Last month, we covered how sales of private properties were doing during the circuit breaker (CB) in April whether it be private condos, executive condos or landed properties. And just last week we did an article on the resale gains and losses of private condos during the month of May. With an overwhelming amount of data, we grouped the data in 3 sectors, Core Central Region (CCR), Rest of Central Region (RCR) and Outside Central Region (OCR). To read that article click here. 

So to continue our series, in this article, we are covering executive condo resale transactions during the month of May. So far, resale gains have been seen for executive condos in the month of May. The data can be found in the table below.

Also, don’t forget to look out for the next article in this series where we will cover landed properties May transactions.

(Source for all tables : URA Realis)

Resale Gains

To continue to keep you posted on how sales of private condos are doing during circuit breaker (CB) period, we are providing information of sales transactions in May 2020 below. We have compiled three lists of caveat data showing private condo resale transactions. These lists are broken down by their respective regions, Core Central Region (CCR),  Rest of Central Region (RCR) and Outside Central Region (OCR).

In the tables below you can find all the necessary information including profits and losses.

Also, don’t forget to look out for ECs and landed properties’  caveat coming soon!

(Source for all tables : URA Realis)

CCR - Resale Gains

With the release of URA lst Quarter 2020 real estate statistics, we have extracted the following tables which will enable you to make your investment decision in property. Whether you are a HDB owner, whose property is reaching Minimum Occupation Period (MOP), or an EC Owner whose property has reached its 5 year MOP and you are thinking of upgrading, right sizing or purchasing a second property for passive income, you need to assess your own situation in  the light of present economic environment, post Covid19.  To quote our DPM in Business Times, "markets cannot defy gravity.  It has to be linked back to the real economy, and if the real economy is going to be in the doldrums for a while, he does not think markets can remain buoyant and get detached." "We are in a situation where you have negative rates all over the world, and therefore, there is a scramble in the search for yield and markets are moving up because of that."

You also need to study the supply statistics. So invest wisely. If you need assistance, speak to our sales persons who have real estate experience and banking background.  Email our sales@auctionjia.com.sg or call 62232801.

Private residential market at a glance:

*Figures exclude Executive Condominium (ECs) 

(Source: URA Media Release)

Quarterly Property stock  2016-2020

(Source: Realis)

Private Residential Stock - Non Landed (2016 - 2020)

When it comes to purchasing the condo of your dream, there are numerous options to consider. But for some, new launches are still the preferred choice. Why? Because, 1. they are easier to rent out 2. newer and better condo facilities 3. hassle free warranties provided by developer. So if you have had your eyes set on buying a new launch condominium, here are a couple of tables showing balance units at new launch condos that are currently under construction. Naturally, we have segmented them into 3 tables showing condos in the Core Central Region (CCR), Rest of Central Region (RCR) and Outside Central Region (OCR). If you are interested in any of the condos named below or if need assistance in your decision making, don't think twice about calling us. We thrive in helping you find the home of your dream according to your unique needs. To contact us you may email us at Sales@auctionjia.com.sg or call us at 6223 2801.

(Source for all tables : URA Realis)

CCR

With the Covid-19, many may face difficulty when it comes to paying their mortgage loans. To counter the slow down in the economy, fiscal policies have resulted in lower interest rate. Banks have come up with refinancing packages in this historically low interest rate environment. Have you looked at the pricing of your property finance? If not, it is time to speak to your banker or you can give us a call at 62232801 so that we can assist in introducing you to a mortgage banker. Below are examples of loan packages offered by UOB and OCBC for your info.

(Rates are latest and subject to changes by banks at short notice)

UOB

OCBC

We've all heard the rare tales of resale HDBs being priced in the 7 digits. Though it seems almost inconceivable, the tales are far from false. In recent years, million dollar HDB apartments have been up and rising due to hot locations coveted by the competitive buyer market. Believe it or not, even during Covid-19, multiple sales have been made with the minimum benchmark of $1 million with the highest record sold at $1.232 million in the form of an apartment in district 2's Pinnacle @ Duxton.

To curb your inevitable curiosity, we have collated a table of resale transactions of HDB that have surpassed the $1 million mark. So if your HDB has reached its Minimum Occupation Period (MOP) and you are either thinking of selling to make a profit or to upgrade, do reach out to us at 6223 2801 or Sales@auctionjia.com.sg!

(Source for table : HDB)