Property Market Sentiments

[RachelProp]

Changing landscape for office sector after Covid-19

https://www.edgeprop.sg/property-news/ch...r-covid-19

[RachelProp]

Politics to play bigger role in moving Hong Kong property prices: DBS

https://www.edgeprop.sg/property-news/po...prices-dbs

[RachelProp]

Gaw Capital raises GBP28.5 mil in mezzanine financing

https://www.edgeprop.sg/property-news/ga...-financing

[RachelProp]

Prices of residential properties fall 0.6% m-o-m in April: NUS

https://www.edgeprop.sg/property-news/pr...-april-nus

[RachelProp]

Hotels must adapt to Covid-19 changes to stay afloat

https://www.edgeprop.sg/property-news/ho...tay-afloat

[RachelProp]

Positioning investment strategies in a post-Covid world: BlackRock

https://www.edgeprop.sg/property-news/po...-blackrock

[RachelProp]

OT Group’s executive director Wilson Ang assumes concurrent position as Group CEO

https://www.edgeprop.sg/property-news/ot...-group-ceo

[dreamybear]

Will we see the start of a property correction in SG ? Will bear be able to finally upgrade to a more suitable apartment ? While I am not a property expert, I think it is still too early to say, this may be a one-off thing.

======
https://www.businesstimes.com.sg/real-es...lear-units (premium article)

"THE developer of 38 Jervois has launched a fire sale slashing prices by up to S$547,320 so that it will not incur the Additional Buyer's Stamp Duty (ABSD).
The discounts range from 13 per cent to 24 per cent for the remaining 16 units in the 27-unit freehold boutique..."

[brattzz]

38 Jervois is not mass market sir... :O :O

[dreamybear]

38 Jervois is not mass market sir... :O :O

The last transactions of Central Green (900+ sq ft ; 99 yrs since 1992), which is opposite Tiong Bahru MRT) are around S$1.3m whereas 1000 sq ft Metropolitan condo(99 yrs since 2006) beside Rehill MRT are ard S$1.6m.

According to https://www.facebook.com/109259867471168...154110206/ via google search, the price of 3 bdrm(which I think is ard 900+ sq ft) in 38 Jervios is now starting from S$1.6+m(discnt fr S$2.085mil).   

This lack of price differentiation (99 yr mass mkt vs D10 FH) has caught my attention. I think it is quite a bargain esp for those very high net worth(>$5m), like undervalued stock, for an investment property(frankly I think too small to stay as permanent home).

So far, Propnex has reported gd 1Q2020 results, I think the property mkt situation will become clearer during 2Q2020, still think this is a one-off.
http://investor.propnex.com/newsroom/PXL...elease.pdf

==================
A third of units at 38 Jervois sold in three weeks (Apr 2018)
https://www.edgeprop.sg/property-news/th...hree-weeks
"...The buying momentum began on March 22, when three units were sold: a 646 sq ft, two-bedroom unit, for $1.53 million ($2,367 psf); and two 474 sq ft, one-bedroom units, for $1.17 million ($2,465 psf) each..."