Alan Mok Realtor

22/08/2023

Property Newsletter Weekly Update

22/08/2023

New "Plus" Flat Classification with stricter resale conditions. No more differentiation between mature and non-mature estates.

26/05/2022

More Singapore property developers expect prices of new launches to go up: Survey
https://www.straitstimes.com/business/property/more-singapore-property-developers-expect-prices-of-new-launches-to-go-up-survey

Home buyers may have to brace themselves for more expensive private homes from new launches as about 71 per cent of developers expect their unit prices in the next six months to be moderately or substantially higher, the results of a poll revealed.

Meanwhile, rising construction costs have joined rising inflation and interest rates as the top two potential risk factors in the next six months for almost 95 per cent of senior executives in real estate companies.

"Real estate has often been perceived as a good hedge against inflation. The positives from increased demand are likely to offset the negatives from the government measures and uncertainty."

Rising construction costs have joined rising inflation and interest rates as risks to the property market. . Read more at straitstimes.com.

09/05/2022

https://www.edgeprop.sg/property-news/piccadilly-grand-sells-77-units-launch-weekend-sets-new-benchmark-2150-psf

Units sold ranged from $1.06 million ($2,190 psf) for a one-bedroom unit to $3.676 million ($1,798 psf) for a 2,045 sq ft, five-bedroom premium unit.

26/04/2022

Demand VS Supply. Will the prices continue to go up or will it come down?

By the first quarter of this year, Singapore had only 14,087 unsold units still under construction, the lowest since that data point was made available in 2006.

SINGAPORE'S property boom has left the tiny island state with a record low number of new homes for sale, threatening to undermine government efforts to calm the market. Read more at The Business Times.

20/04/2022

The sales of new private homes rebounded in March 2022, as more buyers returned to the market, following the Chinese New Year festive period in February and as Singapore moved to simplify as well as ease Covid-19 measures during the month. However, the lack of new major launches continued to weigh on new home sales.

Developers sold 654 new private homes (excluding Executive Condos) in March 2022, representing a 20.7% increase from the 542 units transacted in the previous month. On a year-on-year basis, last month’s sales were down substantially by 49.5% from the high base of 1,296 units shifted in March 2021, where the launched of Midtown Modern had helped to prop up sales then.

More details at

Private New Home Sales March 2022 Edition The sales of new private homes rebounded in March 2022, as more buyers returned to the market, following the Chinese New Year festive period in February and as Singapore moved to simplify as well as ease Covid-19 measures during the month. However, the lack....

15/04/2022

Congrats!! Provence Residence EC 100% SOLD!!!

14/04/2022

Condo rents rose at a quicker pace of 2.9 per cent compared with February’s 1.4 per cent, and HDB rents rose by 1.4 per cent compared with 1.7 per cent the month before.

https://www.straitstimes.com/business/property/condo-hdb-rental-volume-bounces-back-in-march-rents-continue-to-rise?

This marks the 15th straight month of growth for condo rents and the 21st for HDB rents. . Read more at straitstimes.com.

03/04/2022

🔴 LATEST: Flash Estimates Q1 2022

✨Private home prices and HDB resale prices continued to rise, albeit at a slower pace in the first quarter of 2022, following the introduction of new property cooling measures in December 2021 that were aimed at stabilising the market and reining in buying demand from foreigners and investors with multiple properties. Private home prices inched up by 0.4% QOQ while HDB resale prices grew by 2.3% QOQ in Q1 2022.

31/03/2022

China’s rich are moving their money to Singapore. Beijing’s crackdown is one of the reasons

More and more wealthy Chinese are worried about keeping their money on the mainland and see Singapore as a safe haven.

27/03/2022

Will we be seeing an influx of foreigners looking to buy property in Singapore? And how will it affect the current prices?