Michael Kan

Property Views: BT 19 Nov 2020: Luxury Apartments in hot demand despite economic woes

Summary of Article: Home sales in Singapore so far in this pandemic-ravaged year have exceeded expectations. Cash-rich buyers have pushed new homes sales for the first 10 months of 2020 to 8,021, as the unemployment rate rose to 3.6 per cent in September from 3.4 per cent in August. Economists think the unemployment rate will …

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Property Views: BT 14 Nov 2020: From Condo Flippers to Homebuyers

Summary of The views: FOREIGN buying has always been a major force driving real estate markets across the world, and Singapore is no exception. But increasingly, many in the property sector are observing that more foreign buyers now see their Singapore residential property as a home rather than just a quick flip. Anecdotal evidence points …

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News Update: BT 25 Sept 2020: Sentosa Cove bungalow buying revs up

My Thoughts: Activity in the Bungalow Market on Sentosa Cove has increased This could be due to increasing demand from Chinese Buyers While prices have soften, some find it a good opportunity to acquire landed home in this district Due to the border control, international buyers staying in Singapore has been in Stay-Home-Order, they may …

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News Update: ST 16 Sept 2020: New Home Sales surge to 11-month high in August

Possible reasons for this? This August robust new home sales is largely supported by domestic demand while the foreigners are trickling in when our borders gradually open up. The Pandemic-affected real economy affects the lower to the middle-income group first. The higher income group with stronger savings through the years take the opportunity of the …

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News Update, CNA 07 Sep 2020: Quarterly GDP Growth in Singapore

Abstract: Singapore’s economy is expected to contract 6% this year as private-sector economists downgrade their earlier forecast. The economists expect GDP to decline by 7.6% in Q3. As for unemployment rate, it’s forecast to be at 3.5% by year-end, down slightly from an earlier estimate https://www.channelnewsasia.com/news/singapore/singapore-economy-contraction-covid-19-private-economists-mas-13088052?cid=telegram_cna_social_28112017_cna My Thoughts: With the the local improving Covid19 situations …

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News Update, BT 01 Sep 2020: Hotel, commercial use groups see biggest chops in DC rates

My Thoughts It is not unexpected that Development charge rates for Residential sector drops slightly as compared to Hotels and commercial sectors. As the prices for residential properties for 1st and 2nd Quarters have shown, the accumulated demand during the Circuit breaker, together with the developers giving slightly better discounts, buying activities has somewhat been …

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Market View: Edgeprop Singapore 21 Aug 2020: Bungalow deals see a jump after ‘circuit breaker’ pause

From the article, for the last 5 months, during Circuit Breaker and current phase 2 opening, there is a jump in Landed Bungalows including transactions in Sentosa Cove. For GCB transactions in mainland, the transacted prices are between $1,051 psf to $1,976 psf. For transactions in Sentosa, the transacted prices are between $1,414 psf to …

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News Update: BT 25 Aug 2020 Sovereign Wealth Funds rethink once-reliable real estate

An interesting article that I had come across regarding ‘Sovereign Wealth Funds (SWFs) rethink once-reliable real estate’ My thoughts: While the article give a very good account of the ‘rebalancing’ of asset class of real estate portfolio of SWFs, we have to remind ourselves of the scale of the SWFs. They are huge funds that …

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News Update: BT 22 Aug 2020: Opportunities emerging for investment property deals; discounts up to 20%

An interesting article that depicts the projection and trend of different asset classes of the Property Sector. The author advised investors to be ready to invest in the 2H 2020, especially for commercial office space. Basis of Author’s comparison is based on the different price movements during the 1997 Asia Financial Crisis and 2008 Great …

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