Thursday 7 January 2021

Singapore private home prices increase by 2.1% in fourth quarter

A view of private residential homes and executive condominiums in Singapore. (File photo: Reuters)

SINGAPORE: Private property prices in Singapore rose 2.1 per cent in the fourth quarter of 2020 from the previous quarter, according to flash estimates by the Urban Redevelopment Authority (URA) on Monday (Jan 4).

This compares with a 0.8 per cent increase in the previous quarter, said URA.

For the whole of 2020, private home prices rose by 2.2 per cent, compared with the 2.7 per cent increase in 2019.

Ms Christine Sun, head of research and consultancy at OrangeTee & Tie, said that the fourth-quarter increase was the steepest quarterly increase since the second quarter of 2018, when prices rose 3.4 per cent quarter-on-quarter.

Prices were driven by the Rest of Central Region, which rose 4.8 per cent in the fourth quarter, followed by the Core Central Region, where prices increased by 3.3 per cent. Prices in Outside Central Region increased 1.7 per cent in the quarter.

For the whole of 2020, prices in the Core Central Region fell by 0.2 per cent while prices in the Rest of Central Region and Outside Central Region rose by 5.1 per cent and 3.1 per cent respectively.

Only a minute to prepare but your guests won’t be forgetting it any time soonSEE MORE

"There were a number of new projects launched in the fourth quarter of this year that could have driven prices higher in these regions," said Ms Sun.

"Prices have also increased at many launched projects," she said.

BUYER SENTIMENTS MAY PICK UP: ANALYSTS

Investors around the world are gearing up for a steadier recovery in 2021 and that the development and efficacy of the vaccines could be a "game-changer" that may bring the COVID-19 pandemic under control, said Ms Sun.

"Singapore’s housing market will continue to be boosted by ample liquidity still circulating in the financial system. Buyer sentiment may pick up further on the growing vaccine optimism and Phase 3 reopening," she added.

Property analyst Ong Kah Seng said with the start of Phase 3, it could make property buying sentiments more "upbeat" in 2021.

"Phase 3 could reflect potential economic stablisation and opportunities for longer term property price appreciation," said Mr Ong.

A number of "blockbuster launches" could be released in the luxury and city fringe areas, which may uplift the overall price index, said Ms Sun.

"Overall private home prices may rise by 1 to 4 per cent while prices of new homes may grow at a faster pace of between 2 and 5 per cent in 2021."

There has also been renewed interest in resale properties over the past few months, she added.

"Luxury homes and big resale units have been in demand, while attractively priced private resale homes in the mass market and city fringe areas have been snapped up.

"We anticipate demand for resale homes to pick up further this year while resale prices may increase around 1 to 4 per cent for the full year," said Ms Sun. Source: CNA/lk

Editors Comments:

Hong Kong's loss is Singapore's gain:

I predicted last year that Singapore property values would increase as soon as China came down on all the protesters and ended democracy.

Many multimillionaires and even billionaires have been quietly transferring money out of Hong Kong and into Singapore banks and real estate.

Especially Hong Kong Govt officials who may be corrupt. In China you can be given the death sentence if you are a government official that is found guilty of corruption.

At any rate this is not the first time that Singapore has enjoyed abnormal demand from Chinese interests.

Many years ago, when I noticed spiralling prices in Singapore I issued a sell signal. Soon thereafter prices dropped 20% 30%.

Singapore does not pass Real Estate Acid Test:

The problem with Singapore is most of their real estate does not pass my acid test.

After 40 years of brokering, buying and selling real estate in many places in the world I have learned if you cannot buy a two or three-bedroom home or apartment and rent it out for positive cash flow the market is overpriced and will soon fall in any market in the world.

Hong Kong has violated that acid test for a decade as Mainland China Billionaires dumped money onto it. Recently I called it the "Bitcoin of the real estate markets" because it did not make any sense.

Hong Kong residents who do not want to live under Chinas communist rule are now moving to other places such as Singapore, Taiwan, Vietnam and maybe even Cambodia.

The smart Hong Kong investors will also be seeking even greener pastures in places such as Indonesia and especially Bali where we have been making positive cash flows for over 2o years.

Instead of paying $1million for 2 or 3 Bedroom Home in Singapore they can spend $200,000 for the same size property in Bali.

Singapore’s Real Estate Bubble Will Bust:

So, the bottom line is I expect that for most of this year Singapore prices will continue to rise. At some point in the next two years the bubble will burst when these new buyers realize that they cannot make positive cash flow on most of Singapore Real Estate.

Simultaneously more Chinese will discover places such as Bali and Vietnam that should have exceptional cash flow and appreciation in the future.

Bali Distressed Properties 20% to 50% Off.

Not only do Bali properties make more sense than Singapore under normal conditions but especially now when you can purchase properties at 20% to 50% off.

Bali property values have been hit harder than other Asian locations because of the COVID - 19 crisis. Over 85 % of Bali’s population depends on tourism which is down over 70 % from last year.

Asset rich and cash poor.

Many Bali property owners are forced with the decision to sell their properties at huge discounts now since they have not had incomes for the last 10 to 12 months.

They need the money to pay for things such as Childs education, healthcare, and simply basic living expenses.

Most of the properties that they are selling are up over 200% to 1,000 % in the last 20 years so they will not mind giving up 20% to 50% of that.

Many are asset rich and cash poor.

We are so bullish on Bali Real Estate for the Balance of this decade we spent considerable time and money to launch a brand-new high-tech website a few months ago called Best Bali Real Estate where you can look for properties without any keyboard input.

You may simply use your mouse on your PC or finger on your mobile phone to locate the Best Bali Properties at the best prices in the Best locations.

It is also why we started a new section of our website called Bali Distressed Properties which are selling for 20% to 50% off prices one year ago.

These will not last long as vaccines are distributed, and the world gains control over COVID-19.

As soon as tourists begin to return to Bali, which could be as early as Easter, the huge discounts will disappear.

So, if you want to purchase properties at 20% to 50% off normal prices act now and click this link Bali Distressed Properties.

Two of these properties have been sold to British and Australian interests in just the last few months. There are only a few remaining.

Free Bali Real Estate Appraisals:

We need more discounted properties now.

If you have a property in Bali that you own and are willing to deeply discount for immediate cash contact me directly at 08123814014. Or click this link Free Appraisal.

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1. INTRODUCTION

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3. DESIGN & COSTS

4. PROFIT & INCOME

5. TERMS & CONDITIONS

6. BALI INFORMATION

7. RETIREMENT VISA

Features of © Bali Luxury Retirement Villas as low as * $184,888.

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Developed and managed by 14-year-old Hall of Fame award-winning Bali company.

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Summary:

These villas offer you an opportunity to own a luxury home on arguably the Best Island in the world with some of the greatest weather, lowest cost of living, clean air, and friendliest people.

Profit Now Move in Later:

You may not be ready to pack up and move to Bali in the next few years.

So, you may purchase now at these ridiculously low prices and we can normally rent them out for you for a monthly income of $1,500 to $2,000 U.S.D. per month.

Our 15-year-old “Hall of Fame” the award-winning management company that manages villas for V.I.P.s such as the former director of General Electric and Ritz Carlton can provide substantial net monthly income to supplement your pension while providing a carefree rental unit.

Confused? We understand that you may have concerns that we may not have even thought of, so feel free to ask whatever questions you wish.

We do not want you to even think about purchasing our © Bali Luxury Retirement Villas unless you are 100% convinced that they are safe, and perfect for you and your family.

Limited Offer: Save $10,000:

As with any new project we are anxious to sell the first few villas.

We have one already on hold and are only willing to offer one other villa at a $10,000 discount. First come first serve.

Free Stay in Luxury Estate:

If you wish to fly over and see the location first after you place a USD $2,000 Deposit we will offer you free accommodations in a 4 bdrm, 5 bath luxury beach view estate with a private 14 m pool for three days within walking distance of the location.

When you decide to conclude the purchase, we will extend the free estate accommodation for an additional four days.

Should you decide not to continue with the purchase we will refund your $2,000 Deposit minus $200.00 for the three-day stay.

Thank you for taking the time out of your busy schedule to review this information and information on the website. If there is any further information we can provide you please do not hesitate to ask.

Cheers, THE SALES TEAM © Bali Luxury Retirement Villas

PLEASE CALL OR EMAIL US: Tel: 62-361-284069 Mobile or Whatsapp 62-812-3814014 Email: infoBLRV@gmail.com

P.S. We also have several larger villas available from two-bedroom to four-bedroom starting as low as $158,888. www.baliluxuryvillasales.com

To share this information copy this link & send

https://baliworldnewsviews.blogspot.com/2020/08/once-in-lifetime-opportunity-huge-bali.html

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According to PT. B.A.L.I., one of Bali's leading real estate experts for the past 14 years, who have thousands of satisfied clients, this is the “Second best time to purchase Bali Real Estate this century”.

“Second best time to purchase Bali Real Estate this century”.

Recent recent clarification of Bali real estate laws for foreigners allowing them to obtain control of Bali Real Estate for more than normal life is creating a huge new demand for Indonesian and Bali Real Estate.

Coupled with the fact that Bali Real Estate has recently undergone the first correction in modern history with prices down as much as 50 % this may have set the stage for *increases of 20 % to 100 % in the next three to five years.

Free Bali Real Estate Seminar Video:

Whether you are a buyer, seller, broker, agent, investor, lessor or renter you can benefit from viewing PT. B.A.L.I’s latest Free Bali Real Estate Seminar Video filmed just a few months ago.

At this seminar PT. B.A.L.I’s Canadian President, a 23 yr. Bali resident, who is married to a fully Licenced Indonesian Notaris reviewed the most recent real estate laws for Indonesians and Foreigners in detail.

He also discussed the Past, Present, and Future of Bali Real Estate.

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Free Seminar Topics:

During this Free Bali Seminar Video you will learn about:

>The Past, Present and Future of Bali and Indonesian real estate.
>Why a recent official clarification of foreign ownership laws allows foreigners to totally control Indonesian properties for up to 80 years.

> How to avoid legal problems and make sure a property is safe.

> How to avoid complicated real estate laws - Indonesians married to foreigners.

> Why this is the second-best time to buy this century.

> Where are the best locations to buy for maximum profits?

> What type of properties will offer the best potential of *10% to 20 % per year?

> Discover how you can sell your property fast for the highest prices and lowest commissions.

> An opportunity for a free listing on B.A.R.E.

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> A Quality 5,000 m2 Bali Hotel with 12 bungalows, 3 pools, and Restaurant for only $588,000.

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> Ridiculously low-priced ocean view building lots starting as low as $25,000 for 500 m².

> Brand New Bali Luxury Retirement Villas starting at $184,888

To share this information copy this link & send

https://baliworldnewsviews.blogspot.com/2020/08/once-in-lifetime-opportunity-huge-bali.htmlNote from The Seminar Speaker: