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Australia Housing Property Marketing Showing Slowness Trend

The house price increase in Melbourne is slowing down.
Australia’s runaway property market showed its first hints of cooling, with the Sydney house price index increasing by 3.2 percent in the first nine months of the year following two years of double digit increase, while price increases in Melbourne was at its slowest in more than a year at 6.9 percent, reported Bloomberg, citing government data.
This comes amid the central bank’s warning of an impending oversupply of inner city flats, with Morgan Stanley expecting the surplus to reach 100,000 units by 2018.
“I simply don’t believe it can continue,” said Paul Dales, Capital Economics Chief Economist for Australia and New Zealand. “General market states aren’t really consistent with this specific strength going substantially further.”
With this, Australia’s biggest banks – Westpac Banking Corp, Australia & New Zealand Banking Group, National Australia Bank and Commonwealth Bank of Australia – increased their mortgage rates to 15 basis points for landlords by seven basis points this month.
Apartment building also begun to fall back, after peaking in March. commencements with 31,546
Paul Bloxham, hSBC Holdings Leader Australia Economist, noted that tighter lending standards for property investors and foreign buyers, as well as capital controls by Chinese authorities, have aggravated the slowdown.
On the hand, Singapore developer seem to be able to dispose quite a substantial number of units during the last quarter of 2016. And 2017 will see more popular projects like Inz Residence EC By QingJian  to launch in early 2017.
“The Australian home market is cooling,” wrote Bloxham in his 2017 home prognosis report in November. “Tighter prudential settings along with a pull-back in foreign demand are expected to weigh on prices, particularly of flats.”
As population growth and record low interest rates underpin the market few, however, are expecting an outright crash.
Actually, HSBC anticipates Sydney costs to increase by four to six percent in 2017, and two to four percent in Melbourne. That is certainly still a healthy investment given that economists expect the Reserve Bank of Australia to keep its official cash rate at 1.5 percent by next year.
“Average Australian investors want powerful and steady yields,” said Michael Yardney, Director of Metropole Property Strategists.
There are not a lot of other asset categories other than residential property that offer that he added, while noting the ending of the age when money is being made by every property.

Posted in Investment Tips

Grandeur Park Residences Or Fraser Centrepoint Tanah Merah

Coming soon in 2017, competing two new launches will be Grandeur Park Residences and another launch by Fraser near Siglap.
Both are within the same vicinity and similarly, both are good local developers namely CEL and Frasers respectively.
Talking about Grandeur Park Residences condo, the proximity to the Tanah Merah MRT is very near, that is within walking distance.
The previous launch by CEL, High Park Residences has performed very well, with the smaller units fully sold out on the 1st day of launch.
As for the new launch by Fraser, the main attraction will be the SEA VIEW that will captivate the potential buyers. In short, i believe Grandeur Park Residences should command a better rental return due to the MRT effect.

As can be viewed from the aerial view, the south of the site that fronts Jalan Limau Kasturi also dominates the landed houses of Bedok Ville. From there towards East Coast Park, it really is pretty generally low rise. Higher floor units facing that way can expect the south winds, and possibly even glimpses of the ocean. These units will probably be snapped up first.
As for the Frasers launch, with all the breathtaking seaview right in front of you is a part of the everyday vibrancy and where east shore part and nature parks offer a soothing counterpart where festivals, restaurants, boutiques. Using a site region of 19, 309.6 sqm, Siglap Residences is just within 2km of Victoria School and Ngee Ann Primary School and close to East Coast Park.
Restaurants endless stores, movie theatres and a number of other amusing choices are available at Marine Parade Town Centre, 112 Katong and nearby Parkway Parade. Other reputable schools nearby are CHIJ Katong Convent, Tao Nan School and Victoria Junior College.
Definitely a truly chance to be involved in an excellent progression in the way that people think about home.

Posted in Investment Tips

Will You Buy Straits Mansions or Forest Woods?

Coming soon in the property market, presents 2 new launches that is the Straits Mansions and Forest Woods that capture my attentions:
Let’s gossip about Straits Mansions:
This 25 units development at location Marine Parade is a freehold project by Roxy pacific, a prestigious developer who has developed well-received condos like Eon Shenton and Spottiswoode. Talking about the location, it is only approx to 150m to Marine Parade MRT that will take less than 5 min walk for a normal pace. Since it is a boutique project, it provides a serene environment to live in with minimal disturbances! Parents will love this development since it is near to renowned Tao Nan School as it  is within 1km. Also within 1km are Haig’s Girls’ School, CHIJ Katong Girls’ School and Tanjong Katong Primary School.
 
On the other side of the coin, small project though provides a quiet environment but from what i heard from the agents, the resell pace will be slower than the general project that has more than 200 units. Also not forgetting the maintenance fees since there are lesser owners sharing the fees, the fees will be higher than the general project.
Weigh your pros and cons, if you value privacy more than anything else, then go for this small project, you can click to the developer sales website Straits Mansions.
For me, i only like big project where landscaping will be more impressive.
Let’s brat about Forest Woods Now:
Disclaim: I live quite near this project, so i have bias view on Forest Woods. The name is a little disappointed as if we are staying in a Forest. (Am i a Tarzan?)
This 99 years leasehold project can fetch around or more than 500 units around 12-13 storey tall, developed by CDL, another good developer in Singapore for sure. They developed Gramercy park and thus definitely have the experience to build great residences for us! Did i say us? You know i will be keen in this Forest Woods.
Forest Woods is located at Lorong Lew Lian, Upper Serangoon Road, 5 mins walk to Serangoon MRT Station. The nearby shopping centres included the famous overcrowded NEX shopping mall and good nearby schools like Paya Lebar Methodist Primary and Secondary Girls School, Zhong Hua.
The unknown reasons why i choose this condo are because there are many memories for me a Hougang and Serangoon areas, like the famous eateries, you can read up more at http://www.ladyironchef.com/2015/08/singapore-serangoon-kovan-cafes and of course the childhood friends when we play marbles and catching.
There are so many developer websites on Google now and most likely they are the agents websites, anyway click here to get more information about Forest Woods. Will be going for the vvip balloting for sure.

Posted in Investment Tips

The Top 5 Best Selling Project During June

kingsford-waterbay

Image credit from http://www.kingsfordwaterbaycondos.com
Property developers sold 536 private residential units, excluding executive condominiums (ECs) last month, down 50 percent from the 1,065 units sold in May, shown latest data from the Urban Redevelopment Authority (URA).
There were three reasons for the fall in seasonal effects of the June school holidays, sales, specifically selective purchasing opinions and no new important starts, said PropNex Realty.
Only 234 new private units were established in June, down 80 percent from May. Meanwhile, no new ECs were established in the month.
“The upcoming launches of Gramercy Park and Lake Grande will help to boost quantity as developers look to step up their launch activities before the Hungry Ghost Festival hits in August.”
Meanwhile, the five top-selling projects were The Vales EC, Kingsford Waterbay, The Glades, Kingsford Hillview Peak and Bellewaters EC.

1. Bellewaters EC (OCR)
Developer: Qingjian Realty
Tenure: 99-year leasehold
Location: Anchorvale Crescent (D19)
Nearest MRT station: Sengkang MRT
Median price: $804 psf
Total no. of units: 651
Sales update: 43 units sold in June2. Kingsford Waterbay
Developer: Kingsford Development
Tenure: 99-year leasehold
Location: Upper Serangoon View (D19)
Nearest MRT station: Hougang MRT
Median cost: $1,185 psf
Overall no. of units: 1,165
Sales upgrade: 34 units sold in June3. The Glades
Developer: Keppel Land and China Vanke
Tenure: 99-year leasehold
Location:
Nearest MRT station:
Median cost: $1,402 psf
Overall no. of units: 726
Sales update: 32 units sold in June4. Kingsford Hillview Peak
Developer: Kingsford Development
Tenure: 99-year leasehold
Location: Hillview Avenue
Nearest MRT station: Hillview MRT
Median cost: psf $1,315
Entire no. of units: 512
Sales upgrade: 31 units sold in June5. The Vales EC
Developer: SingHaiyi Group and Kay Lim Investment
Tenure: 99-year leasehold
Place: Sengkang (D19)
Nearest MRT station: Sengkang MRT
Median price: $779 psf
Overall no. of units: 517
Sales upgrade: 28 units sold in June

Posted in Investment Tips