Freehold NOW

22/12/2021

https://bit.ly/3FglOzQ

Have a Wonderful Christmas! 🎄

Within weeks, Walter Reed researchers expect to announce that human trials show success against Omicron—and even future strains.

15/12/2021

❗️ Property Cooling Measures❗️
WhatsApp Krystal 98731115 or Mel 97761891 if you have questions.

09/12/2021

27/10/2021

🤔Are we near the top of this cycle?

Stretched valuations, worsening demographics and policy risks are flashing warning signs, says associate editor Vikram Khanna.. Read more at straitstimes.com.

13/10/2021

“Several factors - such as prices potentially outpacing one's salary growth and evolving demographics - now weigh on home price appreciation, challenging its longstanding status as a key retirement asset.”

Truth?

PROPERTY has been a golden wealth accumulation strategy for earlier generations of homeowners, as many have seen the value of their homes and property investments grow by multiple folds over the years. Read more at The Business Times.

01/10/2021

This could be a game changer in the fight against Covid19?

27/09/2021

🏗 But labour costs are very high. "It now costs $5,000 to $6,000 to bring in one Indian or Bangladeshi worker, and $3,000 to $4,000 to bring in mainland Chinese workers," he said. "Before the pandemic, it cost under $1,000."

💁‍♀️ As the pandemic drags on, the disruptions are costly both in material and personnel terms.

The stock of unsold private condo units are been drawn down rapidly.

Current land sales suggest new launches going forward will be priced higher than most current stock of unsold units.

Government intervention is also reaching a tipping point. The only question is in what form.

One contractor had five subcontractors quit on a residential project he is building in Sengkang.. Read more at straitstimes.com.

19/09/2021

💁‍♀️ Non-landed private housing prices have rose rapidly during the pandemic. This looks set to continue as the pandemic rolls on.

It is unlikely to be vanquished until the world gets vaccinated or obtain natural immunity. This is unlikely to happen anytime soon unfortunately. Even production of vaccines are behind schedule. And there are still strong resistance from anti-vaxxers.

Meanwhile, product and service prices have climbed and remain elevated. Container shipping prices are at records.

Local construction costs have risen, costly delays continue. New land sale in Ang Mo Kio and Lentor suggest new launches may be priced close to $2,000psf. Which makes the current crop of new (already) launched projects extremely attractive.💖

11/09/2021

“Covid-19 has taught us that enclosed boxes and high-density living in city centres have no place in the future of design. The pandemic came from uncontrolled industrialisation. It’s time to listen to nature.”

“The overcrowded central headquarters will be a thing of the past. Hybrid work arrangements where more workers are allowed to work from remote locations will be the way of the future.”

Architect of the Tokyo Olympics Stadium plus more than 300 other groundbreaking landmarks around the world. Current project: the 5ha Bay East Garden - Founders’ Memorial (which is connected to Gardens by the Bay via the Marina Barrage).

https://bit.ly/3leG8J9
Kengo Kuma, Tokyo
Also a professor at the Graduate School of Architecture at the University of Tokyo

He believes that in a post-pandemic world, the days of designing structures as enclosed spaces are numbered.. Read more at straitstimes.com.

25/08/2021

ICYMI - A recent NUS survey of the local contribution industry:
🏗 About 88% of developers indicated they were “very concerned” about high labour costs in the next six months, higher than the 71 % in Q1.

🏗 Around 58% said they were worried about elevated building material costs, compared with 45.8% in Q1.

🏗 About 54% of the developers expect more units to be launched in the next six months, while 63% expect prices of new launches in the next six months to be substantially higher.

Source: https://bit.ly/388V2ub

🙎🏼‍♀️ call or WhatsApp me 98731115 to see current projects at ‘old’ land prices.

. Read more at straitstimes.com.

22/01/2021

🇸🇬 Singapore 2020 GDP contracted 5.8%. Meanwhile, private property prices are estimated to have gained 2.2% and HDB prices up 4.8%.

Given the govt's view of the near future is "highly uncertain", this has set off alarms that they are not only watching the market closely but may introduce the next set of "cooling measures".