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WHAT IS SINGAPORE PROPERTY MARKET TREND?

Is the COVID-19 Pandemic affecting Singapore property market? In this pandemic period, is it a good time to buy a property in Singapore? Share your opinion with me at Contact 91822516 or have a good read from this news article dated 10 May 2020.

May 2020 – Singapore government, MND Ministry of National Development, announces COVID-19 Temporary Relief Measures for residential buyers and residential, commercial and/or industrial developers. These Temporary Relief Measures includes (i) extension of Project Completion Period (PCP); (ii) extension of time for commencement and completion of residential development, and sale of housing unit; (iii) extension of the PCP and/or disposal period; (iv) extension of time for remission of ABSD; For details, please read MND announcements.

In Feb 2020, the first executive condominium (EC) at Canberra Walk, named Parc Canberra, is launch for sale from $8xxk onwards. In 2021, Parc Canberra executive condominium (EC) is almost fully sold. To meet the supply of new executive condominium (EC), Provence Residence at Canberra and Parc Greenwich at Fernvale Lane are available for sale in 2021.

In September 2019, there is a change to executive condominium (EC) eligibility criteria. HDB increase the income ceiling from $14,000 to $16,000 gross monthly household income. Contact 91822516 for updated executive condominium (EC) eligibility criteria.

What is the property cooling measures that is in place? 6 July 2018, new cooling measures on Higher Additional Buyers’ Stamp Duty (ABSD) rates and tighter loan limits was announced. Will EC buyers be affected by this 2018 property cooling measures? Contact 91822516 for further discussion.

Rates and Computation

 Profile of BuyerABSD Rates from 8 Dec 2011 to 11 Jan 2013ABSD Rates from 12 Jan 2013 to 5 Jul 2018ABSD Rates on/ after 6 Jul 2018
Singapore Citizens (SC) buying first residential property1 Not applicable  Not applicable  Not applicable
SC buying second residential property1 Not applicable  7%12%
SC buying third and subsequent residential property1 3% 10%15%
Singapore Permanent Residents (SPR) buying first residential property1 Not applicable  5% 5%
SPR buying second and subsequent residential property1 3%  10% 15%
Foreigners (FR) buying any residential property 10%15%  20%

What are the upcoming executive condominium (EC) launching in Singapore?

Below is list of new launch executive condominium (EC)

LocationDeveloperDevelopment NameLand SizeLand Cost $/psf ppr
Sumang Walk CDL Constellation and TID Residential Piermont Grand 27,056 sqm / 291,230 sqft  S$583 psf ppr
Canberra LinkHoi Hup Realty and Sunway Developments Parc Canberra18,4040 sqm / 194,187 sqftS$558 psf ppr
Anchorvale Crescent Evia Real Estate and Gamuda (Singapore)OLA 17,137 sqm / 184,462 sqft S$576 psf ppr
Tampines Ave 10Hoi Hup Realty Pte Ltd and
Sunway Developments Pte Ltd
Parc Central Residences24,938 sqm / 268,432 sqftS$578 psf ppr
Canberra LinkMCC Land (S) Pte LtdProvence Residence16,690 sqm / 176,651 sqftS$566 psf ppr
Fernvale LaneFCL Lodge Pte LtdParc Greenwich17,129 sqm / 184,386 sqftS$555 psf ppr
Yishun Avenue 9Sing Holdings LtdTBA21, 514 sqm / 231,576 sqftS$576 psf ppf
Tengah Garden WalkTaurus Properties
SG Pte. Ltd
TBA22,020.8 sqm / 237,031 sqftS$603 psf ppr
Tampines Street 62QJ-OS Pte. Ltd.
and Santarli Realty
Pte. Ltd.
TBA23,799 sqm / 256,175 sqftS$658 psf ppr

You may also log on to HDB website to view list of new executive condominium launches. Contact 91822516 for further discussion.

WHAT ARE THE NEW CONDOMINIUM LAUNCH …

These are some ongoing development for sale and new condominium launches, Contact 91822516 for more information.

LocationDeveloperDevelopment NameLand Size$/psf ppr
Clementi Ave 1United Venture Development (Clementi) Pte Ltd – JV UOL Venture Investments Pte Ltd and UIC Homes Pte LtdClavon178,065 sqft / 16,542.7 sqm $788 psf ppr
Slim Barracks RiseJointly developed by Hong Leong Holdings and Mitsui Fudosan under One North DevelopmentOne-North Eden62,194 sqft / 5,778 sqm S$1001 psf ppr
Upper Serangoon RoadSingapore Press Holdings (SPH) and Kajima DevelopmentThe Woodleigh Residences & Woodleigh Mall273,842 sqft / 25,440 sqmS$1181 psf ppr
Pasir Ris Drive 8Allgreen Properties Ltd & Kerry Properties LtdPasir Ris 8409,071 sqft / 38,003 sqmS$648 psf ppr
Canberra DriveUnited Venture Development (2020) Pte LtdThe Watergardens at Canberra296,721 sqft / 27,566 sqmS$650 psf ppr

With En-bloc fever in Singapore, what are the private condominium property price in 2018? Here is a list of some of the enbloc developments and its collective sale land price. Contact 91822516 for discussion on the successful en-bloc and its new development.

CONDOMINIUM LAUNCH FOR SALE FROM EN-BLOC LAND

LocationDeveloperFormer Development NameNew Development NameLand Price $/psf ppr
Shunfu RoadQingjian Realty (Marymount) Pte LtdShunfu Ville Jadescape顺福轩  S$747 psf ppr
Potong Pasir Avenue 1  UVD (PROJECTS) PTE. LTD. (Joint venture company of UOL Group and United Industrial Corporation (UIC))Raintree Gardens  The Tre VerS$797 psf ppr 
 Hougang Avenue 7 Rio Casa Venture Pte Ltd (Joint Venture between Oxley Holdings Ltd, KSH Holdings Ltd, SLB Development Ltd and Apricot Capital Rio CasaRiverfront Residences S$706 psf ppr  
 Sims Avenue MCL Land   Eunosville Parc EstaS$909 psf ppr   
 Normanton Park Kingsford Huray DevelopmentNormanton Park Normanton Park S$969 psf ppr
 Tampines Street 11 Sim Lian Tampines Court Treasure At TampinesS$676 psf ppr    
 Rifle Range Road (in Bukit Timah) Citrine Property Pte Ltd (subsidiary of Oxley Holdings Limited)Mayfair Gardens Mayfair Gardens       Mayfair Modern S$1244 psf ppr  
Bukit Timah Road ALLGREEN Properties Royalville (FH) RoyalgreenS$1960 psf ppr  
 South Buona Vista Road Oxley Holdings Vista ParkKent Ridge Hill ResidencesS$1096 psf ppr 
 Jalan Lempeng (Clementi) Singhaiyi Properties Park West Parc Clematis S$850 psf ppr
Leedon HeightsMCL Land & Yanlord LandTulip GardenLeedon GreenS$1790 psf ppr
Toh Tuck RoadQingjian Perennial (Bukit Timah) Pte LtdGood Luck GardenForett at Bukit TimahS$1210 psf ppr
Brookvale DriveHoi Hup Sunway Clementi Pte LtdBrookvale ParkKi ResidencesS$932 psf ppr

DO YOU INTEND TO OWN A PROPERTY FOR OWN STAY OR INVESTMENT?

If you intend to own a property and live in it, your main considerations are most probably the location, your budget and comfortable unit size.  Alternatively, if you intend to own a property as an investment, your main concern should be the rental yield that the property can generate for you.

Allow me to present to you the current launches of executive condominium, private condominium and landed properties that suits your desire and intention.  Do feel free to  Contact 91822516 for a non-obligation presentation of the developments.

Upcoming new developments (Condominium)

If you are keen to know more upcoming new private development, Contact 91822516 for more information.

I am CEA registered property salesperson in Singapore. For more information about me, you may read more in this website.