I know it’s a little late but it’s better late than never! Ever wonder how the luxury condominium market is doing in Singapore? Credits to The Edge (my favorite investment weekly publication), these are the ranks of the top 10 deals that has been sold in 2013. Continue reading “Top 10 Singapore Condominium Deals in 2013”
Goodwood Residence by Guocoland has just received its Temporary Occupation Permit (TOP) status a week back. Situating at the beginning of Bukit Timah Road, this freehold development is conveniently located right next to Balmoral Plaza. Within reach of many international and prime schools, the location is a boon to familes who have kids studying around the vicinity and has business in the CBD area.
Quick Project Information about Goodwood Residence
Project Name – Goodwood Residence
Developer – Guocoland
Architect – WOHA Architects
Address – 261, 263 & 265 Bukit Timah Road (D10)
Tenure – Freehold (Estate in Fee Simple)
Type – Condominium development with two blocks of 12-storey residential flats
Number of Apartments -210
Carparks – 394
Facilities – Full Facilities including 2 Tennis Courts
Photos of Facilities
Lush landscaping was done, facilities were very well thought. The club-house and concierge service provided is a luxury for residents. Each resident also have a golf club locker provided at the basement lobby which is well designed to receive guest too. Continue reading “Goodwood Residence has TOP”
A Happy New Year to everyone :-)
After a training for my agency SLP Realty earlier in the morning and I think these snippets are pretty useful to share as they are common questions to which Dropbox, Google Drive users would normally ask in terms of how they manage their cases and productivity. There are also several other pointers which I brought out which is important in order for Evernote to be useful to you.
Evernote vs Dropbox, Sugarsync, Google Drive, SkyDrive (Whatever you can think of)
Dropbox, Sugarsync, Google Drive, Sky Drive are cloud services which offers online backups. Although they are useful and many swears by organizing their database cleanly so that it becomes effective, it was never meant to be a planning tool. Continue reading “Difference between Cloud Storages & Evernote”
I thought this is too true and unforgivable if I don’t share this. This is an opinion by a good friend who prefers to be anonymous. And like how he ends it, you do your numbers.
If you have the time, here’s something to think about over the weekend. This was first written in 2010. I have updated some details and numbers. Nevertheless, the principles are still relevant. Here’s my take on the these measures.
These new measure are targeted at the Speculators & Speculative Investors (“Specuinvestor”) i.e. those who are in the game for the short term, generally not very financially savvy and most of all, not very cash-rich but wants to make a quick buck. What happens is that they tend to over-leverage and have a “punting’ mentality. It will not really affect those with deeper pockets. Another 10% to 20% cash downpayment……… so what? These people will be thinking “Hey, it is just like paying down my loan resulting in lower monthly payments, lower interest payments and higher principle payments ………….…….. no skin off my nose”. Continue reading “A Friend’s Take on Singapore Property Cooling Measures”
As I was writing about why Evernote was essential to my business 3 days ago and getting ready for the lesson for my team, it would be better to further deliberate on some scenarios why Evernote could boost your sales instead of just plain boasting about that green elephant. These are some snippet applications on what you could use your Evernote for in Real Estate.
Using a Pen and a Paper to Goal
I love to doodle. It’s innate. And it’s still my best way to get many things done with even checklist boxes and things to do with scenes to follow. Since it’s the end of the year and most of us would write the goals for 2014, why not try this:-
Write your quarter goals for 2014 (Q1, Q2 nada nada) and have them broken down into what you would be doing on a piece of paper? I use Moleskin because I’m a sucker for quality products, but hey, a 555 jotter (your childhood 10cents book) will work here. Write down everything you want to do for 2014 and snap shot with Evernote ‘Document’ camera mode.
The Singapore Government has cut short of supply to their Government Land Sales with the announcement of 7 new sites for next year in H1 2014. Of the 7, 4,630 private apartments can be carved to the supply and it’s one of the lowest supply introduced since 2010.
Right next to Wingtai’s “The Crest” (960 psfppr in September 13) would be the only GLS plot (2.37ha) which is at City fringe for H1 2014 and can potentially yield 655 homes would be the highlight of the exercise.
- URA – First Half 2014 Government Land Sales (GLS) Programme
- Channel News Asia – Govt releases H1 2014 land sites for sale
- Business Times – Govt cuts land sales under weight of supply
This would be a good indicator of Singapore developers sentiments for the market on whether are they still positive on topping and developing their land bank for the consumers.
With limited residential supplies coming online, the Government is watching very closely on the supplies as well to prepare a soft landing should the market do some corrections.
ps. What’s interesting to me would be the commercial plot which is right next to City Plaza. The area has a good vibe going on with UOL’s Katong Regency coming online.
After a good 7 years, I have been going through what is seemingly a high transition on how print media dropped its anchor of being the leader in information and coverage; where Real Estate sales became more transparent with different media portals, discussion boards, and even the way that you handle your clients have changed.
Brooding over the weekend, these are the factors which are important to me and why Evernote is a game changer and why you should use it to run your Real Estate business.
Why Do You Need a Third Brain
There’s too many things happening in our fast paced career. You have appointments to appointments, with things to follow through from different customers. You have things to learn everyday. You follow up with real estate news. New cooling measures break in, you have to follow through the regulatories to understand and see how it applies to each of your clients.
You drive. Calls come in, you have to probably “take notes” or call your clients later. This can go on, sometimes even 14 days in 2 weeks. And you forget something important in the midst. You get into trouble.
To complete the loop for a sustainable Executive Condominium (ECs) market, Ministry of National Development has introduced 3 primary measures to the EC segment, primarily:-
- Reduce EC Cancellation Fees – From existing 20% down to 5%
- Resale Levy for Second-Timer Applicants – Formerly second timers are not required to pay a levy. This is applicable to only new EC land sales which are launched on or after 9th December 2013
- Revision of Mortgage Loan Terms – From a previous mortgage servicing ratio (MSR) level of 60% to now 30% of a borrower’s gross monthly income. The MSR cap will apply to EC purchases from today onwards.
You can read more from the official source.
How will it affect the EC Market?
This will still primarily drive the 1st timers to purchase at ease and since they have lower cancellation fee, this would allow them to think prudently on their financing capability. Backing out would be less painful for them.
2nd timers would probably rush for existing EC launches prior before today so they would be able to avoid the levy. Again, these pool of purchasers would weed out in the market gradually.
EC developers would also be more careful when it comes to bidding for future EC land when it comes to affordability of EC purchasers since the MSR level came down drastically. We’ll see more competitive land bids for future plots; if not lesser.
Will it affect the Overall Market?
As of current, the primary indicator would still be HDB. With HDB prices tapering and aggressive supplies in the pipeline introduced by the government coming online, this would be the median basis of the fundamentals.
Prices should soften for the resale market for the next two quarters, as we’re experiencing a shift of tide already from the seller to the buyer’s market.
Whilst prices might soften, residential buyers should not expect a drastic drop in pricing as the rental market for residential segment is still active.
Riots happened in Little India last night around 9.30pm at the cross junction of Race Course Road and Hampshire Road involving at least 400 people, involving some 300 police both Special Operations Command (SOC) and the Gurkhas Contingent were activated to mobilise the incident. You can read more about it in Straits Times Online.
As of most Singaporeans, I had trouble sleeping knowing there was mishap happening in the country. The speed of social media’s reach was amazing. Twitter triumph all social platforms on the updates, even faster than our news media since the first photo of the riot was posted, and videos follow suit in Youtube for the explosions of the emergency vehicles. A hashtag search on #littleindiariot and you would get the latest updates with Minister Tan Chuan-Jin (@chuanjin1) pleading the public to stay calm during the ordeal. The tag has caught a huge global audience with the trending ranks of Twitter.
Kudos to the effective Home Team whom managed to subdue the angry mob within a short period of time without even firing a shot (Having gone through Army, I understand the rules of engagement well). At least no one else apart from the traffic accident was killed amidst the riot. My heartfelt gratitude to the peacekeeping HomeTeam and people whom are trying to help on site even amidst the chaos. Continue reading “Riots at Little India Resolved, Roads are Open”
URA draft master plan for 2013 is out. While I spend sometime in digesting what is happening in the future, the Master Plan on its own is ready for usage. You could even check whether any land is intensified via here.
You can also visit the exhibition for the Draft Master Plan at URA Centre to find out more.