tag:blogger.com,1999:blog-7944902213075756335.post8882613078600346010..comments2024-03-28T23:00:40.055+08:00Comments on A Singaporean Stocks Investor (ASSI): Should we buy a shoebox apartment in NE Singapore?AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-7944902213075756335.post-9064448031753022452016-11-10T19:58:42.535+08:002016-11-10T19:58:42.535+08:00New reader:
"I wanted an idea about life in a...New reader:<br />"I wanted an idea about life in a shoebox apartment and did a Google for "living in a shoebox apartment". That was how I found your blog. The link to your own experience living in a shoebox was enlightening and, thanks to you, I am having second thoughts about getting a shoebox in NE Singapore. If you don't mind, I have a few questions..."<br />(The rest AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-4147331231866396532016-09-19T20:33:54.969+08:002016-09-19T20:33:54.969+08:00"... shoebox rents in the North-East Region w..."... shoebox rents in the North-East Region will be under pressure given at least 2,000 shoebox units have recently been, or will soon be, completed. <br /><br />"Projects in the pipeline with a substantial number of shoebox units include Midtown Residences, Parc Centros, Riversails, The Promenade @ Pelikat and Vibes@ Upper Serangoon. The vacancy rate for apartments and condominiums in AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-27765108865435346272016-08-30T13:01:33.195+08:002016-08-30T13:01:33.195+08:00"...vacancy rates of private residential unit..."...vacancy rates of private residential units jumped 1.4 percentage points in the quarter to 8.9 per cent, the highest since 9.1 per cent in the second quarter of 2000."<br /> - Jul 22, 2016 (ST)<br />AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-79361378028132438102015-07-12T22:11:16.443+08:002015-07-12T22:11:16.443+08:00The glut in the Executive Condominium (EC) market ...The glut in the Executive Condominium (EC) market is set to get worse with new launches adding a wave of supply into a housing segment where take-up has been generally lacklustre.<br /><br />CDL did not reveal indicative pricing for The Brownstone, with a company spokesperson saying this will be done closer to the booking date.<br /><br />The 638-unit EC is located next to the upcoming Canberra AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-78628865971939575132015-06-29T15:20:37.688+08:002015-06-29T15:20:37.688+08:00Nearly 22,000 units are projected to obtain TOP th...Nearly 22,000 units are projected to obtain TOP this year and a further 21,000 units next year. Completions are expected to push up vacancy rates and the slowdown in the hiring of foreign expats is another contributor to the decline in private residential leasing demand.<br /><br />According to Savills "Single-digit vacancies will rise to double-digits by year-end or second quarter next yearNickhttps://www.blogger.com/profile/17126013903326828525noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-8543130778585301122015-06-29T08:56:44.934+08:002015-06-29T08:56:44.934+08:00In my opinion and preference, if I am an expat, th...In my opinion and preference, if I am an expat, the only shoebox unit worth to stay in is tanjong pagar. It has a shopping mall, wet market, super markets, 2 hawker centers, numerous eateries, night life, easy access to work....and laid back all at the same time. <br /><br />But of course that is provided work place is around raffles place/tanjong pagar or even city hall area.<br /><br />All pfhttps://www.blogger.com/profile/07201135543092422698noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-49686247105428865812015-06-28T20:22:56.071+08:002015-06-28T20:22:56.071+08:00Hi pf,
You have hit the nail on the head. For $2,...Hi pf,<br /><br />You have hit the nail on the head. For $2,000 a month, an expat family could rent a 4 room flat in D19, I guess, instead of a shoebox apartment in a private condominium in the same area. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-82185544065147461042015-06-28T19:36:13.254+08:002015-06-28T19:36:13.254+08:00If I, as an expat, need to in D19, I probably pref...If I, as an expat, need to in D19, I probably prefer a hdb flat for the bigger space and cheaper price. Or maybe I'll just go home. <br /><br />Hee hee...pfhttps://www.blogger.com/profile/07201135543092422698noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-91058915294297424092015-06-28T10:19:22.132+08:002015-06-28T10:19:22.132+08:00Shoebox units - defined as up to 506 sq ft in size...Shoebox units - defined as up to 506 sq ft in size - fell in value by about 4 per cent last year but that was still the smallest decline in the four segments of completed non-landed private homes covered in an index complied by the National University of Singapore.<br /><br />The outlook appears gloomy for small units given the high number of completions due in coming years, while leasing demand AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-8794811547127324752015-06-27T21:00:23.706+08:002015-06-27T21:00:23.706+08:00Some of my replies on my FB wall:
I told him tha...Some of my replies on my FB wall:<br /><br /> I told him that when I bought my properties, I was able to at least smell 6% yield. Now, 2 to 3 years on, it has become a low 5+% yield. It could decline further in the next 2 to 3 years... Since he started out at 4+% yield now, what is it going to be like 2 to 3 years later? He started to look a bit worried then.<br /><br />My properties are in RCR AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-69276939749796760622015-06-27T20:55:55.714+08:002015-06-27T20:55:55.714+08:00“The build-up (of supply of ECs) in Punggol and Se...<i>“The build-up (of supply of ECs) in Punggol and Sengkang is going to be an issue when the units go into the resale market,” said Mr Ku Swee Yong, Chief Executive of property agency Century 21 Singapore.<br /><br />With a glut of units becoming eligible for resale at more or less the same time 5 to 10 years after TOP, there is no guarantee that there will be sufficient demand to allow owners toAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-82092820756028507042015-06-27T20:26:47.313+08:002015-06-27T20:26:47.313+08:00Hi Paul,
The combination of the location (D19) an...Hi Paul,<br /><br />The combination of the location (D19) and the type of residential property (i.e. shoebox apartments) makes for a bad investment, I believe. The fact that there is going to be massive oversupply is likely to make the outcome much worse.<br /><br />How long is it going to take for that oversupply to be digested? I have no idea. It depends partly on government policies. So, I donAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-31036815407282346142015-06-27T14:14:28.066+08:002015-06-27T14:14:28.066+08:00Hi AK
if its freehold n the person has a long inve...Hi AK<br />if its freehold n the person has a long investment horizon eg 20 years, do u think it might not be a bad idea?cookiehttps://www.blogger.com/profile/13479843455509178396noreply@blogger.com