there, is a matter of what price only. If owner ask sky high rental then good luck to you. Some expats are downgrading by moving to outskirts already. There's a limit to everything, for property owners who think Singapore is different becoz of blah blah blah then may your luck be with you.
    Just to let you know, rented out above $7,500k for 4 rm units (unfurnished). Likewise for my next door unit. Is this high or low? On top of that, when I go back to Seaview, I can see many expats with agents, looking for rental.

    Yeah, expats are moving to D15, East Coast side. Even my landed property next door negihbor rented out to CEO.....he shifted from D11. So, agreed with you, those D9,10,11 are shifting to D15. In short, actually, The Seaview benefited from the shift.....D9,10,11.

    Those shifted to outskirts are on the small budget. Good for everyone, at least those in the outskirts also got expats. Wonderful!

  21. #201
    where Guest

    Default

    Quote Originally Posted by smartinvest
    Maron Please read earlier reply before anyhow post

    Originally Posted by ocean
    35, AMBER RD, 14-15
    Project Name : THE SEA VIEW Postal (Old/New) : 1543/439945
    Contract Date : 29/05/2008 Floor (Area/Rate) : 1410 S.F / $ 722 P.S.F
    Property Type : APT Land (Area/Rate) : S.F / P.S.F
    Tenure : FH Price : $ 1,018,302
    how do u retrieve this information? from URA website?

  22. #202
    vino Guest

    Default

    Quote Originally Posted by abc
    Just to let you know, rented out above $7,500k for 4 rm units (unfurnished). Likewise for my next door unit. Is this high or low? On top of that, when I go back to Seaview, I can see many expats with agents, looking for rental.

    Yeah, expats are moving to D15, East Coast side. Even my landed property next door negihbor rented out to CEO.....he shifted from D11. So, agreed with you, those D9,10,11 are shifting to D15. In short, actually, The Seaview benefited from the shift.....D9,10,11.

    Those shifted to outskirts are on the small budget. Good for everyone, at least those in the outskirts also got expats. Wonderful!
    To really assess how good is your rental, do you mind me asking what's your purchase price for this 4 rooms unit?

  23. #203
    Join Date
    Jun 2008
    Posts
    62

    Default Renting Seaview???

    Why rent a 4 bedroom at Marine Parade and have to travel via car or bus for $7,500?

    You can get a 3 bedroom at Dhoby Ghout for the same and use MRT with Carrefour next door and Orchard 5 min walk. More eco-friendly, right?

    It's so good that I'm thinking of renting out mine... any agents here interested?

  24. #204
    cl0ver Guest

    Default

    interesting article on rents in TODAY.
    i doubt all this high rentals will hold any longer...

  25. #205
    Desperated Seaview Owner Guest

    Default

    Quote Originally Posted by abc
    Just to let you know, rented out above $7,500k for 4 rm units (unfurnished). Likewise for my next door unit. Is this high or low? On top of that, when I go back to Seaview, I can see many expats with agents, looking for rental.

    Yeah, expats are moving to D15, East Coast side. Even my landed property next door negihbor rented out to CEO.....he shifted from D11. So, agreed with you, those D9,10,11 are shifting to D15. In short, actually, The Seaview benefited from the shift.....D9,10,11.

    Those shifted to outskirts are on the small budget. Good for everyone, at least those in the outskirts also got expats. Wonderful!
    Forget it! There are a few desperated seaview owner here, anyhow bluff, super defensive!

    Are you sure got ppl willing to pay so much? and for how long? the same price can find a good place in better districts already! Time changed already, bro! Don't forget your shoebox size bedroom! Are you sure ur big size expats can squeeze in?

  26. #206
    Desperated Seaview Owner Guest

    Default S'pore jobless rate at 1-year high, seen rising

    SINGAPORE - Singapore's jobless rate rose to a one-year high as firms slowed hiring amid choppy financial markets and a weakening global economy, and analysts warned that unemployment may climb in coming months.
    The service sector added 37,600 workers, down from the gains of 46,500 in the first quarter but still slightly higher than 36,800 in the second quarter last year

    The jobless rate rose to 2.3 per cent in the April-June period after seasonal adjustments, compared to 2 per cent in the previous quarter, the Ministry of Manpower said in preliminary data on Thursday.

    Employment rose by 70,600 in the second quarter, slowing from a rise of 73,200 in the January-March period.

    Economists said the rising jobless rate was evidence that the economic slowdown had extended beyond economic data and was spreading into the real economy, although Singapore's labour market is still expected to remain tight this year.

    'The labour market is going to soften as growth...slows,' said Irvin Seah, an economist at DBS. 'We don't expect a sharp rise in retrenchments but things are going to move along at a slower pace.'

    Economists said the tight labour market - the unemployment rate was at a 10-year low in the fourth quarter - may fuel price pressures in Singapore where inflation is at a 26-year high.

    'The labour market is still tight but it is moving towards a more sustainable pace that will soften the margin squeeze on companies,' Mr Seah said.

    The booming construction industry created a record 22,100 jobs in the second quarter, compared to 14,500 in the first three months of the year, as building deals carried over from last year's red-hot property market - which has since cooled - continued to fuel activity.

    Services, which includes the key financial sector, added 37,600 jobs in the April-June period, slowing from the first quarter when 46,500 jobs were created.

    Employment in manufacturing rose by 10,200, down from an increase of 11,800 in the first quarter.

    Retrenchments in Singapore fell to 1,900 in the second quarter from 2,274 in the previous quarter.

    Heng Swee Keat, Singapore's central bank chief, said this month unemployment rate is seen at 2 per cent for 2008.

    Economies across Asia are expected to slow this year as growth in the key US and Europe export markets weaken, while demand in emerging markets are not as strong as hoped.

    Singapore's trade-driven economy, a barometer for global demand for Asian exports, shrank an annualised and seasonally adjusted 6.6 per cent in the second quarter, its biggest contraction in five years.

  27. #207
    Desperated Seaview Owner Guest

    Default

    Quote Originally Posted by Desperated Seaview Owner
    Forget it! There are a few desperated seaview owner here, anyhow bluff, super defensive!

    Are you sure got ppl willing to pay so much? and for how long? the same price can find a good place in better districts already! Time changed already, bro! Don't forget your shoebox size bedroom! Are you sure ur big size expats can squeeze in?
    sorry, I am very bullish lah...wrong opinion posted

  28. #208
    Desperated Seaview Owner Guest

    Default Don't buy Seaview now - too high

    Eventhough I'm so desperated, I still would like to share this valuable article copied from other thread, in conclusion, SV is too high to buy now, trust me.

    *********
    Investing in Property: Hedge against Inflation ?

    One of the strongest argument for buying property now, even though property price is obviously high, is that buying a property can help one to hedge against inflation. People who hold dear to this argument would typically quote the success story of their parents who bought landed properties in the 1970s at a few thousand and of course, these properties are worthed millions today. A very convincing argument it seems. I remember how friends who bought properties in the mid 90s' peak put forward the same argument too. But then, we all know, today, more than 10 years later, they are still holding on to a negative asset.


    Buying property to hedge against inflation makes sense only if the entry price is right

    Property investment as a hedge against inflation does not justify any entry price for property, which is what the advocates of this argument is trying to suggest. "It's ok to buy now even though property price is high," argued the advocates diligently, "because property price will still go up in 30 years time."

    Consider: The Higher Your Entry Price, The Bigger Your Mortgage, The Bigger Your Risk

    Mortgage brings with it the risk of not being able to service the loans and sufferring a bank foreclosure. You could lose all your life savings and being in debt for the rest of your life. So what's the advice ?", you ask. Well, you can buy a property to hedge against inflation, but first of all, consider the affordability.

    Consider: Affordability's The Overriding Consideration

    You read about the success stories of property investors. Do you know there are property investments that have gone very wrong, stories with sad endings? I do, I still see friends who lost everything in the property market during the 1998's market crash living with the misery of a bad property investment. They are bankrupts. Their health have failed. They brought misery to themselves and their families. One has gone senile, leaving his family to worry about the bank loans who has to hide what little money they can earn. It's a story of glory to rag.

    Consider: With Mortgage Interest & Forgone Deposit Interest taken account, you may actually be paying 200% for your property.


    Often people look at the property price as what they've paid at the time of purchase but really it costs much more than that when the mortgage interest and forgone interests from CPF and FD are taken into account. If the total amount you paid ends up to be 200% of the purchase price, then unless your property value (including rental yield) increases by more than 200% in the same period, you're actually still having a negative asset.

    Consider: Property Depreciation Over Time

    Property value depreciates with age, and especially for 99-leasehold properties. So for those who justify buying property at the current high price, you may also want to consider the property depreciation over time.


    Consider: "BUY LOW, SELL HIGH" Strategy

    A Smart Buyer wrote, "Property price goes up and down .. clever buyers will aim to buy at the low point of each cycle, even if property price is on the upward trend in the long run, .. now with so many bad news, a down cycle is more likely in the near future .. population growth to 6.5 million is over 50 years lah, no need to be so kan cheong... besides developers asking prices are already 10 years ahead .. "

    Happy is the man who buy low, sell high.

    Yet another wrote, "Being in the property industry myself, I have got the opportunities to meet people whom I really considered them as investors... these are the people who are capable of earning a gain of over 30% in merely 2 years.... i have met them so i believe its true and possible... *salute their far sightedness*. So what is their winning strategy? It's exactly: buy low & sell high".

    The "BUY LOW, SELL HIGH" strategy not only brings higher return on your property asset, it also brings less risk since you buy low, and hence, less worries and more likely, a happier life.

    The question therefore is not whether buying property can hedge against inflation, but when are lows and highs of the property cycles.

  29. #209
    Stoop Guest

    Default

    Quote Originally Posted by Desperated Seaview Owner
    Eventhough I'm so desperated, I still would like to share this valuable article copied from other thread, in conclusion, SV is too high to buy now, trust me.

    *********
    Investing in Property: Hedge against Inflation ?

    One of the strongest argument for buying property now, even though property price is obviously high, is that buying a property can help one to hedge against inflation. People who hold dear to this argument would typically quote the success story of their parents who bought landed properties in the 1970s at a few thousand and of course, these properties are worthed millions today. A very convincing argument it seems. I remember how friends who bought properties in the mid 90s' peak put forward the same argument too. But then, we all know, today, more than 10 years later, they are still holding on to a negative asset.


    Buying property to hedge against inflation makes sense only if the entry price is right

    Property investment as a hedge against inflation does not justify any entry price for property, which is what the advocates of this argument is trying to suggest. "It's ok to buy now even though property price is high," argued the advocates diligently, "because property price will still go up in 30 years time."

    Consider: The Higher Your Entry Price, The Bigger Your Mortgage, The Bigger Your Risk

    Mortgage brings with it the risk of not being able to service the loans and sufferring a bank foreclosure. You could lose all your life savings and being in debt for the rest of your life. So what's the advice ?", you ask. Well, you can buy a property to hedge against inflation, but first of all, consider the affordability.

    Consider: Affordability's The Overriding Consideration

    You read about the success stories of property investors. Do you know there are property investments that have gone very wrong, stories with sad endings? I do, I still see friends who lost everything in the property market during the 1998's market crash living with the misery of a bad property investment. They are bankrupts. Their health have failed. They brought misery to themselves and their families. One has gone senile, leaving his family to worry about the bank loans who has to hide what little money they can earn. It's a story of glory to rag.

    Consider: With Mortgage Interest & Forgone Deposit Interest taken account, you may actually be paying 200% for your property.


    Often people look at the property price as what they've paid at the time of purchase but really it costs much more than that when the mortgage interest and forgone interests from CPF and FD are taken into account. If the total amount you paid ends up to be 200% of the purchase price, then unless your property value (including rental yield) increases by more than 200% in the same period, you're actually still having a negative asset.

    Consider: Property Depreciation Over Time

    Property value depreciates with age, and especially for 99-leasehold properties. So for those who justify buying property at the current high price, you may also want to consider the property depreciation over time.


    Consider: "BUY LOW, SELL HIGH" Strategy

    A Smart Buyer wrote, "Property price goes up and down .. clever buyers will aim to buy at the low point of each cycle, even if property price is on the upward trend in the long run, .. now with so many bad news, a down cycle is more likely in the near future .. population growth to 6.5 million is over 50 years lah, no need to be so kan cheong... besides developers asking prices are already 10 years ahead .. "

    Happy is the man who buy low, sell high.

    Yet another wrote, "Being in the property industry myself, I have got the opportunities to meet people whom I really considered them as investors... these are the people who are capable of earning a gain of over 30% in merely 2 years.... i have met them so i believe its true and possible... *salute their far sightedness*. So what is their winning strategy? It's exactly: buy low & sell high".

    The "BUY LOW, SELL HIGH" strategy not only brings higher return on your property asset, it also brings less risk since you buy low, and hence, less worries and more likely, a happier life.

    The question therefore is not whether buying property can hedge against inflation, but when are lows and highs of the property cycles.
    The thing is one man's high is another man's low leh....

  30. #210
    Unegistered Guest

    Default

    If u say dont buy SeaView now - then what price do u think is right to buy at ?

    If u look at neighbouring ppty Amber Residence launch also at 1.5kpsf, Parc SeaBreeze also at similar price and they have stop sales due to market
    sentiment.

    FE plan to launch SS at 1.5k psf up for its 99yr LH

    Another 99yr LH Cote asking 1K psf onwards

    So your basis for just making sweeping statements doesnt hold any water....

Similar Threads

  1. Replies: 19
    -: 19-03-12, 14:20
  2. CEO of Wheelock Properties dies
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 1
    -: 11-03-12, 19:28
  3. Ardmore II (D10, Freehold, Wheelock Properties)
    By bananarama in forum District 10
    Replies: 40
    -: 08-03-11, 14:41
  4. Orchard View (D9, Freehold, Wheelock Properties)
    By meesiammaihum in forum District 9
    Replies: 25
    -: 18-02-10, 09:27
  5. Wheelock to launch Orchard View in Q1
    By mr funny in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 20-01-10, 11:02

Posting Permissions

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