Property Investment
Singapore Latest Launch Condo in 2012 – House Hunting
March 26, 2012 by Admin · Leave a Comment
Pdf file for download – featuring the latest condo launches in Singapore for 2012.
Both “already launched” and “upcoming property launches” available – displayed on a single Singapore map (with MRT line) for easy viewing.
Also shows the number of units available, developer, location, tenure.
Download the pdf file here and stay tuned to Singapore latest condo launches 2012.
How To Respond To A Low Offer On Your Home
January 31, 2012 by Admin · Leave a Comment
- article published with permission from author (Mr Herb Johnson)
Consider before you ignore a very low purchase offer for your home. A counteroffer and negotiation could turn that low purchase offer into a sale. When you receive a low offer on your house, the best response is to counter with a price you’re willing to accept.
You just received a purchase offer from someone who wants to buy your home. You’re excited and relieved, until you realize the purchase offer is much lower than your asking price. How should you respond? Set aside your emotions, focus on the facts, and prepare a counteroffer that keeps the buyers involved in the deal.
Check your emotions
A low purchase offer still means someone wants to purchase your home. Unless the offer is rediculously low, it deserves a response. Remain calm and discuss with your Realtor the many ways you can respond to a low purchase offer.
Counter the purchase offer
Unless you have multiple purchase offers, the best response is to counter the low offer with a price and terms you’re willing to accept. Some buyers make a low offer because they think that’s customary, they’re afraid they’ll overpay, or they want to test your limits.
A counteroffer signals that you’re willing to negotiate. One strategy for your counteroffer is to lower your price, but remove any concessions such as seller assistance with closing costs, or features such as kitchen appliances that you’d like to take with you.
Consider the terms
Price is paramount for most buyers and sellers, but it’s not the only deal point. A low purchase offer might make sense if the contingencies are reasonable, the closing date meets your needs, and the buyer is preapproved for a mortgage. Consider what terms you might change in a counteroffer to make the deal work.
Review your comps
Ask your REALTOR® whether any homes that are comparable to yours have been sold or put on the market since your home was listed for sale. If those new comps are at lower prices, you might have to lower your price to match them if you want to sell.
Consider the buyer’s comps
Buyers sometimes attach comps to a low offer to try to convince the seller to accept a lower purchase offer. Take a look at those comps. Are the homes similar to yours? If so, your asking price might be unrealistic. If not, you might want to include in your counteroffer information about those homes and your own comps that justify your asking price.
If the buyers don’t include comps to justify their low purchase offer, have your real estate agent ask the buyers’ agent for those comps.
Get the Realtors together
If the purchase offer is too low ask your Realtor to call the buyer’s agent and try to narrow the price gap so that a counteroffer would make sense.
All The Best,
Herb Johnson
859-372-8019 Direct Line
Herb@HerbJohnson.com Email
www.HerbJohnson.com Website
Buyers and Sellers wanted. Referrals Appreciated!
4895 Houston Road
Florence, Kentucky 41042
2011 private residential property price increased 5.9%
January 27, 2012 by Admin · Leave a Comment
Price
Prices of private residential properties increased by 0.2% in 4th Quarter 2011, lower than the 1.3% increase in the previous quarter and is the smallest increase since 3rd Quarter 2009.
Prices of non-landed properties in Core Central Region (CCR) increased 0.5% in 4th Quarter 2011, compared with the 0.7% increase in the previous quarter.
For Rest of Central Region2 (RCR) and Outside Central Region (OCR), prices increased by 0.1% and 0.6% respectively in 4th Quarter 2011, lower than the corresponding increases of 1.2% and 2.1% in the previous quarter.
Supply
At end of 4th Quarter 2011, there was a total supply of 77,089 uncompleted private residential units from projects in the pipeline , higher than the 76,255 units in 3rd Quarter 2011
Out of supply in the pipeline, 39,184 units remained unsold as at 4th Quarter 2011. The unsold units comprised 10,741 units in CCR, 8,350 units in RCR and 20,093 units in OCR
Sub-sales
Sub-sales accounted for 8.0% of all sale transactions in 4th Quarter 2011, higher than the 7.5% recorded in 3rd Quarter 2011.
Another Cooling Measure – Additional Buyer’s Stamp Duty for a stable and sustainable property market
December 7, 2011 by Admin · Leave a Comment
Press release on 7 December 2011
Additional Buyer’s Stamp Duty for a stable and sustainable property market
The Government announced today an Additional Buyer’s Stamp Duty (ABSD) to be imposed on certain categories of residential property purchases. The ABSD will be imposed over and above the current Buyer’s Stamp Duty, and will apply to the purchase price or market value of the property (whichever is higher) for the following purchases:
- Foreigners and non-individuals (corporate entities) buying any residential property will pay an ABSD of 10%;
- Permanent Residents (PRs) owning one and buying the second and subsequent residential property will pay an ABSD of 3%; and
- Singapore Citizens (Singaporeans) owning two and buying the third and subsequent residential property will pay an ABSD of 3%.
The ABSD will take effect on 8 Dec 2011. Remission of ABSD will be given for options granted on or before 7 Dec 2011 and exercised within 3 weeks (i.e. on or before 28 Dec 2011) or the option validity period, whichever is the earlier.
The ABSD will apply in addition to the existing Buyer’s Stamp Duty on property purchases, which are applied at following rates: 1% on first $180,000 of purchase consideration or market value of the property (whichever is higher), 2% on the next $180,000 and 3% for the remainder.
- read the complete article at http://www.ura.gov.sg/pr/text/2011/pr11-162.html
- let us know what you think of the latest measure at http://www.facebook.com/singaporerealestateinfo
2011 Brand New TOP Private Residential Properties in Singapore
February 9, 2011 by Admin · Leave a Comment
Brand New Apartments / Condos / Houses to be completed in 2011, i.e. receive Temporary Occupation Permit (TOP) in 2011.
Let us help you sell or rent your brand new property – Submit your Property Listing.
| D01 – 08 | Marina Collection | @ | Cove Drive |
| D01 – 08 | Teresa Villas | @ | Bukit Teresa Road |
| D01 – 08 | The Clift | @ | Mccallum Street |
| D01 – 08 | The Rochester | @ | Rochester Drive |
| D09 – 10 | 8 Rodyk | @ | Rodyk Street |
| D09 – 10 | Belle Vue Residences | @ | Oxley Walk |
| D09 – 10 | Cityvista Residences | @ | Peck Hay Road |
| D09 – 10 | Cliveden @ Grange | @ | Grange Road |
| D09 – 10 | Martin Place Residences | @ | Martin Place |
| D09 – 10 | Nassim Park Residences | @ | Nassim Road |
| D09 – 10 | Parc Centennial | @ | Kampong Java Road |
| D09 – 10 | Scotts Square | @ | Scotts Road |
| D09 – 10 | Signature @ Lewis | @ | Lewis Road |
| D09 – 10 | The Luma | @ | River Valley Grove |
| D09 – 10 | Ventura Heights | @ | Jalan Lim Tai See |
| D09 – 10 | Wilkie Studio | @ | Upper Wilkie Road |
| D11 & 21 | Goldhill Residences | @ | Goldhill Avenue |
| D11 & 21 | Lucida | @ | Suffolk Road |
| D11 & 21 | The Cascadia | @ | Bukit Timah Road |
| D11 & 21 | The Greenwood | @ | Greenwood Avenue |
| D12 – 14 | Dunsfold Eighteen | @ | Dunsfold Drive |
| D15 – 16 | Breeze by the East | @ | Upper East Coast Road |
| D15 – 16 | Cantiz @ Rambai | @ | Rambai Road |
| D15 – 16 | Cubik | @ | Telok Kurau Lor K |
| D15 – 16 | Envio | @ | Joo Chiat Place |
| D15 – 16 | Melrose Ville | @ | Rose Lane |
| D15 – 16 | Naturalis | @ | Telok Kurau Lorong M |
| D15 – 16 | Ricchezza | @ | Telok Kurau Lorong M |
| D15 – 16 | Sunny Parc | @ | Telok Kurau Lorong K |
| D15 – 16 | The Ambrosia | @ | Telok Kurau Lor N |
| D17 – 18 | Aston Residences | @ | Jalan Loyang Besar |
| D17 – 18 | Livia | @ | Pasir Ris Grove |
| D19 – 20 | Charlton Villas | @ | Charlton Lane |
| D19 – 20 | D’Pavilion | @ | Upper Serangoon Road |
| D19 – 20 | The Florentine | @ | Florence Road |
| D22 – 28 | Greenvale @ Sembawang | @ | Andrews Terrace |
| D22 – 28 | Park Natura | @ | Bukit Batok East Avenue 6 |
| D22 – 28 | The Hilloft | @ | Jalan Dermawan |
| D01 – 08 | Marina Collection | @ | Cove Drive |
| D01 – 08 | Teresa Villas | @ | Bukit Teresa Road |
| D01 – 08 | The Clift | @ | Mccallum Street |
| D01 – 08 | The Rochester | @ | Rochester Drive |
| D09 – 10 | 8 Rodyk | @ | Rodyk Street |
| D09 – 10 | Belle Vue Residences | @ | Oxley Walk |
| D09 – 10 | Cityvista Residences | @ | Peck Hay Road |
| D09 – 10 | Cliveden @ Grange | @ | Grange Road |
| D09 – 10 | Martin Place Residences | @ | Martin Place |
| D09 – 10 | Nassim Park Residences | @ | Nassim Road |
| D09 – 10 | Parc Centennial | @ | Kampong Java Road |
| D09 – 10 | Scotts Square | @ | Scotts Road |
| D09 – 10 | Signature @ Lewis | @ | Lewis Road |
| D09 – 10 | The Luma | @ | River Valley Grove |
| D09 – 10 | Ventura Heights | @ | Jalan Lim Tai See |
| D09 – 10 | Wilkie Studio | @ | Upper Wilkie Road |
| D11 & 21 | Goldhill Residences | @ | Goldhill Avenue |
| D11 & 21 | Lucida | @ | Suffolk Road |
| D11 & 21 | The Cascadia | @ | Bukit Timah Road |
| D11 & 21 | The Greenwood | @ | Greenwood Avenue |
| D12 – 14 | Dunsfold Eighteen | @ | Dunsfold Drive |
| D15 – 16 | Breeze by the East | @ | Upper East Coast Road |
| D15 – 16 | Cantiz @ Rambai | @ | Rambai Road |
| D15 – 16 | Cubik | @ | Telok Kurau Lor K |
| D15 – 16 | Envio | @ | Joo Chiat Place |
| D15 – 16 | Melrose Ville | @ | Rose Lane |
| D15 – 16 | Naturalis | @ | Telok Kurau Lorong M |
| D15 – 16 | Ricchezza | @ | Telok Kurau Lorong M |
| D15 – 16 | Sunny Parc | @ | Telok Kurau Lorong K |
| D15 – 16 | The Ambrosia | @ | Telok Kurau Lor N |
| D17 – 18 | Aston Residences | @ | Jalan Loyang Besar |
| D17 – 18 | Livia | @ | Pasir Ris Grove |
| D19 – 20 | Charlton Villas | @ | Charlton Lane |
| D19 – 20 | D’Pavilion | @ | Upper Serangoon Road |
| D19 – 20 | The Florentine | @ | Florence Road |
| D22 – 28 | Greenvale @ Sembawang | @ | Andrews Terrace |
| D22 – 28 | Park Natura | @ | Bukit Batok East Avenue 6 |
| D22 – 28 | The Hilloft | @ | Jalan Dermawan |
14 Jan 2011 MAS Guidelines Singapore Property Market
MEASURES TO MAINTAIN A STABLE AND SUSTAINABLE PROPERTY MARKET
a) Increase the holding period for imposition of Seller’s Stamp Duty (SSD) from the current three years to four years;
b) Raise the SSD rates to 16%, 12%, 8% and 4% of consideration for residential properties which are bought on or after 14 January 2011, and are sold in the first, second, third and fourth year of purchase respectively;
c) Lower the Loan-To-Value (LTV) limit to 50% on housing loans granted by financial institutions regulated by MAS for property purchasers who are not individuals1; and
d) Lower the LTV limit on housing loans granted by financial institutions regulated by MAS from 70% to 60% for property purchasers who are individuals with one or more outstanding housing loans2 at the time of the new housing purchase.
- Extracted from MAS Press Release
New supply & price dynamics in housing market
December 10, 2010 by Admin · 3 Comments
Article – http://www.rst.nus.edu.sg/newsreal/newsreal_final_201010.pdf
A few key findings
- price reaction to new supply differs between primary and secondary market
- primary market price react negatively to new supply
- secondary market price react positively to new supply
- developers exhibit “herding” behaviour
- price momentum effect – price increase in current quarter tends to be followed by increase in next quarter and vice versa
- flow of information between primary & secondary markets is bi-directional
D’Leedon (ex-Farrer Court) by Capitaland
November 24, 2010 by Admin · Leave a Comment
D’Leedon (ex-Farrer Court) – estimated TOP 2015
- Short walk from upcoming Farrer Road MRT station (complete 2011)
- Nanyang Primary within 1km
- Shops and markets within walking distance
- Short drive from Holland Village, Dempsey, Tanglin & Orchard
Location: King’s Road (District 10)
Tenure: 99 years leasehold
Site Area: 838,488 sqft
Total Units: 1715 (7 blocks, 36 storeys)
Unit Types:
1 bedroom ~ approx 590-840 sqft
2 bedroom & 2+1 bedroom ~ approx 780-1220 sqft
3 bedroom & 3+1 bedroom ~ approx 1080-1670 sqft
4 bedroom ~ approx 1850-1870 sqft
Penthouse, Garden Villa, Semi-D ~ approx 2200-4500 sqft
For preview / receive project plans, please email us your name and phone number.
Nearby projects recent transactions
- Waterfall Gardens (FH) – approx S$1650psf
- Sommerville Park (FH) – approx S$1400psf
- Spanish Village (FH) – approx S$1350psf to S$1400psf
MND & HDB housing policy updates
From MND – see press release
The Government announced today the following measures to maintain a stable and sustainable property market:
- Increase the holding period for imposition of Seller’s Stamp Duty (SSD) from the current one year to three years.
- For property buyers who already have one or more outstanding housing loans at the time of the new housing purchase:
- Increase the minimum cash payment from 5% to 10% of the valuation limit; and
- Decrease the Loan-to-Value (LTV) limit for housing loans granted by financial institutions regulated by MAS to these buyers from the current 80% to 70%.
The measures will take immediate effect on 30 August 2010.
From HDB – press release
This press release provides details of the measures to:
(a) Allow households earning between $8,000 and $10,000, to buy new DBSS flats with a $30,000 CPF Housing Grant;
(b) Increase the supply of new flats, Design, Build and Sell Scheme (DBSS) flats, and Executive Condominiums (EC);
(c) Shorten the completion time of Build-To-Order (BTO) flats;
(d) Increase the Minimum Occupation Period (MOP) for non-subsidised flats to 5 years; and
(e) Disallow concurrent ownership of both HDB flats and private residential properties within the MOP.
2010 Brand New Condos (TOP) in Singapore
Brand New Apartments / Condos to be completed in 2010, i.e. receive Temporary Occupation Permit (TOP) in 2010.
Let us help you sell or rent your brand new apartment and stand to receive a free iPad*
| D01 – 08 | Bliss Regalia @ Sing Avenue |
| D01 – 08 | Botannia @ West Coast Park |
| D01 – 08 | Clementiwoods @ West Coast Road |
| D01 – 08 | Kent Residences @ Kent Road |
| D01 – 08 | Marina Bay Residences @ Marina Boulevard |
| D01 – 08 | Oxford Suites @ Oxford Road |
| D01 – 08 | Parc Imperial @ Pasir Panjang Road |
| D01 – 08 | Southbank @ North Bridge Road |
| D01 – 08 | Suites 123 @ Rangoon Road |
| D01 – 08 | The Beacon @ Cantoment Road |
| D01 – 08 | The Coast @ Sentosa Cove |
| D01 – 08 | The Metropolitan @ Alexandra View |
| D01 – 08 | The Oceanfront @ Sentosa Cove |
| D01 – 08 | The Regency Tiong Bahru @ Chay Yan Street |
| D01 – 08 | Turquoise @ Sentosa Cove |
| D09 – 10 | Ardmore II @ Ardmore Park |
| D09 – 10 | Cairnhill Residences @ Cairnhill Circle |
| D09 – 10 | Cuscaden Royale @ Cuscaden Walk |
| D09 – 10 | Orange Grove Residences @ Orange Grove Road |
| D09 – 10 | Orchard View @ Angullia Park |
| D09 – 10 | Rhapsody On Mt Elizabeth @ Mt Elizabeth |
| D09 – 10 | St Thomas Suites @ St Thomas Walk |
| D09 – 10 | The Promont @ Cairnhill Circle |
| D09 – 10 | The Trillium @ Kim Seng Road |
| D09 – 10 | Tribeca @ Kim Seng Road |
| D09 – 10 | Vida @ Peck Hay Road |
| D09 – 10 | Waterfall Gardens @ Farrer Road |
| D09 – 10 | Waterford Residences @ Kim Yam Road |
| D11 & 21 | Montebleu @ Minbu Road |
| D11 & 21 | Sky Eleven @ Thomson Lane |
| D11 & 21 | The Axis @ Mandalay Road |
| D12 – 14 | Centurion Residences @ Puay Hee Avenue |
| D12 – 14 | D Casita @ Lor Marzuki |
| D12 – 14 | Dakota Residences @ Dakota Crescent |
| D12 – 14 | East Ruby @ Guillemard Road |
| D12 – 14 | Evergreen View @ Geylang Lor 36 |
| D12 – 14 | One St Michael’s @ St Michael’s Road |
| D12 – 14 | The Lattiz @ Lor Salleh |
| D15 – 16 | Celestia @ Joo Chiat Terrace |
| D15 – 16 | De Centurion @ Tanjong Rhu Road |
| D15 – 16 | East Coast Residences @ Upper East Coast Road |
| D15 – 16 | Eastbay @ Tay Lian Teck Road |
| D15 – 16 | Espira Residences @ Telok Kurau Lor K |
| D15 – 16 | Espira Spring @ Telok Kurau Lor G |
| D15 – 16 | Grand Duchess @ St Patrick’s Road |
| D15 – 16 | Idyllic East @ Upper East Coast Road |
| D15 – 16 | One Amber @ Amber Gardens |
| D15 – 16 | Palm Galleria @ Telok Kurau Lor K |
| D15 – 16 | Palmera Residence @ Telok Kurau Lor N |
| D15 – 16 | Prestige Loft @ Telok Kurau Road |
| D15 – 16 | Tembeling Court @ Tembeling Road |
| D15 – 16 | The Amarelle @ Guillemard Road |
| D15 – 16 | The Seafront on Meyer @ Meyer Road |
| D15 – 16 | The Serennia @ Pulasan Road |
| D17 – 18 | Bluwaters 2 @ Jalan Loyang Besar |
| D17 – 18 | Ferraria Park @ Flora Drive |
| D19 – 20 | Fontaine Parry @ Poh Huat Road |
| D19 – 20 | The Ambience @ Punggol |
| D19 – 20 | The Quartz @ Compassvale Bow |
| D22 – 28 | Chestnut Residences @ Jalan Emas Urai |
| D22 – 28 | Dalla Vale @ Springleaf Avenue |
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