2013 New Semi-D in Thomson Three : 10 strata semi detached homes

Where to Buy New Semi-D in Upper Thomson in 2013?

A fellow enterprising property agent left a comment on my other blog : http://upperthomsonroadsingapore.blogspot.sg/2012/08/famous-upper-thomson-road-singapore.html?showComment=1376780197264#c1217072312729593345

So I went to browse his website a little and read this :

"Thomson Three is new residential condo at Bright Hill Drive in Upper Thomson( District 20) is being built by UVD Pte. Ltd (Joint venture company of UOL Venture Investments Pte. Ltd. And Singland Homes Pte. Ltd). Thomson Three is expected to be a 20-storey condominium with 435 units. In addition, Thomson Three also has 10 strata semi detached homes."

Admittedly, there are some new Cluster Houses at 3BHC (Three Bright Hill Close). Yet, these new strata semi-detached homes may be quite interesting since it's built within a condominium. If you recall, this condominium design is currently no longer allowed in Singapore. It's one of the ways the Singapore Government is covering the loopholes and do its best to keep Singapore Landed Property for Singaporeans.

From SLA :

"A foreign person is not restricted from acquiring any unit in an approved condominium development under the Planning Act."

Hence, there's a chance foreigners are still allowed to purchase these 10 strata semi-detached homes since the website brochure states they are part of a condominium development. (Still, it's advisable to get your lawyer to help you read the fine print to be safe.)

From my experience, there are still Singaporeans who like the idea of having condominium facilities (usually for their young children to use), and also desire to own a landed property in Singapore. This could be a nice balance for them. Something similar yet different from a Cluster Housing Estate (Note : Foreigners unlikely able to purchase Cluster House without approval from SLA because Cluster Housing Estate are usually not considered to be a 'Condominium Development').

Some would argue that purchasing a Semi-D within a Condominium means there is good potential for upside. Reason being : Your pool of property buyers is wider than a 'usual' landed house because foreigners can purchase a landed property within a condominium estate.

What do you think?

Would you purchase a New Semi-D Landed Property in Thomson Three?

Landed Property in Singapore March 2013 Transacted Data

Curious about how much landed property in Singapore was sold for in March 2013?

Please view the data below, or click on this link to download :
https://docs.google.com/spreadsheet/ccc?key=0AtzsnbliXoesdGxuLUdYSFpUdE1kdUxiZTd0V1EzTGc&usp=sharing

Cheapest Landed Property in Singapore (March 2013)

The Cheapest Landed Property Sold in Singapore (March 2013)

Photo of the cheapest landed property sold in Singapore in March 2013

The cheapest landed property sold in Singapore in March 2013 is a 853sqft Landed Inter-Terrace at 780 Lorong 3 Geylang that sold for SGD$180,000 ($211psf) !

Why so cheap you ask?
Because this land only has a tenure of 60 years from 1961... which means it is already 52 years old this year, and has only 8 years left on its lease.

Financially, this means :

• If the owner bought this house with the intention to rent it out for rental yield, to breakeven, he/she needs to rent it out for...

$180,000 / (8 x 12) = $1,875 per month

• Otherwise, if the owner bought this house for his/her own stay, he/she is paying about $1,875 a month to live in this house.

One thing to note about buying a house with only has 8 years left on its lease, is you need to pay for it in CASH - because no bank will lend you the money. Also, once the lease is up, you may or may not be able to renew the lease (really depends on the original owner of the land).

Would you have bought this cheapest landed property in Singapore for SGD$180,000?

Landed Property In Singapore Weekly - Issue 5

Announcing the arrival of Landed Property In Singapore Weekly - Issue 5!

In this week's issue, you will see there are less transactions of landed property in Singapore being done just after the 7th round of cooling measures, announced on 12 Jan 2013. BUT, notice that there ARE still transactions being done.

In particular, note :

• - The 2 small Terraces (land smaller than 1000sqft), in District 13, that transacted for $1,692psf and $1,975psf ! The new owners exchanged these landed properties in Singapore for no less than $1.68million and $1.75million. 
• - The highest transacted landed properties for the period 16 Jan 2013 - 22 Jan 2013, was only $4.8million - unlike previous periods where higher amounts ($6million and above) where being exchanged for landed homes. 
• - There were no transactions recorded for landed homes in Sentosa... Has 15% ABSD (Additional Buyer Stamp Duty) finally caused the super-wealthy in Singapore to hold back purchasing their mega-dream-homes? 

My article for this week is : '3 Quirks Of Living In Landed Property In Singapore'. I share some of the "inconveniences" I've experienced living in a landed home. Perhaps you have the same issues too? Do share and we can laugh and sigh about them together... ^_^

Hope you enjoy the read! 

Love,

Rachellimshuling

https://docs.google.com/file/d/0B9zsnbliXoesdU5URzVTOWFYTGM/edit?usp=sharing

Landed Property in Singapore Weekly - Issue 4

In this week's Landed Property in Singapore Weekly, I share my views on 'Do Landed Property in Singapore Usually Sell Below Valuation?'. Hope you enjoy the read and have fun looking at the landed property transacted prices to give you a better idea of what your home is worth...

https://docs.google.com/file/d/0B9zsnbliXoesWXRkZms5Skw3ckk/edit

Landed Property in Singapore Weekly - Issue 3

Since the first issue of Landed Property in Singapore Weekly, I've noticed more and more landed properties in Singapore being transacted.

Feel free to refer to past issues : 

1. http://landedpropertyinsingapore.blogspot.sg/2013/01/landed-property-in-singapore-weekly.html
2. http://landedpropertyinsingapore.blogspot.sg/2013/01/cooling-measures-landed-property-in.html 

and see for yourself.

I think this is interesting because December is well-known to be a time of fewer residential property transactions (holiday mood and buyers are away on vacation?) Yet, some GCBs (Good Class Bungalows) were bought and sold. I think Singapore landed property buyers live according to their own rhythm... When it's time to buy, it's time to buy; When it's time to sell, it's time to sell.

Hope you enjoy Issue 3 of Landed Property in Singapore Weekly!

https://docs.google.com/file/d/0B9zsnbliXoesd2hhVWdMVlJtYXc/edit

 

How 7th Round Cooling Measures Affect Landed Property In Singapore

Dear Readers,

The Singapore Government has recently come up with the 7th Round of cooling measures for the property market in Singapore. For some, it comes as a shock. For others, as a relief.

Moving forward, a question some ask is...

How does this round of cooling measures affect landed property in Singapore?

While there are many 'expert' opinions in the market, the market is made up of real stakeholders like you and I. Hence, everyone's opinion counts.

I've shared mine in the the latest issue of 'Landed Property in Singapore Weekly'...
Click here to read/download now :
==> https://docs.google.com/file/d/0B9zsnbliXoesN2pTbWtfVzlSOE0/edit <=

It also includes information about landed residential property transactions for 26 Dec 2012 to 1 Jan 2013.

What's your opinion?

Feel free to comment and share your thoughts. It's always interesting to learn something new from everyone I interact with. ^_^

Love,
Rachellimshuling