MySgProp: Latest info: Did You Miss? 2014 Most Popular (TOP 5) Singapore Private Condo

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MySgProp: 2014 Most Popular (TOP 5) Singapore Private Condo

By MySgProp.com, 08-Jan-2015

Overview of 2014 Property Market:

2014 is a tough year for Singapore property market.

While the property in most of the countries are appreciating (if not booming), Singapore property experienced a price dropped at about 5%. The cooling measure introduced by MAS (Monetary Authority of Singapore) — TDSR (total debt service ratio) since June 2013 had successfully limit the loan eligibility of home buyers. The ABSD (Additional Buyer Stamp Duty) introduced since Dec 2011 and revised on Jan 2013, is also effectively curb the speculation and heavily reduced the buying power of many savvy investors.

The following chart tabulated the Property Price Index from 2012-2014 (Q3). Apparently, the 5% price drop is mainly from the Resale Market, the New Launches pricing is still steadily claiming up (although the sales might not great, and developer slashing the price to push up the sales). This is mainly due to the increase of the land price. Property market sentiments is glummy, however developers are still eyeing and aggressively bid on the Land released by URA as the lands are depleting in this small island, especially for the prime lands like Paya Lebar.

The following are the Top 5 Singapore projects (MySgProp.com) for the year 2014. Did you miss?

2014 Market Trend Summary:

Home Buyers tend to move out to Suburb area, due to the affordability issue. The near-by amenities and convenient of transportation become the next key factors after the price. #Junction Nine Residences #Jewel at Buangkok #Lakeville

3 Out of Top 5 are located in the vicinity which undergo major Transformation planned by URA. #Junction Nine Residences #Kallang Riverside #Lakeville

Rare, Freehold Residential at reasonable price still moving in a fast pace. #NeWest #Kallang Riverside.

The buyers are mainly for own-stay usage. The investors had started to look into the Singapore Commercial Property.

For Faster Capital Appreciation and Better Rental Yield return, many savvy investors had also started to open their mind and venture into Overseas Project in developing countries and yet low quantum investment #Iskandar Malaysia #Cambodia #Australia #UK Manchester #Thailand #Philipines