Legacy planning
1. The value of more space
A regular HDB flat, even a 5-room unit, won’t reach up to 1,540 sq. ft. So if you really need that much space, your only other alternative is to look in Singapore’s private property market.
As of January 2021, the average price of a private, resale non-landed property is $1,341 psf:
Going by this amount, a 1,540 sq.ft. condo unit would cost about $2.06 million. A condo unit that matches the larger maisonettes, such as the 2,067 sq.ft. units in Queenstown, would cost over $2.77 million.
In this context, you can see why some buyers would willingly pay $1 million for a maisonette; even if it’s a 30+ year-old HDB property. There are few other ways to get so much living space in Singapore, at so low a quantum.
March 04, 2021
Stackedhomes
August 2021 will be one of the most exciting and contested HDB launches to date, for one reason: two of the HDB towns involved are Queenstown and Jurong East. These are two of the most popular neighbourhoods; and with only a handful (610 + 560 flats) up for grabs, it’s bound to be oversubscribed.
So for both new flat buyers and those seeking resale properties, we’re taking a special look at public housing in these two hot spots:
Upcoming BTO flat offerings for 2021
We’ve done a full review of the BTO launch sites for May 2021 and will do so for August 2021, so do follow us for updates later in the year. In the meantime, however, we’re taking a special look at Queenstown and Jurong East, as these are likely to be the main hotspots for the year.
Despite a few hundred agents and websites explaining how your HDB flat is a great “stepping stone”, upgrading is never as easy as it sounds. You need to make enough from selling your flat that you can cover the CPF refund, as well as the 25 per cent down payment on your condo. And let’s be honest: like most sellers,.
February 17, 2021
Stackedhomes
At this point, the prediction of new cooling measures may have become a self-fulfilling prophecy. New condo sales surged month-on-month, between December 2020 and January of this year; and while the reasons are varied, one of them may ironically be the fear of new cooling measures. Here’s what you need to know about the new launch numbers, which could result in serious policy changes ahead:
What happened to new launch condo purchases in January 2021?
According to Square Foot Research, there were 2,087 new sales (private non-landed homes, including Executive Condominiums) in January 2021. This is up from 1,233 units in December 2020, an increase of close to 70 per cent in transaction volume.
Late last year, property agents already alerted us to the issue of rising Cash Over Valuation (COV) in resale flat transactions. As of last week, news reports seem to affirm that COV is, indeed, creeping its way back into the market. This is enough to put a scowl on most buyers’ faces; the monster of higher cash outlays is back,.