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8/20/2019 Singapore Property Weekly Issue 229
1/10
Issue 229Copyright © 2011-2014 www.Propwise.sg. All Rights Reserved.
http://www.propwise.sg/http://www.propwise.sg/
8/20/2019 Singapore Property Weekly Issue 229
2/10
ContributeDo you have articles and insights and articles that you’d like to share
with thousands of readers interested in the Singapore property
market? Send them to us at [email protected] , and if they’re good
enough, we’ll publish them here, on our blog and even on Yahoo!
News.
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CONTENTS
p2 Achieving True Freedom through
Property Investing
p6 Singapore Property News This Week
p9 Resale Property Transactions
(September 23 – September 29 )
Welcome to the 229th edition of the
Singapore Property Weekly .
Hope you like it!
Mr. Propwise
FROM THE
EDITOR
mailto:[email protected]://www.propwise.sg/advertise/http://www.propwise.sg/advertise/mailto:[email protected]
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SINGAPORE PROPERTY WEEKLY Issue 229
Page | 2Back to Contents
By Dr. Patrick Liew (guest contributor)
Real estate meets a basic need for shelter. It
is a major contributor to our comfort,
happiness and overall well-being. It is a
platform that can be used to strengthen a
community and improve society. It is also animportant pillar to strengthen the economy
and make the world a better home.
The investment value of real estate
As an investment instrument, real estate is
generally treated as an AAA-class of investment. It is known to appreciate faster
than the inflation rate and can therefore
contribute to the preservation and growth of
wealth.
Achieving True Freedom through Property Investing
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SINGAPORE PROPERTY WEEKLY Issue 229
Page | 3Back to Contents
Property investors can leverage on bank
borrowings and other forms of fund-raising to
own real estate. Subsequently, real estate
can also be used as collateral to unlock cash
for further investment or to be used in an
emergency.
Through astute property investment, investors
can profit in several ways. The returns on an
investment include capital appreciation, rental
yield, en-bloc potential, profit from additionand alteration, and several other ways to
value-add to the original investment.
That's why many millionaires have become
rich directly or indirectly from real estate
investment. It is not uncommon to hear from
many astute investors that they have made
more money from real estate investment than
from their savings, business profits, and
returns from other instruments of investment
combined.
The sad truth about real estate investment
The sad truth about real estate investment is
that most people are ignorant and apathetic
about it. Many have lost a large part of their hard-earned money to the people who are in
the know.
As part of my doctorate studies, I focused on
financial intelligence – in other words, how to
earn, preserve, invest, grow, and spend
wealth wisely.
I discovered that most people across the
developed and developing world either have
no or a low level of financial intelligence. In
particular, they have an inadequate level of
financial intelligence for real estateinvestment even though they have to be
involved in buying, selling, leasing, and
transacting some properties in their life.
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Research shows that the lack of financial
intelligence can cause a cascade of negative
effects, including the incurring of unnecessary
debt and other negative effects on their
family, community, economy and society.
Increasing your level of financial
intelligence in property investment
The low level of most people’s financial
intelligence in property investment is a result
of a lack of education by their parents andsociety. They were not taught about real
estate investment through their formal
education or by their bosses and colleagues
in the workplace.
In addition, they do not have credible and
competent friends or acquaintances who can
help them learn this critical skill, which can
help in their survival and success in life. To
make matters worse, many of them are
misled by friends and even some self-
proclaimed experts, some of whom are prone
to dishing out the wrong advice, even if it is
out of good intentions.
I feel that is it part of my calling to educate
people about real estate investment and
empower them to achieve true wealth from it.
Real estate as a means to true freedom
I have always said that if you invest in the
right real estate, it will help you achieve true
freedom. When you achieve true freedom,
you have financial freedom, time freedom,
lifestyle freedom, and contribution freedom.
In other words, you have the freedom to fulfil
your dreams and the time to enjoy the fruitsof your dreams. You can experience the best
of life and provide the best to your loved ones
and the people around you.
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I'm honoured and humbled to be given an
opportunity to share about real estate
investment with another group of "hungry"
participants, who want to know how to profit
from real estate investment to achieve true
freedom.
Dr. Patrick Liew was previously the Chairman
and CEO of HSR, a listed property agency,
and has founded and listed two companies. In
addition to an MBA, MSc and BSc, he hasachieved a PhD based on his work on
Financial Intelligence. He has started many
charities and works with schools to provide
free financial education to young people. His
mission is to help ordinary people create,
invest and grow their wealth.Click here to signup for his free talks on Street-Smart Property
Investment Strategies.
http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.moneymatters.sg/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/http://www.propwise.sg/events/
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Singapore Property This Week
Page | 6Back to Contents
Residential
H D B r e sa le p r ice s f e l l b y 0 . 4 % w h ile r e sa le
tr an sac tio ns in cr eas ed b y 3.9% in
Se p t e mb e r
Data from SRX Property showed that as HDB
resale prices fell by 0.4% month-on-month in
September, resale transactions rose by 3.9%
to 1,504 units in September, up from the
1,447 units that changed hands in August this
year. Market experts said that the fall in
prices is gradual and stable, and they believe
that a slow moderation of prices is expected
to continue for the rest of the year. On the
whole, market experts predict that there will
be a 2% to 3% drop in resale prices this year.
Ong Kah Seng from R’ST Research said that
in H2 2015, price changes have been
minimal; with just fluctuations of 0.5% month-
on-month. Ismail Gafoor from PropNex added
that more buyers are entering the market as
the current price point is attractive for young
couples and upgraders.
(Source: Business Times)
M OF : n o c h an g e t o 5 -y ear d ea dl in e f o r
d ev el op ers t o c o m plet e an d s el l o ff a
p r o j e c t
According to the Ministry of Finance (MOF),
there will be no change to the 5-year deadline
for developers to complete and sell of a
residential project.
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If developers fail to meet this deadline, they
will have to pay 15% additional buyer’s stamp
duty with interest calculated at 5% per annum
starting from 14 days after the date of
contract or agreement. According to MOF,this measure was intended to encourage the
supply of housing units and to help moderate
residential property prices. Due to the
sluggish real estate market, developers have
been struggling to meet the deadline, and
several had requested for an extension. Thetight deadline also meant that developers are
less willing to take up bigger projects as they
may not be able to clear stock in the midst of
a weak market. In response, a spokesperson
from MOF said that the government will
continue to monitor the market and review
policies accordingly.
(Source: Business Times)
C o m p et it io n f o r l an d i s h eal th y d es p i te
c a u t i o u s b i d d i n g b y d e v e l o p er s
While developers may be bidding more
cautiously, the competition for land remains
healthy. According to a report by BNP
Paribas, like-for-like comparisons on plots
sold this year compared to earlier sites in the
vicinity show that bidding prices have fallen
but demand remains intense, as an average
of 9 bids per site were recorded since the
start of the year. This is up from the averageof 7.3 bids last year. According to the report,
supply cuts in the Government Land Sales
programme may have fuelled developer’s
demand. Particularly, competition for land is
still steep from non-traditional developers,
such as foreign developers, boutique localdevelopers and construction-related firms.
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Yet, the report noted that net margins of
developers’ new projects had fallen to 11.8%
in 2014, down from 12.6% in 2013.
(Source: Business Times)
Commercial
CB D o ff ic e r en ts f al ls in Q3 b y 4.1%
quarter-on-quarter
According to DTZ, the average monthly gross
rents in the CBD have fallen by 4.1% quarter-on-quarter to $10.40 psf in Q3. In particular,
the average monthly gross rents in Marina
Bay fell 5.5% to $13 per sq ft per month while
rents in Raffles Place fell by 3.4% to $10.45
per sq ft per month in Q3 from the previous
month. In the city fringes, a 2.1% drop inrents was observed over the same time
period. DTZ believes that the economic
slowdown could have affected the office
rental market. Cheng Siow Ying from DTZ
added that as landlords compete to retain and
attract tenants, leasing incentives have
increased. Also from DTZ, Lee Nai Jia
predicts that office rents in the CBD willcontinue to fall as the global economy
remains uncertain.
(Source: Business Times)
SINGAPORE PROPERTY WEEKLY Issue 229
http://propertymarketinsights.com/
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Non-Landed Residential Resale Property Transactions for the Week of Sep 23 – Sep 29
Postal
DistrictProject Name
Area
(sqft)
Transacted
Price ($)
Price
($ psf)Tenure
1 THE SAIL @ MARINA BAY 861 1,445,000 1,678 99
3 THE METROPOLITAN CONDOMINIUM 786 1,130,000 1,438 99
3 THE METROPOLITAN CONDOMINIUM 1,744 2,350,000 1,348 99
3 THE ANCHORAGE 1,464 1,869,888 1,277 FH
3 TANGLIN VIEW 1,249 1,438,000 1,152 99
4 THE INTERLACE 5,339 5,100,000 955 99
5 HERITAGE VIEW 969 1,115,000 1,151 99
5 VISTA PARK 732 685,000 936 99
8 CITY SQUARE RESIDENCES 1,206 1,700,000 1,410 FH
9 THE TRILLIUM 2,217 4,700,000 2,120 FH10 ARDMORE II 2,024 5,050,000 2,496 FH
10 PALM SPRING 947 1,458,000 1,539 FH
10 THE TESSARINA 958 1,442,000 1,505 FH
10 ROYALVILLE 1,012 1,452,220 1,435 FH
10 SPRING GROVE 1,787 2,405,000 1,346 99
11 NEWTON 18 926 1,630,000 1,761 FH
14 MELOSA 484 640,000 1,321 FH
14 CHEN FANG MANSIONS 936 830,000 886 FH
14 EUNOSVILLE 1,701 1,150,000 676 102
15 THE SEA VIEW 1,216 2,065,000 1,698 FH
15 THE SEA VIEW 560 930,000 1,662 FH
15 THE VIEW @ MEYER 1,690 2,768,000 1,638 FH
15 ONE FORT 1,206 1,300,000 1,078 FH
15 THE TREELINE 1,109 1,190,000 1,073 FH
Postal
DistrictProject Name
Area
(sqft)
Transacted
Price ($)
Price
($ psf)Tenure
15 MANDARIN GARDEN CONDOMINIUM 1,572 1,400,000 891 99
15 STILL MANSIONS 1,141 980,000 859 FH
16 COSTA DEL SOL 1,345 1,570,000 1,167 99
18 DOUBLE BAY RESIDENCES 1,001 1,100,000 1,099 99
18 THE TROPICA 1,238 950,000 767 99
19 THE MINTON 549 660,000 1,202 99
19 KOVAN MELODY 1,410 1,500,000 1,064 99
19 RESIDENCES BOTANIQUE 1,055 1,109,000 1,051 FH
19 KOVAN MELODY 1,690 1,670,000 988 99
20 RAFFLESIA CONDOMINIUM 1,216 1,200,000 987 9921 GARDENVISTA 926 1,200,000 1,296 99
21 SUMMERHILL 947 1,038,888 1,097 FH
21 SUMMERHILL 1,302 1,250,000 960 FH
21 THE CASCADIA 1,744 1,600,000 918 FH
22 PARC VISTA 1,518 1,302,500 858 99
23 GLENDALE PARK 1,206 1,230,000 1,020 FH
23 REGENT HEIGHTS 1,023 860,000 841 99
26 THE CALROSE 1,141 1,340,000 1,174 FH
NOTE: This data only covers non-landed residential resale propertytransactions with caveats lodged with the Singapore Land Authority.Typically, caveats are lodged at least 2-3 weeks after a purchasersigns an OTP, hence the lagged nature of the data.