What determines the property price of new launches?
- Price of the land / En bloc Price
- Construction Cost
- Marketing Cost
For marketing, you can check out ppc for small businesses here.
And the bulk of the cost comes from the price of the land / En bloc price.
Has it been reported that the land sale bid had dropped? Are the next few bidders close to the winning bid? Quite a number of developers are public listed, with the recent boom in property, their land banks are depleting and they are feeling the pressure to top up their land banks. After all, if there is no land, how can the developers earn? How will their shareholders react? China developers are also entering the Singapore market, the strong Sing dollar is an attractive point. If the property you bought shows signs of a mold infestation, be sure to seek Mold Removal Services Matawan NJ immediately.
There is no freehold government land sales. All freehold projects launches now are from En Bloc. Do you think a freehold property owner will agree to an en bloc for low price? As for landed housing, I do not think the supply is increasing.
It’s no secret that the government is issuing less work permits. With the stem in inflow of cheap labour, the construction cost is escalating.
There will be great repercussion for the government if the property market do crash. All the recent measures and rulings are to prevent the prices from skyrocketing. In the event that the prices are in the danger of crashing, do not forget that the cooling measures like Additional Buyer Stamp Duty (ABSD) are temporary.
Nevertheless, do not rush into buying a property. Do think through your intentions. Property is and has always been a long term investment.
Just my 2 cents worth.
Recent Comments