Limited Supplies of 1 Bedroom ( New Launches) in CCR

There aren't many 1 bedrooms launched in recent years for those new condominiums in CCR. Among those that launched within the past 2 years, only 5 have 1 bedrooms and they are8 St Thomas, Loydl 65, 8 Hullet, Marina One and Wallich Residences.

8 St Thomas is the cheapest at $1.46mil, but the location is quite a distance from the MRT.

The 2nd cheapest is MarinaOne, selling at $1.7mil, but this project is a 99yrs leasehold.

The next is 8 Hullet at $1.77mil.

And both Lyold65 and Wallich Residences are all above $2mil.

That makes 3 Cuscaden price for 1 Bedroom very attractive, in terms of entry prices and location of the condominium.

With the limited supplies for 1 bedroom, and demand for these sizes are usually very strong, do not miss the opportunity to own one of the luxurious yet affordable unit in CCR.

Is $4000psf at CCR going to come in the future?

Currently the new launch at 3 Cuscaden is going at $3500 psf, as supply is usually limited in CCR and demand is quite stable, will we see the price touch $4000psf?

120 Grange saw many units transacted at above $3000psf, 

Former Park House was purchased by Hong Kong listed company at $2900psf, they will need to sell between $3700 to $3900 psf to break even..

So will the future development in CCR sells at above $4000psf as the new acceptable entry price?

URA changes floor size outside of CCR

The recent announcement from URA in regarding smaller shoebox units, namely the 1Br and 2br, is worth to ponder upon.

Why does URA suddenly came up wirh a regulation to have the developers increase the floor sizes from 70sqm to 85sqm and 100 sqm? That is an increase of around 21% and 42% respectively 

Let us take a step back and look at the whole picture. 2 points to highlight,

1. Singapore family sizes are shrinking, parents do not want to have  more children now 

2. We are fast becoming a aged society 

How do we interpret this? It means the demand for smaller units will remain stronger than before, and with limited supplies what will happen? Prices will go up..

But will increase in floor sizes lower the psf?

Put it this way, if demand for smaller sizes increase will developees drop the price? 

Another Important impact to this new regulation is the quantum of the small size units.

This will means the quantum for this type of units will increase, and you will find you need to fork out more out front to buy such units.

Will there be more cooling measures in the coming months?

Prices for private new launches is also going up. Tre ver will increase their prices after 15 Oct.

It will take a few more cooling measures before the prices dip. 

https://www.todayonline.com/singapore/spore-home-prices-rise-despite-cooling-measures-says-morgan-stanley

Interesting article for those who wants to know more about CPF 

https://news.nestia.com/detail_share/336942?media_type=1&nestiaShareChannel=whatsapp#

Why should you buy new launches?

I have come across a lot of young couples asking me to help them look for resale HDB, I often asked them why resale HDB? Their most common answers are usually,

1) cos is big and cheap 

2) they can't afford private condominium 

3) they wan to stay near parents

But are those reasons important factors or crtierias when buying a houee? 

The questions I like to ask is ' how much do you think your house can sell in 5 years times?
or ' Can you make a profit in 5 years time?'

Usually when I calculate for them they can afford either a 1 bedroom or a 2 bedroom new launch condominium, why do i suggest them to consider new launches?
The units are smaller in size, but if i tell you you can potentially earn S$200k in 5 years time, will you be interested?

I am not plucking numbers from the air, because it was happening now. statistically it was proven that within 5 years after TOP, a brand new unit can earn the buyers the most profit. 

Can a resale HDB sell with  such good profit with all the uncertainty about hdb reaching 99 years old? Think about that...

Call me to find out more before you consider buying a resale HDB 

Caleb seeto 

90074191 

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