Market Updates Archives - New Homes Official Launch | (65) 6100 6339

新加坡2024年第一季度豪宅数据分析

Admin — Wed, 22 May 2024 05:13:11 +0000

豪华非有地住宅市场是护在2024年第一季度趋于稳定。

根据买卖禁令，尽管2024年第一季度豪华非有地住宅成交量预计为46套，比上一季度下降34.3%，但上一季度的销售量是收到大型项目华登嘉苑（Watten Estate）推出的支撑。

调整新房销售的影响后，豪华非有地住宅市场的成交量估计为40套，环比增长17.6%，转售市场上的豪华非有地住宅总价值为2.829亿新元，比2023年第四季度的2.716亿新元增长4.2%

地缘政治紧张局势的加剧似乎说服了买家在被视为避风港的新加坡购房。

让我们详细讨论一下什么样的房型最适合您！今天就联系我们吧（点击）

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Shophouse Updates 1Q 2024

Admin — Wed, 22 May 2024 04:51:31 +0000

In 1Q 2024, an estimated 21 shophouses were sold, which is 31.3% higher than 4Q 2023 though 34.4% lower than a year ago. The total value of transactions in 1Q 2024 was $180.3 million, 62.3% higher than the previous quarter but 39.2% lower than 1Q 2023 and the average price paid for a shophouse in 1Q 2024 was $8.6 million.

Investors continued to acquire 999-year leasehold and freehold shophouses for wealth preservation. The rarity of shophouses plus the lower barrier to entry for foreign investors compared to the residential market and the potential for capital appreciation will support prices in this market segment.

Let’s have a detailed discussion on what suits you best!

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HDB Updates 1Q 2024

Admin — Tue, 21 May 2024 11:04:36 +0000

In 1Q 2024, the transaction volume of HDB resale flats was 7,068, 8.0% higher quarter-on-quarter (QoQ) and 1.3% higher year-on-year (YoY). This is the highest 1Q volume since 2021.

On the demand side, the first wave of ex-private property owners (PPO) who were waiting out the 15 months’ period to buy a 5-room or larger flat entered the market in January 2024. Some of the ex-PPO may have bought smaller flats instead of waiting out the 15 months. On the supply front, there was more supply of HDB resale flats put up for sale in 1Q 2024, some of these coming those that reached their 5-year MOP in 2022, 2023 and 2024.

The top 5 most popular HDB towns among buyers in 1Q 2024 are Jurong West, Punggol, Sengkang, Woodlands and Yishun. The number of million-dollar flats continued to reach new highs too. HDB resale flat transactions are estimated to be between 25,000 to 27,000 while resale flat prices are likely to consolidate in the range of 3% to 5% this year.

Let’s have a detailed discussion on what suits you best! Contact us today (Click Here)

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Landed Updates 1Q 2024

Admin — Mon, 20 May 2024 03:34:00 +0000

In 1Q 2024, the landed homes segment remained well-supported by aspirations and the limited new supply. Based on caveats, an estimated 295 landed homes were sold in 1Q 2024, 20.9% higher quarter-on-quarter (QoQ) and 1.0% higher year-on-year (YoY). The total value of landed homes that changed hands in 1Q 2024 was $1.6 billion, 23.0% higher QoQ but 11.7% lower YoY.

Most popular districts for landed homes among buyers include 10, 15, 19, 20 and 28. The quantum for 99-year leasehold landed homes ranged from $2.5 to $4.2 million while for 999-year leasehold and freehold landed homes, the quantum is between $2.5 and $14 million.

Prices of landed homes rose by 2.6% in 1Q 2024, 2 percentage points lower than the previous quarter. This year, prices should trend towards stabilisation and see less than 6% gains.

Let’s have a detailed discussion on what suits you best! Contact us today (Click Here)

Stay ahead in the search for your dream home. Sign up (Click Here) on our website for updates and early access to the new Showflat preview!

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How much is property stamp duty in Singapore? [2024]

Admin — Thu, 09 May 2024 21:12:00 +0000

There are 3 types of property stamp duties.

MUST KNOW YOUR FINANCE. [Updated May 2024]

When you have the intention to make a property purchase, it is important to know the Property Stamp Duty in Singapore. There are 3 types of property stamp dutie: Buyer’s stamp duty (BSD), Seller’s stamp duty (SSD) and Mortgage duty.

All stamp duties are paid to The Inland Revenue Authority of Singapore (IRAS). It is the main tax administrator to the Singapore Government.

1. BUYER’S STAMP DUTY (BSD)

Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.

On or after 15 Feb 2023
Purchase price or market value of the property	BSD rates for residential properties	BSD rates for non-residential properties
First $180,000	1%	1%
Next $180,000	2%	2%
Next $640,000	3%	3%
Next $500,000	4%	4%
Next $1,500,000	5%	5%
Remaining amount	6%

BSD is rounded down to the nearest dollar, subject to a minimum duty of $1

Examples

Example: A terrace house was purchased on 17 Feb 2023 at $4,500,100 which is reflective of the market value

Market Value of the Property	BSD Rate	Calculation
First $180,000	1%	= $1,800 (1% x $180,000)
Next $180,000	2%	= $3,600 (2% x $180,000)
Next $640,000	3%	= $19,200 (3% x $640,000)
Next $500,000	4%	= $20,000 (4% x $500,000)
Next $1,500,000	5%	= $75,000 (5% x $1,500,000)
Remaining $1,500,100	6%	= $90,006 (6% x $1,500,100)
BSD Payable		= $209,606 ($1,800 + $3,600 + $19,200 + $20,000 + $75,000 + $90,006)

ADDITIONAL BUYER’S STAMP DUTY (ABSD)

Liable buyers are required to pay ABSD on top of the existing Buyer’s Stamp Duty (BSD). ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).

Purchase On and After 27 April 2023	First Property	Second Property	Subsequent Property
Singapore Citizen (SC)*	0%	20%	30%
Permanent Residences (PR)	5%	30%	35%
Foreigners	60%	60%	60%
Companies^	65%	65%	65%

*includes Switzerland, Liechtenstein, Norway, Iceland and USA

^Plus Additional 5% For Housing Developer (Non-Remittable)

2. SELLER’S STAMP DUTY (BSD)

SSD is payable on all residential properties and residential lands that are acquired on or after 11 Mar 2017 and disposed of within the holding period.

Up to 1 year	12%
More than 1 year and up to 2 years	8%
More than 2 years and up to 3 years	4%
More than 3 years	0%

3. MORTGAGE DUTY

A mortgage is a document where the interest in property is transferred from the borrower to the lender to secure the payment or repayment of money.

Mortgage	0.4% of the loan amount granted on the mortgage
	(subject to a maximum duty of $500)

If you need a recommended legal consultant / lawfirm, drop us a text to (65) 8666 3339. We will be able to assist.

Alternatively send us a message and we will contact you shortly.

>>>Send Message<<<

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How to finance a new launch condo in Singapore? [2024]

Admin — Tue, 07 May 2024 00:04:00 +0000

There are 3 Types of Finances.

Must Know Your Finance.

In order to finance the new launch condo in Singapore, it is important to plan your finance before making any purchase of the property. There are 3 types of finances : Cash, CPF & Loan to be used for the property purchase.

1) Cash.

To make a purchase of a new launch property, it is mandatory to come out with 5% as booking fee. It can be only in the form of Cheques, Cashier’s Order or Telegraphic Transfer. This amount will be addressed to developer’s project account.

2) CPF OA Fund.

CPF fund refers to The Central Provident Fund. It is a compulsory comprehensive savings and pension plan for working Singaporean and Permanent residents primarily to fund their retirement, healthcare, and housing needs in Singapore.

CPF contributions go into 3 accounts:

-Ordinary Account (OA): For housing, insurance, investment and education

-Special Account (SA): For retirement income and retirement-related investments

-Medisave (MA): For hospitalisation expenses, approved outpatient medical care, and approved medical insurance.

Among the 3 accounts, only Ordinary Account (OA) fund can be used for part of the downpayment in the property purchase. In order to finance the new launch condo using the CPF, the purchasers will need to have the loan approval ready.

3) Loan.

It is important to know that the maximum Loan-To-Value is 75%. This means the maximum loan that the purchases are able to obtained is 75% of the property price.

The loan tenure is maximum until 65 years old, if the purchasers are going to get up to 75% of the loan.

Whether the purchases are able to get the maximum of 75% loan, this depends on their income level.

Usually we will advice customer to get an IPA (in-principle approval) from the bank, so that they know how much the bank will loan to them.This IPA is free and it will last for a validly of 3 months.

Contact

If you need a recommended mortgage banker / broker, drop us a text to (65) 8666 3339. We will be able to assist.

Alternatively send us a message and we will contact you shortly.

>>>Send Message<<<

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WaterGardens Sales Update

Admin — Fri, 24 Sep 2021 05:03:33 +0000

The WaterGardens @ Canberra was launched on 28 August 2021, till to date, it was about 62% sold. Among all the units sold, majority of the units are 2 to 3 bedrooms.

UNIT TYPES	SOLD	%	AVAILABLE	TOTAL
2 BR	67	83.75%	13	80
2 BR P	92	77.31%	27	119
2 BRPS	19	95.00%	1	20
3 BR	58	61.70%	36	94
3 BR CS	9	90.00%	1	10
3 BR PS	20	30.77%	45	65
4 BR P	12	20.00%	48	60
TOTAL SOLD	277	61.83%	171	448

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Jalan Anak Bukit GLS

Admin — Wed, 01 Jul 2020 05:17:10 +0000

PUBLISHED JUN 30, 2020, 11:27 AM SGT

SINGAPORE – The Urban Redevelopment Authority (URA) on Tuesday (June 30,2020) launched a “dual envelope” tender of a choice site at Jalan Anak Bukit for a landmark residential and commercial development with a bus interchange to help rejuvenate the Beauty World area.

The 3.2 hectare site in Upper Bukit Timah can yield 865 private housing units, which can be flats or serviced apartments, or a combination of both.

Of the maximum gross floor area (GFA) of 96,551 square metres, 5,000 sq m must be used for the bus interchange, while a maximum of 20,000 sq m can be for commercial use, of which up to 7,500 sq m can be for shop and restaurants.

For more information, check it out: Jalan Anak Bukit Condo

Contact: (65) 6100 0339 For Booking / Text: (65) 8666 3339 For More Details

Register your VVIP here

SOURCE: STRAITS TIMES

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Stirling Residences Updates

Admin — Fri, 26 Jun 2020 10:25:00 +0000

Live Update: 30 JUN ’20

Over 8⃣3⃣% SOLD
1⃣0⃣ SOLD IN APR
2⃣2⃣ SOLD IN MAY
7⃣2⃣ SOLD IN JUN

^#21-09 (2BR-C) JUST SOLD
^#35-21 (3BR-U) JUST SOLD
^#31-29 (2BR-C) JUST SOLD

#14-14 (2BR-P) SOLD!
#32-19 (2BR-P) SOLD!
#09-22 (4BR) SOLD!
#20-12 (2BR-C) SOLD!
#17-13 (1BR+S) SOLD!
#32-29 (2BR-C) SOLD!
#19-12 (2BR-C) SOLD!
#19-22 (4BR) SOLD!
#14-09 (2BR-C) SOLD!
#16-13 (1BR+S) SOLD!
#18-22 (4BR) SOLD!
#02-14 (2BR-P) SOLD!
#13-09 (2BR-C) SOLD!
#35-32 (2BR+S) SOLD!
#22-12 (2BR-C) SOLD!
#03-14 (2BR-P) SOLD!
#30-11 (2BR-P) SOLD!
#10-22 (4BR) SOLD!
#30-16 (3BR-P) SOLD!
#38-18 (2BR-C) SOLD!
#36-18 (2BR-C) SOLD!
#38-04 (2BR-C) SOLD!
#27-12 (2BR-C) SOLD!
#36-04 (2BR-C) SOLD!
#35-04 (2BR-C) SOLD!
#05-14 (2BR-P) SOLD!
#15-13 (1BR+S) SOLD!
#17-09 (2BR-C) SOLD!
#23-14 (2BR-P) SOLD!
#36-27 (2BR-C) SOLD!
#26-12 (2BR-C) SOLD!
#06-14 (2BR-P) SOLD!
#13-13 (1BR+S) SOLD!

Check out Stirling Residences Now

——————–

Live Update: 26 JUN ’20

LAST UNITS FOR THE SPECIAL DISC
PRICE WOULD BE ADJUSTING

Over % SOLD
SOLD IN APR
SOLD IN MAY
SOLD IN JUN

^#38-18 (2BR-C) COLLECTED CHQ!

^#36-18 (2BR-C) JUST SOLD!
^#38-04 (2BR-C) JUST SOLD!
^#27-12 (2BR-C) JUST SOLD!
^#36-04 (2BR-C) JUST SOLD!

#35-04 (2BR-C) SOLD!
#05-14 (2BR-P) SOLD!
#15-13 (1BR+S) SOLD!
#17-09 (2BR-C) SOLD!
#23-14 (2BR-P) SOLD!
#36-27 (2BR-C) SOLD!
#26-12 (2BR-C) SOLD!
#06-14 (2BR-P) SOLD!
#13-13 (1BR+S) SOLD!

Check out Stirling Residences Now

——————————-

Live Update: 14 June 2020

Over % SOLD
SOLD IN APR
SOLD IN MAY
SOLD IN JUN

^#04-13 (1BR+S) COLLECTED CHQ!

^#10-13 (1BR+S) JUST SOLD!
^#20-14 (2BR-P) SOLD!
^#15-14 (2BR-C) SOLD!
^#04-12 (2BR-C) SOLD!

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Govt cuts private housing supply from confirmed land sale sites due to Covid-19 fallout

Admin — Wed, 24 Jun 2020 09:23:00 +0000

The total potential supply of private housing for the second half of this year comes to 6,670 units.ST PHOTO: CHONG JUN LIANG

PUBLISHED JUN 24, 2020, 11:00 AM SGT

SINGAPORE – The supply of private residential housing from confirmed sites under the government land sales (GLS) programme for the second half of 2020 has been reduced to take into account the fallout from the global Covid-19 situation, the Ministry of National Development (MND) announced on Wednesday morning (June 24).

The private home supply of 1,370 units from three confirmed list sites is 405 units or nearly 23 per cent less than the 1,775 units from such sites under the first half of 2020 GLS programme.

It is also the lowest number since the second half of 2009 during the global financial crisis when no confirmed list sites were released, said Christine Li, Cushman & Wakefield head of research for Singapore and Southeast Asia, adding that the move.

Interested about the existing Condo: Click Here.

SOURCE FROM STRAITS TIMES :

https://www.straitstimes.com/business/property/govt-cuts-private-housing-supply-from-confirmed-land-sale-sites-due-to-covid-19

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Billionaire inventor James Dyson bags Singapore’s Wallich Residence super penthouse

Admin — Tue, 09 Jul 2019 09:30:06 +0000

SINGAPORE – Billionaire inventor Sir James Dyson has quietly acquired the biggest, highest, and possibly the most expensive super penthouse on the Singapore market at the ultra-luxe Wallich Residence.

The price tag is not revealed in documents obtained by The Straits Times, but industry sources valued the Wallich uber penthouse at more than $100 million.

Miss the super penthouse? Don’t worry, we still have super penthouses in Boulevard 88, South Beach Residences…

UOL-UIC tie-up in top bid for Clementi Ave 1 site

Admin — Thu, 04 Jul 2019 05:00:13 +0000

Five bidders have thrown their hats in the ring for a 99-year leasehold private housing site in Clementi Avenue 1.

Units of UOL Group and United Industrial Corporation lodged the top bid of $491.3 million or $788.31 per square foot per plot ratio (psf ppr).

An MCL Land unit was next on $471 million or $755.75 psf ppr.

A tie-up between a Sing Holdings unit and MCC Land (Singapore) offered $452.3 million.

UOL group chief executive Liam Wee Sin said: “We like this site for the same attributes that contributed to the 100 per cent sell-out for our nearby development, The Clement Canopy.”

The 505-unit Clement Canopy was released in February 2017 and sold out in July last year.

He added: “We believe there is very strong demand for this locale due to its close proximity to a strong educational cluster anchored by the National University of Singapore, NUS High School and Nan Hua High.

“This site would attract not just home buyers and upgraders but also investors, given the potential tenants from nearby establishments such as one-north, Science Park and National University Hospital.

“We plan to develop a 40-storey project (of) 640 units. It is a timely replenishment for our landbank, given that The Tre Ver and Amber 45 are more than 75 per cent sold.”

Another state tender, for a 99-year leasehold executive condominium (EC) site at Canberra Link in Sembawang, drew eight bids.

The highest was from MCC Land (Singapore) at $233.89 million, or $566 psf ppr. This pipped the $233.5 million lodged by a tie-up between a City Developments unit and TID Residential.

MCC Land CEO Tan Zhiyong said the group has developed two EC projects – One Canberra and The Canopy – as well as project-managed two others for other developers. All four EC projects are in Singapore’s north.

“Leveraging our experience, we are confident of developing an exciting EC project of about 385 units on the site,” he added. “Overall, the EC market holds considerable prospects in the next few years with a continued controlled supply and widening EC-private condominium price gap.”

Interested about the Clementi Avenue 1 Condo: Register Here.

SOURCE FROM STRAITS TIMES :

https://www.straitstimes.com/business/property/uol-uic-tie-up-in-top-bid-for-clementi-ave-1-site

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URA launches tender for Clementi Ave 1 residential site

Admin — Fri, 01 Mar 2019 05:00:25 +0000

A public tender is under way for a 99-year residential site in Clementi Avenue 1 under the Confirmed List of the Government Land Sales (GLS) programme.

The site has a permissible gross floor area (GFA) of 57,900 sq m on 16,542.7 sq m of land, which works out to a gross plot ratio of about 3.5 times.

The maximum building height is 140m and the project completion period is 60 months.

The tender closes at noon on July 3 and is batched with an HDB executive condominium site at Canberra Link to be launched for sale in May under the GLS programme.

Up to 640 residential units could be built on the Clementi site, the Urban Redevelopment Authority said yesterday, including condominiums, flats or a combination of flats and strata landed houses, but serviced apartments will not be allowed.

The successful tenderer must also provide a childcare centre within the development with a minimum GFA of 700 sq m.

Mr Nicholas Mak, head of research and consultancy at ZACD Group, noted that the four-month tender period is one of the longest for a typically normal residential land GLS tender.

“By batching the tender closing dates, the Government is probably trying to moderate the land bidding prices, as most developers would not be able to bid aggressively for every site,” he said.

However, this may not result in lower land prices, as developers could still submit very high tender bids for the sites that most appeal to them, he said.

Ms Tricia Song, head of research for Singapore at Colliers International, said the Clementi site could potentially attract four to six bids – fewer than the seven bids for the Kampong Java private residential site that closed in January – because this site is relatively larger.

“We estimate the top bid could potentially come in at $520 million or $830 per square foot per plot ratio (psf ppr). This could put the potential average selling price at $1,400 psf,” she said.

Interested about the Clementi Avenue 1 Condo: Register Here.

SOURCE FROM STRAITS TIMES :

https://www.straitstimes.com/business/property/ura-launches-tender-for-clementi-ave-1-residential-site

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