Is there an optimal holding period to maximise capital gains? We look at resale EC transactions in June 2023
When it comes to property investment and asset progression, most of the time, people would think of condos.
Less talked about are executive condominiums, which are becoming more popular these days due to the lower quantum (especially new launch ECs) relative to condos.
But ECs shouldn’t be overlooked since they have a high potential for capital gains.
➡️https://www.99.co/singapore/insider/maximise-capital-gains-resale-ec-june-2023/?utm_source=telegram&utm_medium=social
When it comes to property investment and asset progression, most of the time, people would think of condos.
Less talked about are executive condominiums, which are becoming more popular these days due to the lower quantum (especially new launch ECs) relative to condos.
But ECs shouldn’t be overlooked since they have a high potential for capital gains.
➡️https://www.99.co/singapore/insider/maximise-capital-gains-resale-ec-june-2023/?utm_source=telegram&utm_medium=social
Jurong West flat sold for S$695k; record price for 4-room HDB resale flat in the estate
Breaking: A 4-room HDB resale flat (93 sqm) in Jurong West was recently sold for S$695,000. This is the highest price recorded for a 4-room HDB resale flat in the estate (at least for now).
➡️ https://www.99.co/singapore/insider/4-room-hdb-resale-flat-jurong-west-sold-record-s695k/?utm_source=telegram&utm_medium=social
Breaking: A 4-room HDB resale flat (93 sqm) in Jurong West was recently sold for S$695,000. This is the highest price recorded for a 4-room HDB resale flat in the estate (at least for now).
➡️ https://www.99.co/singapore/insider/4-room-hdb-resale-flat-jurong-west-sold-record-s695k/?utm_source=telegram&utm_medium=social
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Get valuable insights on how you can ride the property wave to grow your asset!
Join 99.co's Group CEO Darius Cheung on 7th Oct to find out more.
https://go.99.co/Seedly99PropertyMillionaire
P.S. Early bird promo extended due to popular demand! You're welcome guys. 😛
#PropertyMillionaire #InvestmentSuccess #FinancialFreedom
WANT TO MAXIMISE YOUR PROFITS WHEN UPGRADING YOUR PROPERTY? 🏠 💸
Come hear from Melvin Lim of PropertyLimBrothers as he shares with you the common pitfalls to avoid when upgrading your property, and how you can maximise your profits to prepare you for your next.
Join us on 7th Oct 2023: https://go.99.co/Seedly99PropertyMillionaire
P.S. Early bird promo extended due to popular demand! You're welcome guys.
#PropertyMillionaire #InvestmentSuccess #FinancialFreedom
Come hear from Melvin Lim of PropertyLimBrothers as he shares with you the common pitfalls to avoid when upgrading your property, and how you can maximise your profits to prepare you for your next.
Join us on 7th Oct 2023: https://go.99.co/Seedly99PropertyMillionaire
P.S. Early bird promo extended due to popular demand! You're welcome guys.
#PropertyMillionaire #InvestmentSuccess #FinancialFreedom
Owner shares experience after selling 104-sqm apartment in collective sale (en bloc)
When W (who wishes to remain anonymous) bought her 3-bedroom, 104 sqm (1119 sqft) resale unit at Lakeside’s Park View Mansions in 2007, she paid in the range of S$200k-S$300k for it (declining to share the exact amount).
Little did she know, 16 years later, that she would be selling it for a significant sum of money in a collective sale.
➡️https://www.99.co/singapore/insider/owner-experience-selling-apartment-collective-sale-en-bloc/?utm_source=telegram&utm_medium=social
When W (who wishes to remain anonymous) bought her 3-bedroom, 104 sqm (1119 sqft) resale unit at Lakeside’s Park View Mansions in 2007, she paid in the range of S$200k-S$300k for it (declining to share the exact amount).
Little did she know, 16 years later, that she would be selling it for a significant sum of money in a collective sale.
➡️https://www.99.co/singapore/insider/owner-experience-selling-apartment-collective-sale-en-bloc/?utm_source=telegram&utm_medium=social
WHAT COMES NEXT AFTER SELLING YOUR PROPERTY? 🏡 💰
Join our panellists - Justin (Seedly), Dawn (SGBudgetBabe) and Ruiming (TheWokeSalaryMan) - as they share what investment options to consider after realising gains from selling your property.
https://go.99.co/Seedly99PropertyMillionaire
P.S. Early bird promo extended due to popular demand! You're welcome guys. 😜
Join our panellists - Justin (Seedly), Dawn (SGBudgetBabe) and Ruiming (TheWokeSalaryMan) - as they share what investment options to consider after realising gains from selling your property.
https://go.99.co/Seedly99PropertyMillionaire
P.S. Early bird promo extended due to popular demand! You're welcome guys. 😜
2-room S$585k record: Tiong Bahru HDB resale flat with 48.5-year lease left sold
A 2-room HDB resale flat at Tiong Bahru has just been sold for a record-breaking S$585,000. This is an all-time high price paid for the flat type across the country.
The transaction comes after a high-profile sale around a month ago, when a 4-room HDB resale flat in the neighbouring block was sold for a whooping S$1.5 million, making it the most expensive HDB resale flat sold as of writing.
➡️https://www.99.co/singapore/insider/2-room-tiong-bahru-flat-48-5-year-lease-left-sold-s585k/?utm_source=telegram&utm_medium=social
A 2-room HDB resale flat at Tiong Bahru has just been sold for a record-breaking S$585,000. This is an all-time high price paid for the flat type across the country.
The transaction comes after a high-profile sale around a month ago, when a 4-room HDB resale flat in the neighbouring block was sold for a whooping S$1.5 million, making it the most expensive HDB resale flat sold as of writing.
➡️https://www.99.co/singapore/insider/2-room-tiong-bahru-flat-48-5-year-lease-left-sold-s585k/?utm_source=telegram&utm_medium=social
33 condos sold at a loss in June 2023; 2 condos recorded over S$2m losses
The condo resale market seems to be experiencing some moderation, with resale prices increasing by a mere 0.1% in June 2023. This comes after an average monthly price increase of 1.25% from February to May.
According to URA data captured as of 19 July, June 2023 also saw 33 unprofitable resale condo transactions, with the capital loss averaging around S$339,000.
➡️️ https://www.99.co/singapore/insider/condo-loss-june-2023/?utm_source=telegram&utm_medium=social
The condo resale market seems to be experiencing some moderation, with resale prices increasing by a mere 0.1% in June 2023. This comes after an average monthly price increase of 1.25% from February to May.
According to URA data captured as of 19 July, June 2023 also saw 33 unprofitable resale condo transactions, with the capital loss averaging around S$339,000.
➡️️ https://www.99.co/singapore/insider/condo-loss-june-2023/?utm_source=telegram&utm_medium=social
Set to be Maxwell's new icon with interesting Flip/Switch studio units
TMW Maxwell is one of the few new launches in Singapore's downtown area this year.
It comes after One Bernam's launch in 2021, while other downtown projects like Newport Residences, Skywaters Residences and Marina View Residences are set to launch later this year or next year.
➡️ https://www.99.co/singapore/condos-apartments/tmw-maxwell/reviews/?utm_source=telegram&utm_medium=social
TMW Maxwell is one of the few new launches in Singapore's downtown area this year.
It comes after One Bernam's launch in 2021, while other downtown projects like Newport Residences, Skywaters Residences and Marina View Residences are set to launch later this year or next year.
➡️ https://www.99.co/singapore/condos-apartments/tmw-maxwell/reviews/?utm_source=telegram&utm_medium=social
A quick chat on being property-savvy with Eric Chiew, YouTube personality
For 39-year-old Eric Chiew, who is not a property agent, but a financial advisor-cum-YouTube personality, what he does seems to have bucked the trend (at least for many who follow him on YouTube).
While younger audiences follow TikTok and IG personalities on first-home topics like how to BTO, get a queue number and renovate your flat, Chiew’s target audience is different.
➡️https://www.99.co/singapore/insider/quick-chat-property-savvy-eric-chiew-youtube-personality/?utm_source=telegram&utm_medium=social
For 39-year-old Eric Chiew, who is not a property agent, but a financial advisor-cum-YouTube personality, what he does seems to have bucked the trend (at least for many who follow him on YouTube).
While younger audiences follow TikTok and IG personalities on first-home topics like how to BTO, get a queue number and renovate your flat, Chiew’s target audience is different.
➡️https://www.99.co/singapore/insider/quick-chat-property-savvy-eric-chiew-youtube-personality/?utm_source=telegram&utm_medium=social
The Arden sells 26% of units at an “attractive” average price of S$1,750 psf
The sales weekend of The Arden on 12-13 August saw a take-up rate of 26% at an average price of S$1,750 psf.
The 105-unit project is a boutique development along Phoenix Road near the Choa Chu Kang and Bukit Panjang neighbourhoods. It is an enbloc site of a row of apartments and shops along Phoenix Road, which developer Qingjian Realty acquired for S$42.6 million in 2019.
➡️ https://www.99.co/singapore/insider/the-arden-sale-units/
The sales weekend of The Arden on 12-13 August saw a take-up rate of 26% at an average price of S$1,750 psf.
The 105-unit project is a boutique development along Phoenix Road near the Choa Chu Kang and Bukit Panjang neighbourhoods. It is an enbloc site of a row of apartments and shops along Phoenix Road, which developer Qingjian Realty acquired for S$42.6 million in 2019.
➡️ https://www.99.co/singapore/insider/the-arden-sale-units/
Good Class Bungalow: What’s the big deal about Good Class Bungalows in Singapore?
Good Class Bungalows (GCBs) have long been seen as a status symbol in Singapore and there are many near-mythical qualities associated with them.
People whisper about how their values never fall, how every single one is like a gold mine, and how the government will never demolish them. Really? This begs the question: Do we put too much stock in Good Class Bungalows, and why are they such a big deal?
➡️https://www.99.co/singapore/insider/good-class-bungalows-gcb-singapore/
Good Class Bungalows (GCBs) have long been seen as a status symbol in Singapore and there are many near-mythical qualities associated with them.
People whisper about how their values never fall, how every single one is like a gold mine, and how the government will never demolish them. Really? This begs the question: Do we put too much stock in Good Class Bungalows, and why are they such a big deal?
➡️https://www.99.co/singapore/insider/good-class-bungalows-gcb-singapore/
GET GOODIE BAGS WORTH $100 when you join us at our upcoming “Millionaire Investor- The Property Millionaire Playbook”
Get not just insights to guide you on your property journey, but vouchers and a series of exciting goodies from our partners when you join us for our upcoming event!
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Get tickets today:
https://go.99.co/Seedly99PropertyMillionaire
Get not just insights to guide you on your property journey, but vouchers and a series of exciting goodies from our partners when you join us for our upcoming event!
Whether you're a sneakerhead, a fan of luxury goods, or just a parent looking to provide the best for your family, our list of useful goodies is sure to brighten your day!
Get tickets today:
https://go.99.co/Seedly99PropertyMillionaire
Lessons from the GCBs money-laundering raid: 5 red flags in potential tenants landlords should know
Late on Wednesday (16 August 2023), the Singapore Police Force announced that they have arrested 10 individuals involved in a money laundering case, with five of them arrested at five different good class bungalows (GCB) that had been rented.
As a landlord, this is the last thing you want: getting implicated in a criminal case and having pictures of your house splashed across various physical and online newspapers. For days.
➡️️https://www.99.co/singapore/insider/gcb-money-laundering-raid-red-flags-tenants-landlords/
Late on Wednesday (16 August 2023), the Singapore Police Force announced that they have arrested 10 individuals involved in a money laundering case, with five of them arrested at five different good class bungalows (GCB) that had been rented.
As a landlord, this is the last thing you want: getting implicated in a criminal case and having pictures of your house splashed across various physical and online newspapers. For days.
➡️️https://www.99.co/singapore/insider/gcb-money-laundering-raid-red-flags-tenants-landlords/
Pinnacle @ Duxton flat sold for record S$1,393 psf; most expensive price psf for HDB resale flat
After the S$1.5 million Tiong Bahru flat sale (aka the most expensive HDB resale flat) and the S$1.42 million Toa Payoh flat sale (aka the most expensive 5-room HDB resale flat), we have another record HDB resale flat sale in the span of two months.
➡️ https://www.99.co/singapore/insider/pinnacle-duxton-flat-sold-record-s1393-psf-most-expensive-price-psf-hdb-resale/
After the S$1.5 million Tiong Bahru flat sale (aka the most expensive HDB resale flat) and the S$1.42 million Toa Payoh flat sale (aka the most expensive 5-room HDB resale flat), we have another record HDB resale flat sale in the span of two months.
➡️ https://www.99.co/singapore/insider/pinnacle-duxton-flat-sold-record-s1393-psf-most-expensive-price-psf-hdb-resale/
🏡 🚀 Unveil the Secrets of Singapore's Property Market at ERA’s Property Megashow 2023! 📈 🔑
Join our Group CEO, Darius Cheung, with fellow industry leaders, Marcus Chu and Doris Ong from ERA to hear their insights on Singapore's real estate investment opportunities!
Date: 26 & 27 August 2023 (Sat & Sun)
Time: 2.30pm (Dialogue Sessions)
Location: ERA APAC Centre - Level 3 Auditorium
450 Lorong 6 Toa Payoh, Singapore 319394
Admission is FREE!
🌟 26 August, 2.30pm: Draw comparisons between new launches and resale properties with ERA Deputy CEO, Doris Ng, and meet Artiste Ya Hui, who will be making a guest appearance!
🌟 27 August, 2.30pm: Gain insights on the wealth-building potential in real estate with ERA CEO Marcus Chu. Plus, a special appearance by Mediacorp Artiste, Elvin Ng!
🎉 Secure your spot now by clicking https://go.99.co/ERApropertyshowregistration?mc_cid=4f7908af88&mc_eid=UNIQID
Join our Group CEO, Darius Cheung, with fellow industry leaders, Marcus Chu and Doris Ong from ERA to hear their insights on Singapore's real estate investment opportunities!
Date: 26 & 27 August 2023 (Sat & Sun)
Time: 2.30pm (Dialogue Sessions)
Location: ERA APAC Centre - Level 3 Auditorium
450 Lorong 6 Toa Payoh, Singapore 319394
Admission is FREE!
🌟 26 August, 2.30pm: Draw comparisons between new launches and resale properties with ERA Deputy CEO, Doris Ng, and meet Artiste Ya Hui, who will be making a guest appearance!
🌟 27 August, 2.30pm: Gain insights on the wealth-building potential in real estate with ERA CEO Marcus Chu. Plus, a special appearance by Mediacorp Artiste, Elvin Ng!
🎉 Secure your spot now by clicking https://go.99.co/ERApropertyshowregistration?mc_cid=4f7908af88&mc_eid=UNIQID
Scaling New Heights: Pinnacle @ Duxton Breaks Records Again with a Whopping S$1.48 Million
This time, it’s a 5-room unit at Block 1D spanning 1,151 sqft. The unit went for a price of S$1,285 per sqft, making it one of the most significant transactions in terms of price per square foot for HDB resale flats.
➡️ https://www.99.co/singapore/insider/pinnacle-duxton-sees-another-record-breaking-hdb-resale-at-s1-48m/
This time, it’s a 5-room unit at Block 1D spanning 1,151 sqft. The unit went for a price of S$1,285 per sqft, making it one of the most significant transactions in terms of price per square foot for HDB resale flats.
➡️ https://www.99.co/singapore/insider/pinnacle-duxton-sees-another-record-breaking-hdb-resale-at-s1-48m/
August 2023 has witnessed an unprecedented surge in million-dollar HDB resale transactions - 54 HDB flats transacted for a million dollars or more.
In total, 2,473 HDB resale flats were transacted, representing a remarkable 20.3% increase from July 2023.
➡️ https://www.99.co/singapore/insider/august-2023-sees-record-breaking-surge-in-million-dollar-resale-flat-transactions/
In total, 2,473 HDB resale flats were transacted, representing a remarkable 20.3% increase from July 2023.
➡️ https://www.99.co/singapore/insider/august-2023-sees-record-breaking-surge-in-million-dollar-resale-flat-transactions/
What’s with the 20% surge in HDB BTO home inspection inquiries?
This surge in interest is attributed to various factors, including increased awareness of the inspection process.
We delve deeper into this burgeoning trend, explore common issues found during these inspections, and examine HDB’s response to the heightened demand.
➡️ https://www.99.co/singapore/insider/whats-with-the-20-surge-in-hdb-bto-home-inspection-inquiries/
This surge in interest is attributed to various factors, including increased awareness of the inspection process.
We delve deeper into this burgeoning trend, explore common issues found during these inspections, and examine HDB’s response to the heightened demand.
➡️ https://www.99.co/singapore/insider/whats-with-the-20-surge-in-hdb-bto-home-inspection-inquiries/