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The rule requires them to sell within 5 years including development time. As this units are uncompleted, the figures are across 5 years.
Most units will be completed in 2021, 2022 and 2023. Which is about right for most development taking 3 years period to do. The take up rates low probably because is just starting to be prepare to be marketed or launches done in batches. So i think year 2021 of 13k units probably is right in the mood. Larger developers aren't stupid. They know the rules. So I don't think we need to worry for them. Those who screw up we will thank them for supporting national coffers. Tongue
The housing loan rate seems to be increasing(2nd article) ; I think it's probably due to the increase in bank deposit rates(particular FD) this year.

However, the central banks all over the world are trying to cut rates, and even the SSB rates are quite "pathetic" in the recent issues.

Why the difference ? "Risk on" mode for banks -> try to increase deposits but at the same time refuse to cut down loan book ?

Disappointed to know that HDB flats cannot qualify for home equity loans(3rd article) Sad

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Singapore’s worrying trend of homeowners defaulting on mortgages
Published: 7:30am, 7 Oct, 2019

Housing agent Shirley Lim took an excited couple to a recent condominium launch in Singapore. The married pair, an accountant and an engineer, snapped up a new 732 sq ft apartment in the city fringe for S$1.46 million (US$1.05 million).

The couple, both 36, whose monthly household income totals S$17,000, are what is known in Singapore as “HDB [Housing & Development Board] upgraders”. They are selling their public housing flat to move into a two-bedroom apartment in a private condominium.

They were among the thousands of people who had flocked to showrooms in the city state recently to view and buy new flats......

Yet, not all is rosy in the housing market. The number of homeowners in the Lion City defaulting on their mortgages is on the rise.

Data from the Credit Bureau Singapore – which gets information from banks on real-estate loan defaults by individuals – shows 79 such cases this year as of July. Last year, there were 156 mortgage defaults in total, compared with 112 in 2017 – more than double the 65 cases seen in 2015......

But Song, from Colliers, said while mortgagee listings had increased, the reserve prices of these listings were not at “fire sale” levels.

“That means the market and banks are generally not too pessimistic. Based on the developer take-up of 9,000 units per year, these 35,000 units can be absorbed in under four years,” she said......

Read more : https://www.scmp.com/week-asia/economics...-mortgages

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Another increase in housing loan rate and life update
10.06.2019 

....There will be another slight increase in our housing loan interest rate from next month Nov 2019 onwards. Not as big as the one back in Mar 2019. .....

Read more : http://financesmiths.com/index.php/2019/...fe-update/

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Home equity loans can help get you out of a tight situation
June 15, 2019

.....There are plenty of advantages: when your house is the collateral, the bank feels a lot more secure; they know you can’t exactly pack up your house and run away with it. Because there’s something they can foreclose on, banks consider home equity loans to be low-risk, secured loans. That means they charge a super-low interest rate, seldom above 1.3 per cent per annum. For reference, that’s less than a third of your CPF Ordinary Account rate (up to 3.5 per cent per annum), and about 1/6th of a personal loan rate (about six per cent per annum)........

Read more : https://www.icompareloan.com/resources/h...ity-loans/
Very reason why we welcome digital bank to compete ? But they won't be coming in till ..
From the article below, property cycle(estimate) in a nutshell :
- boom 1990 to 1996 - 7 years  
- slump 1997 to 2004 - 8 years
- boom 2005 to now(slight correction during GFC) - 15 years and counting  Huh

From the price and profile table, seems that S'poreans getting richer(based no. of properties bought) comparing 1996 to 2007/2011 : https://www.businesstimes.com.sg/sites/d...952248.pdf

Guess I am one of those left out of the SG's economic growth model .... Sad

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Changing tides of foreign buying
Sat, Nov 16, 2019 - 5:50 AM

.........Singapore's private residential property market boom during the mid-1990s, which was characterised by rampant speculation, ground to a halt when the authorities first rolled out property cooling measures in May 1996.

This marked the start of a property slump that lasted for the greater part of the following eight years. The market was further pummelled by the Asian Financial Crisis, dotcom bubble burst and an economic slowdown in Singapore, among a litany of woes.

From 2005, property prices and foreign buying rekindled, due to a confluence of factors which boosted Singapore's profile overseas and put the Republic on the radars of well-heeled overseas property investors.........


https://www.businesstimes.com.sg/brunch/...ign-buying
Risks in Reits are not what they once were


WE'RE used to thinking of real estate investment trusts, or Reits, as defensive plays that beat the market during times of uncertainty.


But given that Reits are no longer in bargain territory, it's worth taking stock of some of the reasons behind this perception.

https://www.businesstimes.com.sg/compani...-once-were



A+ for Marissa Lee.

Someday she will write a great book about financial markets. Like Michael Lewis, maybe.
After reading several Marrissa Lee's articles (Kingsmen and REITs), I find her analysis much better than most professional analyst at brokerage houses.
(17-02-2020, 08:11 AM)holymage Wrote: [ -> ]After reading several Marrissa Lee's articles (Kingsmen and REITs), I find her analysis much better than most professional analyst at brokerage houses.

From Ms Marissa Lee's linkedin account, she is a SPH scholar who studied Economics at University of Chicago. In addition, she has passed CFA level 1 and has a certificate in Traditional Chinese Medicine. Some awards she has won:

SGX Orb Award winner, "The Hidden Gem" category
Most Promising Journalist of the Year, SIAS Investors’ Choice Awards

All thanks to SPH for nurturing such a young talent.

Maybe SGX should take note and start offering more scholarships and attach their talents to brokerage houses as professional analysts. It is important for Singapore to have talented professional analysts as the global competition for financial hubs heats up.
Time to review the project completion deadline as pandemic rages on
https://www.edgeprop.sg/property-news/ti...emic-rages
Singapore’s private home prices fall 1% q-o-q in 1Q2020
https://www.edgeprop.sg/property-news/si...o-q-1q2020
Missed plenty of opportunities to get my fav stocks at dream prices due to the fast and furious mkt rebound Sad   .... perhaps another opportunity could be in real estate !   Confused

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"The M, newly launched in February and the best-selling project in Q1 2020, sold 381 units in Q1 at a median price of S$2,439 per square foot (psf), compared to nearby Midtown Bay which sold 38 units at a median price of S$2,934 psf in Q4 2019 and sold 10 units at a median price of S$2,899 psf in Q1 2020, said Colliers’ Ms Song.

The Enclave at Holland, a 26-unit project launched since July 2018, sold 14 units in Q1 at a median price of S$1,851 psf, compared to earlier units sold at S$2,500 - S$2,600 psf."

https://www.businesstimes.com.sg/real-es...y-how-much