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    PropNexSTSupplement

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    67 views9 pages

    PropNexSTSupplement 27mar2020

    Uploaded by

    JustinTang
    PropNexSTSupplement

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 9
    2020 WILL THERE BEA PARADIGM SHIFT TNMs Sie Wn GL I ARE SINGAPOREANS TAKING ADVANTAGE OF THE CURRENT MARKET? — (Pace 5) Lin CELEBRATING PropNex alt wr. Service You Trust SINGAPORE =ARS IN REAL ESTATE rt The tl ee This year, PropNex Realty celzbrates 20 years of trusted service in Singapore. The theme "Building Legacies for Generations” encapsulates how PropNex will contimue benefiting legions of homie owners and property investors, grooming the next generation of trusted realestate salespersons, and building the PropNex brand across the Asia Pocifi region, Leveraging on our prolific experience in the propery incustry, we proudly present this excusive Property Supplement comprising wollresearched anicies datalling the latest trends, analysis and expert opinions aimed at helping you successfully navigate the raal estate ‘market in 2020. ln action, we have enclosed @ comprehensive map that highlights exciting new and existing property developments with letals on per square foot (asf) and land bid prices. We are confident that you wil fi this supplement useful in guiding your decisions on selecting end purchasing your next residential or Investmert property. About PropNex Realty: rere eee coy wet RE TE IL fee eens crams we mew San a: en Se cane a te eo si aperey vO over S00" resi oslo anatdes both the Singasere Some Plemmorn Grand Shea Ssecpersona. Tadny PropNen Limited Gass (SCs) and Sigepere Quay Conpises. Progen Realy PopNee Gass (SGC) ceritoaions ty SPRING alates Reaicence “Ape (S80 2am inomatonal.” PrapNex” Propory Segaporann 208 Nuregemert Corautenis are Lie Treaseres at Tampines fora 7m Masiey Bencernye tn 2016, PropNex Realy expended ty | Munna nuns tegen pr'ie wweegh tho lauren ot avenue South Residence tor pn Undaranning PropNexRaslys wccess the Indonesia Mester Francia, Sie ow commrertiose-vcs celles tur, Proshex Incenesis tes town | Ths Florenoe Readers SNARES sre ee so ene ag, yeh ow 1000 soe hes ond exper. nh we agess 2 bench ofes. In ead TRAFA fefesned aur conseny/s gine 13 PropNex iter expanded bs tegind | ee TEE 4 “Serice Yeu Task nsicer toreinios presence toMalaysa and Viera wn | ¥g63) Hea veare ‘our comaary/s emphasis cn custore- ever 500. and close 10 200 = = ‘cent aaproaches selesoerons respectwe: Movinn | Anbar 2A Apa Tee “orward, Proper seeks 1 OW Os : = ‘Our company conscinty spearheads braed presence in South Ket Aso | aly Harm Rerkdentes Se inves. wi the im of rising while conthuing to moirain ow fro‘essonal starcarss in ‘he reat Gominasimarcetposton m Sngepsre. | Waster Geand 26 hoa Sark 2pm ayia Sardons yal eee towaich tecnine seeming ot Consumer Sarmtars. PropNtex Realty Pte Ltd Lnmae no: amex ‘280 Lavon 6 Toa Payoh #10-01 HOS East ng Singapore 310480 | Tw (85) 64208000 | Fax (65) 6829 6600 Follow PropNexon f ©) Unprecedented Federal Reserve interest cut Inanunprecendented move, the U.S. Federal Reserve has cut rates twice during this ongoing global Covid-19 pandemic, At almost 06, the interest rate has plummeted back to the level experienced during the 2009 Global Financial Crisis. Based on today's SIBOR rates, property investors and homeowners can enjoy competitive mortgage loans at less than 1.3%. This translates to lower monthly instalments and substantial savings on interest payments. In hindsight, many of us probably wished that we had the foresight to invest in property during the Severe Acute Respiratory Syndrome (SARS) Crisis, Global Financial Crisis, or when the government introduced major cooling measures in 2013. “PEPE ‘tween Februnry ond Mey 2003, Singapore experienced the SARS Criss Fortunately, ne SARS virus outbrazkwas success contained ‘and Singapore wes declred tobe thee f SARS by the World Health ‘Orpaniaation (WHO) an. May 2003, ‘Theroshier, Sigapow’s private property prices began vsing. New private home sales increased by 73.7% in 2008 and sales volume increased from 5156 unts in 2003 to 8,955 units in 2004. Both property prices and new private home saies consuod o ci tithe Giobel nancial Css unfetaod {in 2008, The colanze of Amescen financiel services fm Lehman Brothers led te 2 rippie affect scroce economies worldwide inclusing Singapore. However, through carefuly calbratec and zimely government intervention ‘ane economic policies Siegapcre’s ceenomy eventual managed toweather ‘the fnancia stm. Property prices Degen inching upwards agevnin 2008 and the property market rebounded with new private horvesales incteasing by 8 ‘Slonicant 244 5%, ftom 4.264 units ssn 2098 10 1,608 units son 2008, i. atta iitilll PEREPEEREES Cooling measures in 2013 and 2018 “The uswaid mamemum of the pevate property market cordinued tl 2012. ‘hen new private home sales fesched 310 year peakwith 22497 units being transacted, {In 2013, the government intervened in the market by Introducing major ‘property coating measures, This le ta.9 continual elde of property pices fc rew pruste nome sales over the next few years Sunsequenty ro market Seger 19 adjust tothe cooling measures. Prices began to state nd new private Hore soles started te grow again, Two events prompted the governent to Ietvedace urter rounds of property cootng tasures wth the vinof maduraing ppety prices in Ju 2018, Frsty, ne arivate heme 5988s Surges 10.0 four you: Fgh of 10.566 nts in 2017 SecorDH, papery pices spiked 734i the fst haf of 2018. ‘Based on the trends Ngivighted. seems os though whenever the storm calms, the te of the mareat would re-emerge wing othe pertup domand of buyers and ivestars, Wht this $0? Why does Singapore's real estate market remain resilient? ‘Theveanon that eccounts forthe reikency of Slgnoores ral esate market ‘s woltcntbcald ans timely goverment irieveon. Tne govererent consianty matins @ watch eye on the property marke. mentors {he eronery ratket closely arc enacts econale potcies wt Ate Geared ‘owar'd wchlevng steady and sustainable econorie graih fare county. ‘Daring the SARS cris in 2003, ti government prayed @ $230 Mion SARS Rel Package ' assist hows afecte seciors. Simian ding the ‘Gobi Firencni Criss in 2008, the government uncres the $$205 ton Resilence Package. n 2029, ne Mivaiy of Trade and inusry (MT has dlecorat! that tl rplomon th necasuary measures fo help busine and eeterovies edversely fected by Covi tide trough the coronevinss ‘utbresk. On Feb 18 2020, the goverment Iniosuced the $4 Bilan ‘Stabtzation and Susport Pechoge in Budget 2020 w snveld the ecororny ‘ror tte mpact of srcortsindas causedby Con3'2. The goveromant'sofort and tenders in tecking 2he Covid9 cutbroak has been commendable Despite the cretiengng global envrorment Singapore topped the zepion ' terms of investment prospects in 2020 baced on a report 0° pronerty {rene conduc by the Urbar Land institute and PAE Wr te wesurance of consston stably In Singopore, the country continues tobe pestioned F atactve invertmon: cesta In today's property market, property developers se employing price sensitive strategies during launch weekends choosing 9 launch at loner prot margin as theyare seeking to achlove igh ples ates. As develepars ‘an rmomertum anc asain @ higher percentage of sales Is expected that property pices wil ce progressively ewirg to develevers evening out tha ‘ovalal rol fer the developments. Ts trand was event among pecjects that wore launched Ir the aftermath ef he 2018 preety cooling measures. This ie buyer's markat—a window of appirtnity ens or savy investors ‘who plan aheed andare poised o seu the moment. While te jourray along tho yoastavecovary moy not besmonth, he potential ‘rewards be reaped couls be remarkable. Aathe adage goes, ‘Toughtimes ‘ont ns, Tough Investors do. {te watch the online streaming ot ‘Consumer Seminars. [ Making sense of numbers: Will our property market stand a chance today? Despite Singapore being a small nation, there are concerns about a supply overhang in the property market. Is Buyer fatigue setting in? Or is the market slowing down? What is the story behind all these numbers? Let us breakdown the figures to get to the bottom of the issue. jock in 2018, the pevate property mart was red hot The number of wntioc Goals caked up and crossed ‘over $11 billon. This contbuted to the rico in supply and preperty prices. Eventual, the government Imervoned Imlomenting property ‘cooling measures in Juy 2016. The umber of uneold units increazod to 184.3% fom 18861 in 207 to 34828 In2018, Homeves, thetatalnumberof ‘unsolduns fExctacing ECs) crepped from 34824 mh 20%8 0 3062 units ‘sod 6 2018. Th rose in 8 134% eee Ji Singapore reached 57 ition in Understanding our land supply 2019. More housing accommodation ‘The government. tohes provcive 15 needed *0 cater to these group factions 10 ensure tar there Ik no of people, feeding into the current ‘supply glut. Unlike many counties, SUBD of esidentel proportes, Slogapora i a lane sence country. “The ineresse in rermal demand isin Now oo und sey come fo Oem etn tne og poplin. amb {ho sources, wh ae wee and Asan to arated Ha Chateannewweresccicese KR enerare SaMensaan Cones seereeney terme anees Sn re Monvoetemormd oss Senne pep een Tar See 2A he me tat new me ier mavasnct ge tat ese ‘Sx reported enbloc deals, there 9785 unitssokd in 2018, ee eae Developers are now pricing projects sensitively to attract buyers, Weare Under the redemia'cauegory, This incluces Sophia View Phoonix Road ‘Apartments and Lesian Gardens ‘This would tikoly mean thet tho rmavket wil winess minimal impact ‘onthe supp of residenl untsfom confident that the theenbioc deals cureent supply will sh etter i have sufficient demand asenl te Someciat Used over time, with an ‘Seles (GLS) Programme o ensure 2 absorption rate of orshitent and stable supply of and, 10,000 units annually, fat he same time ewacsing ceution to ave a case of overabundance In Sieetontce, the miner f expected unis made ercereviin valle ine open mare. . Aivininih teeta Swan or METERS 2020 GLS Programme, a total of — UNRS from enbloc transactions, deep: 175 rosidemis| units ate exzocted in the rumber of new projects to be ire mcenad amen wore BESen are era Ee eeees (oes es Soha tong an at eae Miednesmmiil “Sees eee sirlten teeta seedy Sa Reattmorse ose Spektogn olan oalrsleoeens LGR eny Coie pee Bae oe ms ees me Are you taking action yet? It is indeed an opportune time to enter the private residential market as a Singaporean. Why is that so? er seas 028 =: Hn OD == Outside Central Region (OCA) - Pepular choice for HDB Upgragers “The numberof ovate new home sales werehigher nthe Cutsde Central Region (OCR) segment in 2019, Accounting for melerty of sakes, 47.7% of ‘the 91 prtate new homes sold last yaar were unis OCR, mth the top seling project being Treasure at Tarpines. Sirce the development was launched in March 2018, 1 hos consistontiy poriomned wos! the market. Infact. the project wos rankedin the monthly top 10 developer sales trom Maren to December In 2019 as wel, What mace It popular amongst HOB Uuporeders is the reasonable and attractive pricing totes, More HDB owners selling off their property earlier Meare, sale of naw fas wns on the sm, vt a 33.7% incrense in the number of HOB flats that ere less then 10 years ald beng Wnsected “This reflects the trend that more HDA owners are caling tele proxertins ‘carlin hopes of uocking thaw asset valu ef thelr properties, n ersor ta potentaty switch twa prhate home aoe ae za 2020(terwird 20M (Beh 3EF2Yhrie 2022 aera ‘asad cn information from deta.goy, thew is a projectud 24163 number ff HOB flats expected to reach ts MOP period for ths yea. While, on ‘ssimatod 72.603 fate wil reach ts Minimum Cccupation Patied (MOF) in the nexttivee years. More HOB upcraders are moving towards purchasing prvete properties. ‘This can observe trom the 10p soling projects in 2019. Namely, Troasuro at Tampines and Parc Este. Based on the purchaser address indicator from LURA Reals, over 0% buyers wore HOB ungracers for these two projects. ¥D2tciecownkame Kober dpm Landes Peper ‘Thestrang dest and aspratons of Singaporeans con be Geary observed in the orogiessive increase in Pe uber of residents ewring vale propertios nthe form of condominkms and omer aparkments inthe 3s 7 ors, Under the curemt economic cicumstances, recent new project launches have performed exceptional well For inzance, Pate Canberra 01d over 8% of KS units during te launch weekend. Despiw ECs crossing tne {$1,000 pst unit mars, it has ail reignked tre interests of Duyors. The M, 1 newly iunched development In CCR sagment wcractes over 2000 people to Its sales gallery, which is great response for properties In that “segment. Ax projects in the CCR segmert are typically n te higher end and Siagnporeans type tala rem purchasing such properties i lage ‘Yolumes, Notwtnstanding the Covie-19 vrus, prospective buyers are stil thrarging the showr fats. _Anvct the inpsct ofthe Gavia 49 vin belng reverberated throughout the ‘Singapore's economy. the prvate new home sales segment continues to 'bo 8 safe haven in te rea extate market. The combination of he resent nanure of property market and the egy priced developments, spurs the Interests of payers end investors. ‘Contact any of PropNex's real estat salespersons foryour realestate needs. Lice and follow opNex Singapore's Facebook Page to get ‘news sbautuncoming semnarsandinsightsofthe esl estate mace ‘Sign up to be a PropNex Prullege Mamba st worm propnan.com to receive more regular upd of market tends. rarcer to nae infarm Speak to eny of ur Prophex salespersons ta watch the online seeming of Consumer Seminura. ‘Treasure at Tampines is the Best-Selling New Project for 2019, with more than 1,000 units sold since its launch in March 2019, It has also consistently performed well, having topped the monthly top 10 developer sales from March to December in 2019. (Based on URA data, refer to Table 2). Even in February 2020, undeterred by the COVID-19 outbreak, this development sawr 95 units snapped up. FP Trensure ot Tamsines is butt fon the former a of Tampinge Court 9. privetized HUD ought over ty tha eevsloper in 2097's enbioe see. Spanning pprosntely G88, AEG cunt feet ot land farouns 1 footbak oid) with a total of 2.203 units the ay acracion of tis develsprant i Hs economia (of scale which allows residents to ‘enjoy om maintenance fees trom $150" month. ‘wren such sorawing space in its revises, Treoaure of Temas Promise mies nreted penal Exeawtve Condominirs (EC) buyers, HDS upgrades and imestors ofa: aBconsomnteniacttog ngingtor its tempoline courtyard. coworking spaces, anc culinary sucio 1 urban farming aes, tenis court wre Jepaing tall 35 wel 513 0018 Resierss 230 ‘couble the happiness an fon wth wo lap poots, two kits sik pool. WO there kis’ rlaygrourd and tc the ‘umber of B20 pavilions, gnicers and Spa ficnes. The SMART home. and community festures enhances Treasure i Tarpinor vetve wir Is 24-hour ynnickn,smatalcon conte. smart lobby eccess ond instzt updates on ‘the occupancy atthe grrmasion and ‘cor washing boys ‘The ether reason fr Uns Dest eater letre price, Treasure at Terpines nas a Higty atvactve per square toot ‘price fs ot Maen 2020) tom $1098 il, 0 shade af the average pace of ‘stew EC (ore tian $1100 pe ‘Solleg from $706,000, the *-beddor uns Teasure ot Tamaines nave ldrane great rtarest fom singlae and The bonefts of investing In traasure ‘Tampines ae manifold. Wehout an ‘Income celing caporreculrement for hhomeonnesstofuflas-yearinbinum ‘ocmupation period belo being nble to calli itis tuly.a velue buy. Pus, Luriko EC purchases, owners ae fee tem owners resictlons and ave ‘at requlred 12 orm a amily racieus ‘The one t fvo-Desroam homes also dean the atertion of HDB upgreders, 2 they a¥e not consrained oy the HOB resole levy upor the purchase ofthe next nome. Adehionaty.shese HO upgrasers do nat nave to wr ‘bout thet Mortgage Servicing Rete (WSR unich s appieabie 19 HDA end EC purchases, Treasure ot Tampines sere trom fia state loeatien, situated ight beside Tampines. Round Market ‘nd eoying corweniont proximity to Tampines Regiondl Cente ond CChangl Busiess Pare fs ony an ‘mins walk 1 Sul MEF Stator and a torn’ crivet9 Jewot rengtsurpart Acced convertences Inside tt ‘closeness io tte upcoming Thoms Treasure At + femmes Ia 2000 2 Paces — |Nov20@ ‘The Florence: 3 Re Rerenee ler 4 [Pare Clematis [Aug 2010 5 Piermont Grand |Ju1 208 ‘Avenue South «6 Reemue Soath | 5e9 2019 ‘suing 7 \Resdoncer [24208 a |Trevrever [aug 20% Rnerort 9 IResiderces | M208 ae 208 ‘Serangoon | RoR ocr ocr ocr RoR, RoR RR ocr ocr Enst Coast ond Cross Island Lines, Chorg! Avian Pak. Terminal 5 and ei ‘Eant Urban Dist sto1g conection te. Singapore's futine aviten heb an commercat jects premise good Investment ppertunties for RS nomeaNnIers 0 ers ve ane ny, (One ofthe top beneftsotiving within 9 matured anc woll-estobiened Tampines owing estate © hts eT eee perenne 42 aoe | nex sar| 40 | 922% seo | e228 so i504 sust sur S404 $1385 ss S60 i322 x48 sbuncance of artentieg, 2 wl 26 loseness to septal international schools. Tremare a rampines best seller 2018 anc itis polsed to el wet p 2020. Gren ts spacious and efcient yout, ually feng, aeing aflorcable prices and atractvarens of this development, we eovsage that wil reserve Is prestige 353 evel inehe Ea ree coer First Mover Advantage in Real Estate When it comes to real estate, is it a myth that in order to enjoy more profit margins, one needs to be the first to invest in a development or project launch? Here is our understanding of the concept of first mover advantage. mat beteves in being fre market lesder In securing land bids easonabie prio fr Simioprrant Ul is tke a close Ieox a the ‘ceveloprments thot One currently marketing Mast Affordable Prices at Riverfeoat Residences In 2018 and 2019, there were rurnerous new laches fy DAstet 13, Riverfiont Residardies occupies the site of the for Rio Casa 2 286-unit prvi HUDE esta, The ate was purchased abioc by Onley Holeings Limited and is Jlnvvenvurepartaes. SLB Dewoiopment nied, KSHHolchgs Limited and ‘Apricot Copia The purchase pce of Pio Casa in May 2077 was $575 elon, ‘hich translates nto land rate of $706 pf po, nchaing diferent prem ‘6 leese top-up piemlum. This was one of hers erbioe Stes bought before ‘tho endloc fever ft, easing prees 1o shoot upin the avo. ‘A staggering rane of 72000 people vised the RiverfiontResiiences showfat, ‘31472 unk rozantial projec nth six etal ahepa in Heugang Avenue 7 and ‘ore than 70% of the ants enjoying "ether acre paral view" of herr ‘ther units reve a vew of the swimiing poo! or the lsh landscaning ef me ‘eighdouring pubic pak. Other than tha high Gemard in the area due tha ibseree of new orvata condombiums since 2018. tie develooment drew ‘nnrgn ctowa foe tr gos focal, exalt nsignh aed faction as ol Ite atvactive pring. Bocause ts Only led concortum had purchated th ‘ste 2017 before lad prices ron up, Bvarront Resktonces uns ore priced ‘compattivey tern avai $2.00 pa, arc as 1 March 2020, close to 88% of ‘units bave been sold It sone of he ber saling, fastest moving ane mast price compattive developmentin the nerth-eaat "Wes dlotofraseorch ard found cut hom Jon Tan, Ye prajectC af Rivesfont Residances that this davelcpmertis he most alfadabts new launch in Dsrct 13, weh price starting fom over $1100 pef. We viltes svaral eer srewrtate ‘ne decided this 36 eu best uy, gven the focites and the potential capital ‘appreciation es the ether projcts inthe precinct start from S400 pat’ ‘ores nepoy Oumners of Rivedront Racences Me ane Mt Vine Tn, Oz Holdings Linted isa home arown Singanore aroperty deverorer Investment Potential at the Aiinity at Serangoon The sare Griey-led cantortum is ako belied tse Ahly at Serengeon, ‘3 L052nit redevelopment of the former Serangoon Vile prised HUDC ‘estate. The consortum ned purcased the ste i Juty 2017 for $499 milion ($435 pot pe. wo mertia afer buying ie Cana. To kta, Aftaty at Serangoon chives hosiby clos rate, w#h lows to 70% of suns sold, Moro buyers picked up unis at this developer aftr the announcement on 28 Jansary cbeut the Crossisiend MAT ine. One of {the 12 upcomng stabons an te line Serangoon Newt, leceted just 350m {tom Atirity a Serengeon, This enhancod azsossiilty and conrectivty has ‘atirecied lt of nines inthis develogrent. Prices at Afsity at Serangoon ae row fam $719,000 for @ bedroom ua, ‘as conpored i other projects n the vichity This alvexte ree de to Bie “cavelopor sedvartage of ecquirrg the ond serler ur other developroents the precnet benefiting homeowners or investment potent Move with the Transformation: Mayfair Modern and Mayfair Gardens Wis te eteategie purchase of Mayfole Garcens at $37 milton, Oxay Holdings was the fat developer 10 ertar the prime Bust Timanenbioe seene. Ths translated to an atacive Ia90 cost of $1244. pst per es compered to ‘round ed prices ef ensioc aa ior $%.540 to $1,950 pef pp. allowing the developer to ‘market io home lnvestrs, us pcjcts thal ae launched in tts rea ere now fesehing prices of at ast $300 287 ane Oxley Holdings wil vide the enisting development into two sew elecent London Miayar nspied resident cRerings = Mayfair Collection, feeturing Moyfal Gordons 215 wks, ong Mayfot Moco’ 171 uns, Marla Coliecion fs « 5 cinuter wal from King Albert Pk ark the Beery World MRT statlons. This evelonnvent Is stunend fant where the \varsformation of ud Timanis:n the URA Draft Master Stan 2018. With exes atarng tor $999.00 for t2ecroor, Mayfak Colection's anexcallantcholce {or imestors. Based on the land bid prices, we projeet numerous upcoming luneree stoura tis area which wil most Ihly have higher cee, Win tho first mover price acventage, Mayfair is sll a good buy. Nestled at the Peak: Keat Ridge Hill Residences ert Riige Hil Residences awa 3 Inspkatlsn ert lie Miskie location and the lushnass of Kent Ridge Pack. Situzg on a pice of land thet spans five fociball fel, the evelopment compres: Ne- storey eportivent Dioexe and stra arded hares that re ‘contortabiy spaced out ‘The develocrient is stratectcaly facated fight Inthe bert of the Greater ‘Sovirem Waterront wich extends from Pas Farjang 9 Mavira Eas oa ‘otto ansterm into srew major gatcway anc cation for urban bving slang Singacore'ssaatherr cons. Pra Parjeng MAT is only? rintes welk way, ‘anche Cenien univess Dist mere Hine ctw away. Maptere ‘Business Cty, Seionco Par, one north, National Universty of Segapore and ‘Natasal Univeraity Hasalta can alsa bu reuched within nutes by cal AL Kent lege i Resicees,redonrs enjoy tne pivlege ofa realderss-oriy cect ‘ccoes tothe 47 haetares Kert Ridge Park whi no compromise on socurty. All ets como equipped win 4 emart homo system and Brandes appionces ‘ne tings fom Gaggenau, Bo

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