Is Ec Just a Home ? Is EC The Best Choice For Your Next Home ?

Ec Condo Sales Seminar Speaker: Mr Kelvin Fong
Executive Director, PropNex Realty

Ec Condo Sales Seminar

Can we really TIME when to BUY or SELL our property in today’s market ? Many people like to time and hope that they can reap the most profit when the time is right for them.

Ec Condo Sales Seminar

In those years before 2013, I can safely say “YES, we can time the market” but today with the Seller Stamp Duty (SSD), it is not easy to do so even with sufficient researches and years of experiences to SPOT the right timing. With constant updates on policies by government, it can be even harder to keep up with the trends and enter the market at the opportune timing.

Enhanced CPF Housing Grant

Ec Condo Sales Seminar Enhanced Cpf Housing Grant

On September 10, Minister for National Development, Lawrence Wong announced the introduction of the New Enhanced CPF housing grant (EHG) and higher income ceiling.

Ec Condo Sales Seminar New Enhanced CPF housing grant.jpg

How do these affect you, as an investor, a consumer and as a resale seller?

Timing is not the only crucial factor for investment. It is also a must to assess the Right Product to invest too. How can we do that in today’s market? Read on to find out what you can understand!

Positive Case Study at Ec Condo Sales Seminar

Property investment is a double-edged sword. While there are people who profited money from the investment, there are many others who lose from it too.  At the end of the day, it still boils down to how you determine the Right Property using the Right Techniques to ensure that you profit from the property that you buy!

Positive Case Study of Owners Making money when buying the right asset!

With reference to the example above, the owner of #17-XX has made more than $500,000 in profit! How is that possible?

I have been doing many consumer seminars to educate our clients how to select the right asset with huge potential for highest possible profit gain. You can leverage on these consumer seminars to pick up skills to help you to make the correct decision.

3 Major Factors

For the upcoming seminar, I will be focusing on the 3 Major Factors You Must Know if You Want to Time When to Buy and Exit on your Asset Investment!
 
What are the 3 Major Factors ?

  1. Land Supply
  2. Expected completion of housing
  3. Supply Vs Demand

Land Supply

Land Parcel LocationTender Launch Date/ Close DateType of DevelopmentSite Area (sqm)/ Max *GFA (sqm)Tenderer’s NameHighest Bid ($)/ Award Date
Canberra Link16 May 2019 /
3 July 2019
Executive Condominium Housing16,690 /
38,387
MCC Land (Singapore) Pte Ltd$233,890,000.00 /
Awarded on 11 October 2019
Pasir Ris Drive 3 / Pasir Ris Drive 8 / Pasir Ris Central27 August 2018 /
14 December 2018
Mixed Development38,003.7 /
95,010
Phoenix Residential Pte. Ltd. & Phoenix Commercial Pte. Ltd.$699,999,999.99 /
Awarded on 22 March 2019
Tampines Avenue 1031 October 2018 /
15 January 2019
Executive Condominium Housing24,933.7 /
69,815
Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd$434,450,000 /
Awar,ded on 22 January 2019
OLA EC @ Anchorvale Crescent10 August 2018 /
14 September 2018
Executive Condominium Housing17,137.3 /
51,411.9
Evia Real Estate (8) Pte Ltd & Gamuda (Singapore) Pte Ltd$318,888,899 /
Awarded on 27 September 2018
Parc Canberra @ Canberra Link28 June 2018 /
4 September 2018
Executive Condominium Housing18,040.6 /
45,101.5
Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd$271,000,000 /
Awarded on 10 September 2018
Piermont Grand @ Sumang Walk12 December 2017 /
27 February 2018
Executive Condominium Housing27,056.4 /
81,169.2
CDL Constellation Pte. Ltd. and TID Residential Pte. Ltd.$509,370,000 /
Awarded on 7 March 2018

Information of Cooling Measure at Ec Condo Sales Seminar

Referring to the chart above, what caused the decrease in supply? When the government eases the cooling measures, many developers are rushing in to buy lands. This results in increase in property price until Jul 2018. However, price starts to ease again when the government announced the cooling measures.

How can this affect your buying decision today? Based on this fluctuation, is there any chance one can time the market to go in and buy? Do you want to find out how you can seize the Right Timing? If yes, I urged you to come for my seminar.

This seminar, you will be able to learn the

Speaker of Ec Condo Sales Seminar

3 Major Keys that will Cause Real Estate Prices to Increase, something that you should not miss out Ec Condo Sales Seminar

Kelvin Fong

Find out what is best for you with PropNex Executive Director,

With his career experience of more than 16 years, he has curated a set of asset progression which has benefited his clients greatly. For current and aspiring Singapore property investors, his role is to help them invest wisely. Not only that, he has consistently minimised many of his clients’ risks by leveraging on the most suitable loans available, while maximising the profit potential of their investments.

Being a property investor, he has never invest based on speculation and emotion buying. Using his experience and hard facts and figures, he determines the RIGHT property to invest.

Date & Venue of Ec Condo Sales Seminar

To put his knowledge into writing, Kelvin also successfully launched the book – Property Wealth, in 2013. A big hit back then – the book coaches investors step-by-step guides on conducting researches before purchasing their properties.
Cited with real life case studies, Kelvin pens down realistic and detail methodology which ensures reader to grow their wealth in a predictable way.

 Ec Condo Sales Seminar Limited Seats. Register HERE!

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New private homes

Developers sold 1,256 new private homes (excluding Executive Condos) in August 2020, the highest monthly sale since 1,270 units were transacted in September 2019.

New private homes
New private homes

Increase in New private homes

This is the fourth straight month of increase in new home sales.
Last month’s sales exceeded our expectations amid the pandemic-induced recession and the Hungry Ghost Month.

All in, developers have now sold 6,198 new private homes (excluding ECs) in the first eight months of 2020 – just 4.5% shy of the 6,490 units sold over the same period in 2019.

New private homes
New private homes

August’s New private homes sales

August’s new home sales of 1,256 units were 16.3% higher than the 1,080 units sold in July On a year-on-year basis, new home sales rose 11.9% in August, from the 1,122 units transacted in August 2019. … ….. source from ura link

The sales volume was partly boosted by two new launches in the Rest of Central Region (RCR) during the month – Forett At Bukit Timah which sold 213 units, and Noma which shifted 34 units

developers launched New private homes sales

The strong sales came amid a spike in the number of new units released for sale by developers. In August, developers launched 1,582 new units for sale – 82% higher than the 869 units placed on the market in July 2020. It is also the largest number of units launched for sale since 1,714 units were launched in September 2019.

Penrose New private homes

Core Central Region New private homes

Forett At Bukit Timah and Noma – being among the first projects launched for sale after the circuit breaker –

lifted sales in the RCR to 622 units, accounting for nearly half of the total new home sales in August. Meanwhile,

128 units were sold in the Core Central Region (CCR) and 506 units in the Outside Central Region (OCR),

which continues to fuel the primary market
given its broad demand base of owner occupiers and HDB upgraders.

Pent-up demand, following the 10-week circuit breaker and phase 1 period where show flats were shut, continued to spur sales August.

We believe the effective management of the COVID19 situation in Singapore and gradual re-opening of the economy probably lifted confidence among buyers and nudged them to enter the market.

Amid the uncertainty, perhaps buyers see real estate as a stable form of investment compared with the more volatile financial markets.

Highest monthly sales to foreigners

PropNex Research notes that the number of transactions from foreign buyers rose by 74% from 31 in July to 54 in August.

The 54 transactions in August is also the second highest monthly sales to foreigners this year, since 56 new units were sold in January 2020.

With the gradual reopening of the economy and the setting up of fast lanes for essential travel,

we would anticipate a slow and measured recovery in foreign demand for private homes in Singapore.

Pent-up demand from the circuit breaker

However, downside risks persist, including a resurgence of COVID-19 cases.
With Penrose and Verdale launching this month,

we anticipate that September’s transaction volume should stay fairly elevated.

That said, as the pent-up demand from the circuit breaker and phase 1 period gets absorbed into the market,

another new home sales may start to moderate slightly in the months ahead. Based on our projection,

new home sales could reach between 9,000 and 9,500 units in 2020 – or about 4% to 9% lower than the 9,912 new homes sold in 2019.

While many industries took the blunt impact from the pandemic,

however the performance in real estate market has remained resilience during this period.

In the last four consecutive months, we witnessed an increase in new home sales.

Why is this phenomenon happening ? How can we ride on the wave of this resiliency?

CEO Mr Ismail Gafoor will share how you can seize opportunities in the current times with the market sentiment. Invite your clients to tune in tomorrow (30 Sept), 8pm to find out !