The OasisHub Properties

29/04/2023

Did you know HDB will replace HLE with HFE from 9th May? Here is the news article from CNA.

News Article Title: CNA: HDB to streamline home-buying process by consolidating eligibility assessments

Short Summary:
- Singapore: The Housing and Development Board (HDB) will simplify buying a flat by consolidating eligibility assessments for HDB flat purchases, grants and loans into a single application.
- HDB releases new HFE letter to help buyers make informed decisions in home purchase.
- The HDB Flat Portal will offer a new feature: an integrated loan application service, allowing buyers to request an IPA and LO from participating financial institutions simultaneously.

Buyers can expect to receive the HDB Flat Eligibility (HFE) letter within 21 working days upon application submission.

27/04/2023

Last night, new cooling measures were announced. Have you ever wondered how these new cooling measures would affect homeowners and investors?

News article title: CNA: Singapore announces new property cooling measures, additional buyer's stamp duty doubled to 60% for foreigners

Here is a quick summary:
- Foreigners paying higher stamp duty in Singapore 60 per cent after it was doubled from 30 per cent.
- Singaporeans buying their second residential property will pay an ABSD rate of 20 per cent, up from 17 per cent, while those buying their third and subsequent residential property will have to pay an increased rate of 30 per cent, up from 25 per cent.
- Ministry of Finance (M*F), the Ministry of National Development (MND) and the Monetary Authority of Singapore (MAS) issued a joint statement on the increase ABSD to promote sustainable property market.
- The ABSD currently does not affect those buying a HDB flat or executive condominium unit from housing developers with an upfront remission, if any of the joint acquirers or purchasers is a Singapore citizen.
- The revised ABSD rates will apply to all residential properties acquired on or after Apr 27, 2023. There will be a transitional provision, where the ABSD rates on or before Apr 26, 2023, will apply for cases that meet all the following conditions.

For the entire news article:

This is the third round of cooling measures since December 2021.

22/04/2023

Do you believe this en bloc will result in a high psf for future new launch sales? As a result, may assist in providing a future opportunity for homeowners / & investors to exit their property?

From Straits Time: Wing Tai buys Holland Tower for $76.3 million

- SINGAPORE – Property developer Wing Tai Holdings' wholly owned subsidiary will acquire Holland Tower for $76.3 million via public tender and redevelop the freehold 19-unit site into a luxury residential development. -
- This represents Holland Tower's third collective sale attempt since 2018, when it launched a tender at $65 million, according to marketing agent SRI Capital Market.
- The transacted price translates to a land rate of $1,746 per sq ft per plot ratio (psf ppr).
- The owners can receive $3.9 million to $5.7 million per unit, SRI said on Wednesday.
- Located within the Holland Park good class bungalow area, the site is zoned for residential use and may be redeveloped to its current built-up area of about 43,691 sq ft, subject to the authorities' approval.

SINGAPORE – Property developer Wing Tai Holdings’ wholly owned subsidiary will acquire Holland Tower for $76.3 million via public tender and redevelop the freehold 19-unit site into a luxury residential development. Read more at straitstimes.com.

22/04/2023

Did you know that the most recent low growth rate for resale prices was 0.3% in the second quarter of 2020 and the second-lowest increase was 0.9% in the first quarter of 2023? What effect would it have on you as a homeowner?

From The Straits Time: HDB resale prices rise 0.9% in Q1, the smallest increase in the last 10 quarters

Short Summary:
- SINGAPORE - Prices of Housing Board resale flats grew at a slower pace of 0.9 per cent in the first quarter of 2023, compared with the 2.3 per cent increase in the previous quarter, with some analysts citing this as a sign of price resistance setting in.
- HDB has said it is prepared to launch up to 100,000 flats from 2021 to 2025.
- In the same period, the proportion of five-room and larger flats dipped from 30.3 per cent to 28.5 per cent.

Some analysts say this as a sign of price resistance setting in. Read more at straitstimes.com.

27/01/2023

Infographic from the CBRE's latest Asia-Pacific Investor Intentions Survey.

Click on the link below 👇🏽to get the report:
https://cbre.vo.llnwd.net/grgservices/secure/2023%20APAC%20Investor%20Intentions%20Survey%20FINAL.pdf?e=1674786736&h=f1d52217ebe45669e49f0c2ad42fbcdc

27/01/2023

🥳🥳Singapore, congratulations!! 🥳🥳 According to CBRE's latest Asia-Pacific Investor Intentions Survey. SINGAPORE is now the second most popular location in Asia-Pacific for international real estate investment, having risen from third place the previous year.

Do you want to know why and what the potential for Singapore properties is?🙋🏼‍♂️🙋🏻‍♀️🤷‍♂️

SINGAPORE is now the second most preferred destination for cross-border real estate investment in the Asia-Pacific, up from third place last year. Read more at The Business Times.

27/01/2023

Sceneca Residence, located in D16, the first major launch of 2023. Sold 60% of 268 units.

SINGAPORE - In 2023’s first new residential launch, house hunters snapped up 60 per cent, or 160 units, of the 268-unit Sceneca Residence in eastern Singapore at an average of $2,072 per sq ft (psf) on Saturday. Read more at straitstimes.com.

23/01/2023

🚨🚨🚨Announcement!! 🚨🚨🚨Announcement!! 🚨🚨🚨Announcement!!

Cross Island Line is coming to town like Santa Claus at Christmas!

3 simple questions:
📌 Why does it matter to me?
📌 What Opportunities Are There?
📌 What sort of area rejuvenation?

The interchanges for Phase 1 and 2 of the Cross-Island Line will be at:
✅East-West Line: 2
✅North-East Line: 1
✅North-South Line:1
✅Thomson-East Coast Line: 1
✅Downtown Line: 1

Daily ridership for the Cross Island Line is expected to hit 600,000 when it opens for service in 2030, with that number eventually increasing to more than 1 million.

22/01/2023

🎊Happy Chinese Lunar New Year to all!! 🎉农历新年快乐!!🎉 May the year be prosperous!! Best wishes for the year of rabbit, bringing you and your families good health and happiness!! 🐇🎆🎊🎉

22/01/2023

January 2023

Real estate is declining everywhere but 🔥Singapore🔥. Major cities like Sydney and Hong Kong experienced decreases of 4% and 7% within the same time period. 📉

What characteristics of Singaporean real estate are so distinctively exceptional and resilient? 😉

There are so many factors, let's all dive deep and find out why?










https://www.reuters.com/breakingviews/singapore-withstands-global-property-downturn-2023-01-03/?fbclid=IwAR0rN7Fyekg7rVNJ1HM53uhONqawZs0MPn73lSanKs3zVEyC67wHtzGvy_U

Property is crashing everywhere, except in Singapore. The Asian city-state’s private residential prices are up 14% year-on-year, according to third-quarter data from Knight Frank. That’s a sharp contrast to major cities like Hong Kong and Sydney, which saw decreases of 7% and 4% respectively ove...

11/07/2022

Given that the market for HDB resale properties has been growing📈. Numerous news coverage concerning more resale HDB transacting at million dollars, growing HDB resale prices for the 24th straight month, etc., have been published in recent months.

Many homebuyers can't help but wonder what will happen next, how this will affect them, etc.

After speaking with numerous aspiring home buyers, there are many pitfalls ❌️ to avoid.
Some of them are:
1️⃣ Failing to complete your financial preparation.
2️⃣ Not having a search strategy
3️⃣ Disappointment at having overlooked the HDB rules and guidelines, etc.🤗🤗🤗

05/04/2022

📣Piccadilly Grand 📣

😍Rare City-Fringe Integrated Development
🤗Brought to you by Singapore well known developer CDL and MCL Land! 1st Joint Venture!

✅ Prime City-Fringe location (RCR)
✅ 3 Club houses
✅ 5 Curated Lifestyle zone
✅ 407 units in total
✅ 1500sqm of shopping mall right below you!
✅ Direct Access to Farrer Park MRT
✅ 2 Mrt stops to Dhoby Ghuat Mrt
✅ 4 Stops to Raffles Place Mrt
✅ 5 Stops to Marina Bay Financial Hub (Bayfront Mrt)
✅ Good unit mix of 1 bedroom - 5 bedroom with 4bedroom Dual Key options too!
✅ North South orientation!
✅ Strategically located with Plentiful of Amenities within reach in this locale’s rich cultural heritage of Singapore
✅ Integrated Smart Home features
✅ Branded appliances and fittings

Launching soon in April !
Seeking Indication of Interest!
For more Information, please call/ Pm me today 😍

📲
James Lou
R063776B
98432409