Remaking of the coastal town of Pasir Ris

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


Get ready for the upturn

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


Are you paying too much for an old HDB flat?

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