Monday, 6 September 2021

Honoring the American Workforce

Wishing you a happy and safe Labor Day.

Friday, 3 September 2021

Your Agent Is Key When Pricing Your House [INFOGRAPHIC]

Some Highlights * Pricing your house right takes market experience and expertise. * To find the best list price, your agent balances current market demand, values of homes in your neighborhood, where prices are headed, and your home’s condition. * If you’re ready to sell, don’t guess on the price. Let’s connect today so we price your house to attract multiple offers and maximize your return on investment.

Thursday, 2 September 2021

5 Reasons Today’s Housing Market Is Anything but Normal

There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s not happening. The market is still extremely vibrant as demand is still strong even while housing supply is slowly returning. […]

Wednesday, 1 September 2021

What You Can Do Right Now To Prepare for Homeownership

As rent prices continue to soar, many renters want to know what they can do to get ready to buy their first home. According to recent data from “The first half of 2021 has seen the fastest growth in rent prices since the start of our estimates in 2017. Our national rent index has […]

Tuesday, 31 August 2021

What Buyers and Sellers Need To Know About the Appraisal Gap

It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent months, it’s become increasingly common for an appraisal to come in below the […]

Monday, 30 August 2021

The Difference in Net Worth Between Homeowners and Renters Is Widening

Becoming financially secure is an important goal for many people today, but some don’t realize just how much homeownership can help them achieve that dream. A recent report, The Journey Toward Financial Freedom, surveys Americans about their perspective on financial wellness and their goals. It shows there may be a significant misconception about the role […]

Saturday, 28 August 2021

Huttons’ comments on July 2021 developer’s sales

[vc_row][vc_column][vc_single_image image=”14882″ img_size=”full” alignment=”center”][vc_empty_space][vc_column_text]

Developers launched 1,104 units and sold 1,589 units in July 2021. Sales in July 2021 was 82.2% higher than June 2021 and 46.7% higher than a year ago. This is the second highest monthly sales in 2021 and is only 2.7% lower than January 2021. However in January 2021, there were two major launches compared to one in July 2021.


You may like : Parc Clematis , Clementi Condo for Sale in 2021

[/vc_column_text][vc_empty_space height=”8px”][vc_column_text]49.6% of the transactions in June are priced below $1.5 million, 28.9% are between $1.5 million to $2 million and 21.5% above $2 million. The average price paid for a unit in July was $1.7 million. 86.3% of purchases are by Singaporeans with PRs and foreigners making up 9.4% and 4.2%, respectively.[/vc_column_text][vc_column_text]

Know More : Mega Development Launch in 2021  – Normanton Park


[/vc_column_text][vc_empty_space height=”8px”][vc_column_text]There were considerably more purchases by Singaporeans in July (86.3%) compared to June (81.8%). This is probably due to the launch of Pasir Ris 8 which is located in the Outside Central Region where the demand is predominantly HDB upgraders. There are more than 6,000 flats in Pasir Ris and Tampines which were completed from 2014 to 2016 and has met the 5-year minimum occupation period thus eligible to upgrade.[/vc_column_text][vc_column_text]

You may also like : Parc Greenwich, upcoming NEW EC

[/vc_column_text][vc_empty_space height=”8px”][vc_column_text]Table 1: Purchases by Residential Status and Price Range in July[/vc_column_text][vc_single_image image=”14883″ img_size=”full” add_caption=”yes” alignment=”center”][vc_column_text]

Watch out for this Launch – Fully Integrated Development Pasir Ris 8

[/vc_column_text][vc_empty_space height=”8px”][vc_column_text]Table 2: Purchases by Residential Status and Price Range in June[/vc_column_text][vc_single_image image=”14539″ img_size=”full” add_caption=”yes” alignment=”center”][vc_column_text]

Read About : Ki Residences at Sunset Way by Hoi Hup

[/vc_column_text][vc_empty_space height=”8px”][vc_column_text]Seven of the top 10 best-selling projects in July are in the Outside Central Region (OCR). The OCR accounted for 63.7% of the total sales in July. Being the first OCR launch in 2021, Pasir Ris 8 saw overwhelming demand and sold more than 85% of its units.[/vc_column_text][vc_column_text]

Read Also Prime location Staying at Fourth Avenue Residences

[/vc_column_text][vc_empty_space height=”8px”][vc_column_text]The top ten private residential projects for July 2021 are:[/vc_column_text][vc_single_image image=”14884″ img_size=”full” add_caption=”yes” alignment=”center”][vc_column_text]

Take a look at – Clavon Condo @ Clementi, Mega Development in 2021

[/vc_column_text][vc_empty_space height=”8px”][vc_column_text]On the back of the successful launch of Pasir Ris 8, there was spillover demand to other integrated projects and projects even outside the vicinity. Based on caveats, 445 units were sold from July 25 to July 31, much higher than sales in the first two weeks of July where 404 units were transacted. A sample of ten projects showed that their sales in July doubled from June on average.[/vc_column_text][vc_single_image image=”14885″ img_size=”full” add_caption=”yes” alignment=”center”][vc_column_text]Despite the lunar seventh month in August, developers are likely to push ahead with their launch to ride on the positive momentum. The Watergardens at Canberra and Klimt Cairnhill will open for preview sales in August. August is likely to be another month where developer’s sales cross the 1000-unit mark. This will whittle down the unsold stock in the market to even lower levels setting the stage for sustained price growth in the months ahead.[/vc_column_text][/vc_column][/vc_row]