A slower buying sentiment may be setting in among HDB resale flat buyers. According to 99.co and SRX flash report on the HDB resale market in August 2022, 2,323 transactions were recorded last month, representing a 1.7% drop from July. While this could be due to the Hungry Ghost Festival (during which people tend to…
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Last month, HDB announced it’s increasing the quota for first-timer families and singles applying for a BTO flat in non-mature estates. The increase is due to the strong demand for housing among first-timers. The change took effect from the August 2022 BTO exercise onwards. Flat allocation for first-timer families New allocation Previous allocation 3-room flats…
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A 1,184 sqft 5-room (Improved) HDB flat at Block 654C Jurong West Street 61 has closed at a record S$618k (or S$522 psf) for the neighbourhood. The previous highest price for a 5-room on the same block was sold at S$570k, or S$481 psf, in January 2022. According to Glenn Jin Wong, the PropNex agent…
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In this series entitled Agent Success Stories, we sit down with agency leaders to find out their side of the story. From their humble beginnings to the challenges they face on the road to success, we learn that a career in the real estate industry is one filled with boundless opportunities—if you know where to…
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GuocoLand’s Lentor Modern opened for previews last weekend (2 Sep 2022). As it’s the first and only integrated development in the Lentor neighbourhood, the project has gained a lot of traction over the past few weeks. In July this year, AMO Residence, a new launch condo located in Ang Mo Kio, made headlines for selling…
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While a lousy mortgage broker is often not straight with their clients, a good one always is.
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Last Monday (August 29), there was an article in The Straits Times titled “Drop in appetite for private homes among some HDB owners”. It said HDB upgraders’ love affair with private properties has cooled in the first half of this year. According to URA’s data, buyers with HDB addresses only bought 3,649 new and resale... [read more]
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The August 2022 BTO exercise will close today at 2359. As of 5pm today, a total of 35,694 applications have been submitted. As expected, all projects are oversubscribed. But what’s even more striking is the application rate for a few popular projects. 5,907 families are willing to pay up to S$877k for a BTO flat…
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99.co’s Consumer Sentiments Study polled 790 respondents across various demographics to find out how people feel about the local property scene and what they think is worth the money and consideration when deciding to purchase a home. Key observation #1: Homebuyers have an average budget of S$1.2-2m for new launch condos, or S$1.5m-3m for resale…
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