Property News & Market Trends

How to find if the property is hot!

Needless to say, if you see a beeline, join them.  That's the unique Singaporean mentality.  It happened when Mac issued Kitties. It worked for Waterside and many years later, the Marina Bay Residences, followed by One Shenton.  And how can we miss the hilarious HDB queue-for-nothing occasion.

But if you are an agent signing an exclusive or a sentimental seller selling your 'attached' home, it's crucial to know if the property is in demand.  If demand is higher than supplies, then it's hot.  If supplies overwhelm demand, then it's not.

That's obvious, you exclaimed.  Anybody with a brain would know.  I agreed.  which part of your brain can dictate the demand or supply? No?  That's because nobody has that data.  It would have been child's play if you had those data, you thought. Well, think again.  Many agents do.  They just don't know how to decipher them.

For eg; in January, there were an estimated 550 5rms for sale, but only 58 units sold.  That's approx. 10:1! However, if you look at 4rms, there're only 380 units for sale but 88 units were sold instead. That's approx. 4:1!  Funny thing is - why would agents clamour for 5rms when 4rms is the obvious hottie?

However, upon closer analysis, we may be able to spot hotties amongst the 5 rms as well.
For eg; there were 2 units at 687B, 705 & 748 sold but no more than 3 units for sale in 2 mths.  That's 1.5:1 compared to 10:1 on the average!

Now that's what I meant about Demand & Supply.  Got it?

All buyers must always strive to buy a property that will be in demand in future, not just a cheap buy. Can I say "buyers beware"?  Or should I say "sellers be wise"?

Hot or not, you decide. - Danny 'Bingo'

More ...

	News in a nutshell Business-oriented Statutory BoardsSince the changes brought by HDB-URA Home Office Scheme in 2003, there are more than 20,000 home users of the scheme. SLA is also hoping to encourage more innovative land use under their ‘ideas tender’ concept introduced in 2005. The scheme allows i ... 13 Mar 2007 - Read Details
	Top Billionaires are in Real Estate industry! The results are out.  Forbes rank Mr Ng Teng Fong(Far East Org) as the richest billionaire in Singapore at US$6.7b while Mr Kwek Leng Beng(CDL) stands at US$4.3b. And new entrant Mr Yong from Yanlord makes his presence felt at US$1.7b. In case, you still didn't realise, they made thei ... 11 Mar 2007 - Read Details
	The Buying Spree continues... A new record was set for the 99-years Seaview Collection at Sentosa Cove. Ho Bee Investment & Malaysia’s IOI Properties group bidded for $459.8m, about $1,360psf per plot ratio, which can be develop for 200 units. To get a 20% margin, it'll be likely price about $3.2m - $3.5m each. Ambiti ... 9 Mar 2007 - Read Details
	Earthquake shook properties! Yesterday was a traumatic experience for many.  Earthquake jots hit Singapore and with thousands were affected, at least 100 casualties and counting. No, not in Singapore, but in Indonesia, Padang. In Singapore, it was merely a wake up call. More than 200 buildings were affected. Som ... 7 Mar 2007 - Read Details
	How can one be fair to ALL owners in an enbloc sale? The recent implementation by the Ministry of Law is a good thing. But nevertheless, it will never be “fair” to all. How could it be? In an enbloc sales, the ones who benefit the least will be a disgruntled party. Sentimental reasons aside, monetary value is always the prime issue. Out of every suc ... 5 Mar 2007 - Read Details
	Will Stock market crashes affect Property markets? Dow Jones had its biggest loss since Sept 11 - a whopping 3% in just one day!Shanghai followed suit, with a 9% drop that knock out many faint-hearted players!Will such drastic drops affect the sensitive property markets? "Unlikely." says one analyst confidently.  He will still be looking for a ... 1 Mar 2007 - Read Details
	Is there anything we can learn from Capitaland? CapitaLand posts record profit of S$1.018 billion for FY2006 and got the record for being the very first listed Singapore Developer to cross the $1billion mark!  Congrats, Capitaland, you made us proud. So, is there any lessons or wisdom we can learn from the leading developer?Many of us ... 26 Feb 2007 - Read Details
	Land Parcel B at Handy Road The Urban Redevelopment Authorities has launched the sale of Land Parcel B at Handy road. Land Parcel B at Handy Road was previously transferred from the Reserve list to the Confirmed list of the Government Land sales Programmed. This was officially announced on the 21 of December last year. This la ... 5 Feb 2007 - Read Details
	2007 – the Year of Ochard! The property scene in Singapore is going to enjoy a good year (2007), this is reflected by Mr Liew Mun Leong, Chief Executive of CapitaLand Ltd on his recent visit to KL. Analysts estimated that the high-end properties which have attracted foreign investors as well as expatriate executives may se ... 15 Jan 2007 - Read Details
	Bubble or Boom? You decide. Ever since the 1st parcel was put up for tender at the Marina Bay area, the sizzle never stopped. With a staggering price of S$1.2b and an estimated S$5b to be pumped in by Sands, the entire Marina Bay was brought to life in one swoop!  Thanks to the indigenous master planner from URA, a new era was ... 6 Jan 2007 - Read Details