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As we cross beyond the second half of 2023, things are looking up on the buyer's side. More new homes are being completed, and the uptick in prices has begun to moderate somewhat. There has been a spread of new launches in recent months, and unlike the first few years of the pandemic, they aren't selling out the majority of. ....
Whether you're a homeowner or a landlord, having an MRT station nearby is still a major draw; and given the fewer launches in 2023 (compared to 2020/21), it's important to be a bit more picky. There's also just the "small" matter of the very high COE rates right now, and it may just be the kicker to stop relying on. ....
When it comes to new launch prices, most Singaporeans are quick to pick up on the most obvious factors like land scarcity, agent commissions, or developer stamp duties. However, one factor that often slips under the radar – and that many Singaporeans have never even heard of – is the development charge, or DC, but now newly known as Land. ....
Usually, when we read about en bloc deals or collective sales, we learn that the property has been around for decades. They are usually built in the 1970s, 80s or 90s, so after many years of wear and tear, the building and/or land they sit on is ripe for redevelopment after 30 to 50 years. We’ve covered some, such as. ....