Sengkang, Punggol resale-flat sellers feel the pain
FOR some, the housing dream at Sengkang and Punggol has turned sour. More than half of all resale transactions in these estates last month were found to have closed below valuation.
The sellers were the hardest hit among those from Housing Board towns that clocked deals with a negative cash-over-valuation, revealed the Singapore Real Estate Exchange yesterday.
Overall, one in five HDB resale deals was closed below valuation.
Other areas that had more than 30 per cent of all transactions made below valuation included Choa Chu Kang, Sembawang and the outskirts of Woodlands.
Executive director Andy Choa of real-estate firm DWG pointed out that the "abundance of willing sellers" in Sengkang and Punggol could be related to the demographics of homeowners in both areas.
"They are mostly young couples who could be looking to move elsewhere to suit their families' evolving needs," he said.
Mr Nicholas Mak, executive director of research and consultancy at SLP International, said that the ramped-up supply of Build-To-Order flats in both areas could pressure homeowners into selling their flats at a lower price than expected.
"It is likely that sellers are choosing to sell their flats now, rather than run the risk of selling them at even lower prices when new flats come up in the future," he said.
However, both Mr Choa and Mr Mak said that, because home prices in Sengkang and Punggol remain high, sellers still stand to gain even if they let go of their flats at valuation, or lower.
Flat buyers raise hopes as COV hits 4-year low
OVERALL Housing Board (HDB) resale cash premiums tumbled to a new low of $5,000 last month, according to flash estimates released by the Singapore Real Estate Exchange (SRX) yesterday.
It was the lowest cash-over-valuation (COV) since June 2009, when it dropped to $3,000 during the global financial crisis.
Over the course of last year, the median COV for resale homes has dropped by more than 85 per cent from its peak of $35,000 last January.
A rising number of sellers are selling below valuation, too. SRX records show that a fifth of HDB resale deals last month closed below valuation, the highest ratio seen since the financial crisis, which saw a quarter of deals closed below valuation in May 2009.
The chief executive of PropNex Realty, Mr Mohamed Ismail, said that cash premiums could slip further in the next few months, on the back of an increasing number of negative COV transactions.
He expects more deals to be done at valuation or lower, but added: "Flats in mature estates or with good locality attributes will still be fetching reasonable premiums."
Mr Eugene Lim, key executive of ERA Realty, said that resale-transaction volume is expected to be eight to 10 per cent better than that last year, which saw a historical low of less than 20,000.
He said: "As resale prices and COV continue to decline, and with the Government decreasing the supply of new three-room and larger flats, we may see more buyers back in the resale market over the course of this year."
For writer Gregory Leow, 39, who has been looking for a flat for a year, the lower COV for resale flats is good news.
"My wife and I didn't even consider buying a resale flat previously, because the COV was just too high. But things have moved a step in the right direction for us now," he said.
tsjwoo@sph.com.sg
- See more at: http://news.omy.sg/News/Finance/Sengkang-Punggol-resaleflat-sellers-feel-the-pain-233572#sthash.BG7IqUrc.dpuf
- wong chee tat :)
Sunday, January 12, 2014
转售组屋卖价 20％低过估价
转售组屋卖价 20％低过估价
去年12月有20.2％的转售组屋成交价低过估价，其中7宗甚至以低过估价4万元或以上的价格成交。
新加坡房地产联合交易网（SRX）今早公布最新数据，指出转售组屋市场继续走软，去年12月共有141宗负溢价（成交价低过估价）交易，占所有交易的20.2％。
SRX首席技术官李俊旸说，这个比例是2009年4月全球金融危机以来最高的，当时的比例是26.1％。
负溢价趋势将持续。完整报道，请翻阅09.01.2014的《新明日报》。
- See more at: http://news.omy.sg/News/Finance/Zhuan-Shou-Zu-Wu-Mai-Jie-20Di-Guo-Gu-Jie-233529#sthash.F6Ma0qm5.dpuf
- wong chee tat :)
去年12月有20.2％的转售组屋成交价低过估价，其中7宗甚至以低过估价4万元或以上的价格成交。
新加坡房地产联合交易网（SRX）今早公布最新数据，指出转售组屋市场继续走软，去年12月共有141宗负溢价（成交价低过估价）交易，占所有交易的20.2％。
SRX首席技术官李俊旸说，这个比例是2009年4月全球金融危机以来最高的，当时的比例是26.1％。
负溢价趋势将持续。完整报道，请翻阅09.01.2014的《新明日报》。
- See more at: http://news.omy.sg/News/Finance/Zhuan-Shou-Zu-Wu-Mai-Jie-20Di-Guo-Gu-Jie-233529#sthash.F6Ma0qm5.dpuf
- wong chee tat :)
Bumper profits elude pilot DBSS sellers
Bumper profits elude pilot DBSS sellers
RESIDENTS at The Premiere who are banking on their units' better location and fittings to land them a good resale price might be in for a rude awakening.
Units in the five-year-old pilot Design, Build and Sell Scheme (DBSS) project in Tampines Avenue 6 are now ripe for the resale market, but a scan of the advertisements on various marketing platforms shows that sellers are asking for higher prices than consultants think the market will accept.
The asking prices for five-room units, available in 1,173 sq ft, 1,184 sq ft and 1,227 sq ft configurations, are sitting between $720,000 and $850,000.
Consultants say buyers are unlikely to bite.
R'ST Research director Ong Kah Seng said that he expects a five-room unit at The Premiere to be transacted at between $650,000 and $700,000.
Mr James Wong, vice-president of resale at DTZ, was more optimistic, saying that he expects a five-room unit at The Premiere to fetch a $150,000 premium over a similar-sized Housing Board resale flat in the neighbourhood.
Going by the HDB website, regular five-room HDB flats within 500m of The Premiere that were approved for resale last year fetched between $520,000 and $608,000.
At the ST Property website, the three listed advertisements for units at The Premiere received 416 page views in the last two weeks. Based on the advertisements, the average asking price of those units is $655 per sq ft.
Consultants say that while The Premiere will certainly command a premium over regular HDB flats, sellers may have to lower their expectations, given the current climate. For example, HDB's lending restrictions have limited the pool of potential buyers.
The Premiere was the first DBSS site rolled out by HDB. Back in 2005, it was lauded as a major shift in Singapore's housing programme, offering buyers a middle ground between Build-To-Order flats and executive-condominium units.
Developed by the private-sector Sim Lian Group, the 616-unit project opened to much fanfare, pulling in 5,900 applications in late 2006.
Its residents have since lived there for five years and have become eligible to sell their units, but, to date, no resale transactions have been recorded. --The Business Times
- See more at: http://news.omy.sg/News/Finance/Bumper-profits-elude-pilot-DBSS-sellers-233564#sthash.D9EcWPIG.dpuf
- wong chee tat :)
RESIDENTS at The Premiere who are banking on their units' better location and fittings to land them a good resale price might be in for a rude awakening.
Units in the five-year-old pilot Design, Build and Sell Scheme (DBSS) project in Tampines Avenue 6 are now ripe for the resale market, but a scan of the advertisements on various marketing platforms shows that sellers are asking for higher prices than consultants think the market will accept.
The asking prices for five-room units, available in 1,173 sq ft, 1,184 sq ft and 1,227 sq ft configurations, are sitting between $720,000 and $850,000.
Consultants say buyers are unlikely to bite.
R'ST Research director Ong Kah Seng said that he expects a five-room unit at The Premiere to be transacted at between $650,000 and $700,000.
Mr James Wong, vice-president of resale at DTZ, was more optimistic, saying that he expects a five-room unit at The Premiere to fetch a $150,000 premium over a similar-sized Housing Board resale flat in the neighbourhood.
Going by the HDB website, regular five-room HDB flats within 500m of The Premiere that were approved for resale last year fetched between $520,000 and $608,000.
At the ST Property website, the three listed advertisements for units at The Premiere received 416 page views in the last two weeks. Based on the advertisements, the average asking price of those units is $655 per sq ft.
Consultants say that while The Premiere will certainly command a premium over regular HDB flats, sellers may have to lower their expectations, given the current climate. For example, HDB's lending restrictions have limited the pool of potential buyers.
The Premiere was the first DBSS site rolled out by HDB. Back in 2005, it was lauded as a major shift in Singapore's housing programme, offering buyers a middle ground between Build-To-Order flats and executive-condominium units.
Developed by the private-sector Sim Lian Group, the 616-unit project opened to much fanfare, pulling in 5,900 applications in late 2006.
Its residents have since lived there for five years and have become eligible to sell their units, but, to date, no resale transactions have been recorded. --The Business Times
- See more at: http://news.omy.sg/News/Finance/Bumper-profits-elude-pilot-DBSS-sellers-233564#sthash.D9EcWPIG.dpuf
- wong chee tat :)
报业控股房地产投资信托可派发收入比预测高
报业控股房地产投资信托可派发收入比预测高
报业控股房地产投资信托（SPH REIT）首次在上市后发布业绩，信托从去年7月24日上市至11月底的可派发收入达4653万元，相当于每单位可派发收入（DPU）1.86分，比首次公开售股时的预测高出0.04分或2.2％。
该信托的两个资产——百利宫（Paragon）与金文泰广场（Clementi Mall）都已全面租出。其中，百利宫保持优异表现，在去年7月24日至11月底期内的续租及新租约的租金调升12.4％。
金文泰广场的租约情况也取得长足进展，大多数于2014年到期的租约都已续期或重新出租，超过90％租户（按净出租面积而计）也已承诺继续第二个租期。
报业控股房地产投资信托管理公司总裁练美英说：“我们很高兴信托首次派发的收入超越上市时的预测。这两家购物商场都保持100％承诺租约的表现，其中百利宫续约租金表现强劲，金文泰广场也取得稳定业绩。”
她说，信托将继续积极管理其房地产，为信托单位持有者提供可持续的回报，同时寻求创造价值的新机会。
由于新加坡交易所豁免该信托发布截至去年8月底的2013财年全年业绩，信托将去年上市日至8月底的业绩并入了截至11月底的第一季业绩中。
该信托在这四个多月期间的总营业额为7040万元，较预测少了50万元或0.7％；净房地产收入则比预期高出了30万元或0.5％，计5137万元。
以每单位0.90元的发售价来计算，信托的年率化派息率为5.80％，这也比预测的5.68％高出2.1％。
信托每单位盈利为1.54分，每单位净资产值为0.90元。
信托将于下月14日派发收入。
- See more at: http://news.omy.sg/News/Finance/Bao-Ye-Kong-Gu-Fang-Di-Chan-Tou-Zi-Xin-Tuo-Ke-Pai-Fa-Shou-Ru-Bi-Yu-Ce-Gao-233783#sthash.AnBlyJv4.dpuf
- wong chee tat :)
报业控股房地产投资信托（SPH REIT）首次在上市后发布业绩，信托从去年7月24日上市至11月底的可派发收入达4653万元，相当于每单位可派发收入（DPU）1.86分，比首次公开售股时的预测高出0.04分或2.2％。
该信托的两个资产——百利宫（Paragon）与金文泰广场（Clementi Mall）都已全面租出。其中，百利宫保持优异表现，在去年7月24日至11月底期内的续租及新租约的租金调升12.4％。
金文泰广场的租约情况也取得长足进展，大多数于2014年到期的租约都已续期或重新出租，超过90％租户（按净出租面积而计）也已承诺继续第二个租期。
报业控股房地产投资信托管理公司总裁练美英说：“我们很高兴信托首次派发的收入超越上市时的预测。这两家购物商场都保持100％承诺租约的表现，其中百利宫续约租金表现强劲，金文泰广场也取得稳定业绩。”
她说，信托将继续积极管理其房地产，为信托单位持有者提供可持续的回报，同时寻求创造价值的新机会。
由于新加坡交易所豁免该信托发布截至去年8月底的2013财年全年业绩，信托将去年上市日至8月底的业绩并入了截至11月底的第一季业绩中。
该信托在这四个多月期间的总营业额为7040万元，较预测少了50万元或0.7％；净房地产收入则比预期高出了30万元或0.5％，计5137万元。
以每单位0.90元的发售价来计算，信托的年率化派息率为5.80％，这也比预测的5.68％高出2.1％。
信托每单位盈利为1.54分，每单位净资产值为0.90元。
信托将于下月14日派发收入。
- See more at: http://news.omy.sg/News/Finance/Bao-Ye-Kong-Gu-Fang-Di-Chan-Tou-Zi-Xin-Tuo-Ke-Pai-Fa-Shou-Ru-Bi-Yu-Ce-Gao-233783#sthash.AnBlyJv4.dpuf
- wong chee tat :)
去年多个地区零售租金下跌
去年多个地区零售租金下跌
多家郊区商场在去年陆续开业，为本地零售商场带来竞争，导致多个地区的零售租金下跌。
房地产咨询公司戴德梁行（DTZ）的数据显示，乌节路／史各士路一带的零售空间租金在去年下跌了0.3％，而其他市区的租金全年下跌多达0.9％。郊区的零售空间租金则下跌0.2％。
分层地契零售单位 去年交易量大减；料获更好支持。完整报道，请翻阅11.01.2014《联合早报》。
- See more at: http://news.omy.sg/News/Finance/Qu-Nian-Duo-Ge-Di-Qu-Ling-Shou-Zu-Jin-Xia-Die-233971#sthash.WYaPlFdR.dpuf
- wong chee tat :)
多家郊区商场在去年陆续开业，为本地零售商场带来竞争，导致多个地区的零售租金下跌。
房地产咨询公司戴德梁行（DTZ）的数据显示，乌节路／史各士路一带的零售空间租金在去年下跌了0.3％，而其他市区的租金全年下跌多达0.9％。郊区的零售空间租金则下跌0.2％。
分层地契零售单位 去年交易量大减；料获更好支持。完整报道，请翻阅11.01.2014《联合早报》。
- See more at: http://news.omy.sg/News/Finance/Qu-Nian-Duo-Ge-Di-Qu-Ling-Shou-Zu-Jin-Xia-Die-233971#sthash.WYaPlFdR.dpuf
- wong chee tat :)
The Premiere首批私人组屋 可转售价格或约在70万内
The Premiere首批私人组屋可转售价格或约在70万内
首批DBSS组屋——The Premiere可以转售了，但转售价格可能无法达到卖家预期的达85万，或只在70万元以内，相差近20%。
位于淡滨尼6道的私人组屋（Design, Build and Sell Scheme, 简称DBSS）目前刚过5年住屋期限，可在市场上转售。
The Premiere是建屋局推出的首批DBSS。这类房子提供了买家介于政府组屋及执行共管公寓之间的另一选择。
根据各行销平台上的广告资料显示，分别为1173、1184及1227平方尺的五房式单位要价72万至85万元不等。
专家：卖家不应再等 价格不会回升；溢价中位数 下至0元才有起色。完整报道，请翻阅11.01.2014《新明日报》。
- See more at: http://news.omy.sg/News/Finance/The-PremiereShou-Pi-Si-Ren-Zu-Wu-Ke-Zhuan-Shou-Jie-Ge-Huo-Yue-Zai-70Mo-Nei-233997#sthash.aOY7VO6h.dpuf
- wong chee tat :)
首批DBSS组屋——The Premiere可以转售了，但转售价格可能无法达到卖家预期的达85万，或只在70万元以内，相差近20%。
位于淡滨尼6道的私人组屋（Design, Build and Sell Scheme, 简称DBSS）目前刚过5年住屋期限，可在市场上转售。
The Premiere是建屋局推出的首批DBSS。这类房子提供了买家介于政府组屋及执行共管公寓之间的另一选择。
根据各行销平台上的广告资料显示，分别为1173、1184及1227平方尺的五房式单位要价72万至85万元不等。
专家：卖家不应再等 价格不会回升；溢价中位数 下至0元才有起色。完整报道，请翻阅11.01.2014《新明日报》。
- See more at: http://news.omy.sg/News/Finance/The-PremiereShou-Pi-Si-Ren-Zu-Wu-Ke-Zhuan-Shou-Jie-Ge-Huo-Yue-Zai-70Mo-Nei-233997#sthash.aOY7VO6h.dpuf
- wong chee tat :)
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