The coastal town of Pasir Ris will be made over within the next decade. Residents can expect a town centre with more shops, a partly-sheltered community space,
and about 2,000 new HDB units. Continue reading
There are few property reports in April 2017 indicating some upbeats in the market. One of the reports is from Morgan Stanley commenting that Singapore’s property prices to double by 2030. The other report is by OCBC Investment Research Team. Go check the report out. They must be taken with a pinch of salt though.
Sources: CNBC, OCBC
CDL is the top bidder of the 2.17 ha residential site at Tampines Ave 10. The top bid of $370.1 million for the 99-year leasehold site works out to about $565 psf on the land. Continue reading
The Tuas mega port, slated to open in phases from 2021. The new Tuas port – which will be twice the size of Ang Mo Kio town – will be opened progressively from 2021. When fully completed by 2040, it will be able to handle up to 65 million twenty-foot equivalent units of cargo a year, more than double what the port handled last year. Continue reading
The two 99-year leasehold plots could yield 1,160 private homes. One site offered for sale is at Lorong 1 Realty Park in Hougang and earmarked for landed housing. The other is at Stirling Road in Queenstown is for a large condominium. Continue reading
There will be two new public housing areas: a 10ha site next to the Caldecott MRT station on the Circle Line and the upcoming Thomson-East Coast Line in Toa Payoh Rise, and a 4ha site in Toa Payoh East, next to the Lian Shan Shuang Lin Monastery. Continue reading
How to figure out if an old HDB flat is worth its asking price? Besides looking at the psf, look at also the psf on a per annum of the balance lease. Here is an example:
a Bukit Timah flat of 1,345 sq ft that sold for $950,000, reported in The Straits Times recently. That is $706 psf.
That flat was built in 1974 on a 99-year lease. It thus has 56
years of lease remaining. The price psf on a per annum of
balance lease basis is $12.60.
Is that a good price?
Check out the full report The Straits Times
HDB unveiled renewal plans for Woodlands, Toa Payoh and Pasir Ris. Pasr Ris Park and Beach will also be rejuvenated with more family-oriented spaces and recreational options. The renewal plans will strengthen the characters of each town and to improve the cycling and walking experience within the towns. Continue reading