Marine Parade & further up - relatively left untouched until maybe 10 yrs later. I reckon the plot ratio will go up to 3.5, many will have sea views.
(04-12-2013, 09:43 AM)opmi Wrote: [ -> ]So far, 1 big area with NO SERS is Marine Parade. Too ex and no place to built replacement flats nearby.
(04-12-2013, 11:51 AM)etan Wrote: [ -> ]I have a hunch that the few blocks of old hdb flats along Macpherson Lane may be selected for SERS as it is near Tai Seng MRT station.
The owners may be given a chance to choose new flats at Bidadari which was once the largest grave site in Singapore - the 18ha Bidadari Cemetery is making way for a new Housing Board town and private estates.
i feel that plot too small to build anything big. Restricted by new condo, canal and landed area.
Whereas Circuit Rd area is better. near to Macpherson MRT interchange station. Lot of school and amenties. Those blocks quite old too.
but so many flats were built in the 1970s period, and how is hdb gg to manage so many enblock at one go at the same time?
if so there will be many construction sites again for the replacement flats.
(04-12-2013, 09:26 PM)pianist Wrote: [ -> ]but so many flats were built in the 1970s period, and how is hdb gg to manage so many enblock at one go at the same time?
if so there will be many construction sites again for the replacement flats.
By building more dense estates, less land are used. Some SERS land was demolished and left vacant until needed.
(04-12-2013, 11:59 AM)etan Wrote: [ -> ]Marine Parade & further up - relatively left untouched until maybe 10 yrs later. I reckon the plot ratio will go up to 3.5, many will have sea views.
(04-12-2013, 09:43 AM)opmi Wrote: [ -> ]So far, 1 big area with NO SERS is Marine Parade. Too ex and no place to built replacement flats nearby.
Marine parade has old flats which has SERS potential!
But then even if SERS begins now, it will take abt 10 yrs to develop.
Looking at the many current SERS site, many are undergoing demolishing or have demolished and now are beginning to have their land lease renewed or going for land sales.
The SIMS SERS is one example where a portion of the SERS site is going for land sales in 1H 2014. Other examples are the Holland SERS site (undergoing demolition) but under MP 2013 plans as rejuvenation of Holland Village. Personally a denser estate means more houses can be built, who knows Singapore will be able to support an 8 Million population just by making estates denser
(04-12-2013, 10:11 PM)CY09 Wrote: [ -> ] (04-12-2013, 11:59 AM)etan Wrote: [ -> ]Marine Parade & further up - relatively left untouched until maybe 10 yrs later. I reckon the plot ratio will go up to 3.5, many will have sea views.
(04-12-2013, 09:43 AM)opmi Wrote: [ -> ]So far, 1 big area with NO SERS is Marine Parade. Too ex and no place to built replacement flats nearby.
Marine parade has old flats which has SERS potential!
But then even if SERS begins now, it will take abt 10 yrs to develop.
Looking at the many current SERS site, many are undergoing demolishing or have demolished and now are beginning to have their land lease renewed or going for land sales.
The SIMS SERS is one example where a portion of the SERS site is going for land sales in 1H 2014. Other examples are the Holland SERS site (undergoing demolition) but under MP 2013 plans as rejuvenation of Holland Village. Personally a denser estate means more houses can be built, who knows Singapore will be able to support an 8 Million population just by making estates denser
HDB has no empty plot in Marine Parade to build the replacement SERS flats. Unless the affected residents are moved somewhere first while the SERS flats are being built.
The only possible plot is Marine Parade Central (market+shops+former cinemas). But that will mean disrupt life of Marine Parade residents.
Maybe have to wait for the reclaimed land to be ready. Then got chance to SERS.
since already got 50 storeys flat, why not bulid 80 storeys too?
(04-12-2013, 10:32 PM)opmi Wrote: [ -> ] (04-12-2013, 10:11 PM)CY09 Wrote: [ -> ] (04-12-2013, 11:59 AM)etan Wrote: [ -> ]Marine Parade & further up - relatively left untouched until maybe 10 yrs later. I reckon the plot ratio will go up to 3.5, many will have sea views.
(04-12-2013, 09:43 AM)opmi Wrote: [ -> ]So far, 1 big area with NO SERS is Marine Parade. Too ex and no place to built replacement flats nearby.
Marine parade has old flats which has SERS potential!
But then even if SERS begins now, it will take abt 10 yrs to develop.
Looking at the many current SERS site, many are undergoing demolishing or have demolished and now are beginning to have their land lease renewed or going for land sales.
The SIMS SERS is one example where a portion of the SERS site is going for land sales in 1H 2014. Other examples are the Holland SERS site (undergoing demolition) but under MP 2013 plans as rejuvenation of Holland Village. Personally a denser estate means more houses can be built, who knows Singapore will be able to support an 8 Million population just by making estates denser
HDB has no empty plot in Marine Parade to build the replacement SERS flats. Unless the affected residents are moved somewhere first while the SERS flats are being built.
The only possible plot is Marine Parade Central (market+shops+former cinemas). But that will mean disrupt life of Marine Parade residents.
Maybe have to wait for the reclaimed land to be ready. Then got chance to SERS.
I am wondering why the reclaimed land at Marine Parade was completed more than 10 years ago, hdb still couldn't build on it but a hot selling condo project in johor bahru can commence their construction when reclamation has just finished, any risk if buying there?
(05-12-2013, 05:03 PM)chongsk Wrote: [ -> ]I am wondering why the reclaimed land at Marine Parade was completed more than 10 years ago, hdb still couldn't build on it but a hot selling condo project in johor bahru can commence their construction when reclamation has just finished, any risk if buying there?
I think depend on soil type, If reclaim the soil doesn't have enough time to harden and stable any building on it will start to sink after a while. I remember my old army camp in bedok was such a case built on reclaim land then around 20yrs later the buildings start to slant and slowly sink into the ground that's why usually you see some construction site they put several stacks of steel piling and large square concrete blocks on a site like trying to compress the ground.
2013 is definitely a watershed year.
Most of the article contains data that we already well aware.
It's a good summary and level set anyone who is keen in buying property:
- TDSR: the game changer; all ppty loans must stay within 60% of all monthly debt obligations to monthly gross income.
- TDSR interest rate calculation: 3.5% residential; 4.5 commercial (instead of bank interest rate)
- MSR: max 35% from HDB; max 30% from bank (apply to EC after 10 Dec 2013)
- ABSD: SGP (0, 7, 10); PR (5, 10); FR(15) + 3% stamp duty
- LTV: 50% for 2nd loan; 40% for 3rd onward; 20% for company loan
- Weighted age & Guarantor: Guarantor must be a joint owner and included in the calculation of average age
Ong reported:
1. Prices expected to moderate, but severe corrections not likely
2. FY13, price could dip up to 3%
3. Recent launches such as
Duo Residences, Inflora and Sky Vue drew keen interest from buyer
4. Owner and developers still have holding power and there is unlikely to be widespread distress sales "although price resistance has set in and certain areas could see prices weakening"
5. Estimate 77,000 private non-landed homes and ECs will be completed in the next three years.
6. As price fall, "buyers looking out for good deals may still come back to the market". and prices could be supported by attrative projects expected to launch in the first half of 2014. such as for the site at
Kim Tian Road.
7. more Singaporean investors are heading overseas amid high prices and stringent property measures.
++++++++++++++
I think this is a good summary for FY13.
I'm eagerly looking forward to FY14.
The skies the limit.