<ADV> Dec Highlights
Latest News
Check out news you can use for investment decisions, explore career opportunities in our monthly Huttons Highlights:
Property
• Developer sales figures for the month of October
• Commercial, HDB, Industrial, Landed, Prestige, Residential, Retail and Shophouse 3Q 2024 reports
Career
• Huttons Connect team second anniversary
• Project Mastery Course
• Dialogue with Associate Professor Muhammad Faishal Ibrahim, Minister of State (MOS), Ministry of Home Affairs and Ministry of National Development, and key members of the Council for Estate Agencies (CEA)
In August 2024, a third round of HDB cooling measures lowered the LTV limit for loans, and in October, new classifications for BTO flats were introduced to keep popular areas accessible, stabilise resale prices, and reduce the "lottery effect."
The new classification for BTO flats however may exacerbate the issue by drawing a clearer line between expensive and affordable flat clusters, deepening the lottery effect.
Furthermore, the 10-year MOP for Plus and Prime flats will create a supply vacuum for some years. There is a period of five to 10 years when there is no new supply of flats to the resale market in the Plus and Prime areas, as most of the projects will fulfil their MOP in 2038 and the few Standard BTO projects in the vicinity will complete their MOP between 2028 and 2033.
Due to the supply vacuum, asking prices of Plus and Prime flats in 2038 will likely be higher than current prices of up to S$1.2 million for a four-room flat. This will still give a sizeable gain for sellers even after factoring in the subsidy clawback.
Should you still consider a BTO or go for a resale HDB flat?
Speak to your preferred Huttons Associates for an in-depth analysis and understand the opportunities for you in this market.
第三轮降温措施于2024年8月降临市场 - 贷款限额收紧，建屋局组屋贷款的贷款价值比（LTV）限额从80%降至75%。除了LTV下限之外，建屋局还在10月份推出了新预购组屋（BTO）分类框架，这些变化旨在保持热门地区的住房可及性、控制转售价格并遏制政府组屋的“彩票效应”。
彩票效应可能会更强，因为新的分类对昂贵和负担得起的组屋进行了更清晰的划分。
此外，较长的10年最低居住年限（MOP）将造成未来几年的供应空缺。在5到10年内，优选和黄金地区的转售组屋市场不会有新供应，因为大多数优选和黄金预购组屋项目将在2038年满足最低居住年限，而同地区的少数标准预购组屋项目将于2028年至2033年间完成最低居住期年限。
由于供应空缺，2038年优选和黄金组屋的要价可能会高于目前4房式组屋的120 万新元价格。即使考虑到津贴回收，这对卖家来说仍然是一个相当大的收益。
您是否仍应考虑 BTO 还是转售组屋？与您首选的合登集团销售员探讨，获得深入分析并了解组屋市场的机会！
In our latest Huttons Connect bulletin, we highlight that as of 3Q 2024, there are 341,131 completed non-landed dwelling units across more than 2,400 projects in Singapore.
In the Toa Payoh planning area, there are only 4 private residential non-landed projects with a total of 1,870 units. This limited supply meant little opportunities for those who want to stay in this much sought-after central location.
In addition, condos in Toa Payoh have seen very good price gains ranging from 35.2% to 43.8% over the past ten years. Don’t miss out on The Orie which is launching for sale in Jan 2025.
Other News
Far East-Perennial JV to launch sale of strata-titled offices and medical suites at The Golden Mile > Read more
Government maintains private housing land supply on H1 2025 confirmed list > Read more
Tough 2024 for suburban business parks with rising vacancies; muted growth for industrial rents in 2025 > Read more
Project Highlights
TMW Maxwell
Join Ngiam Juyong, Huttons Project Director, as he unveils TMW Maxwell, a mixed-use development that redefines convenience and luxury. Featuring 324 residences with innovative, transformable furniture, each unit is designed to adapt seamlessly, providing highly flexible and versatile spaces for modern living.
Exclusively for residents, the residence elevates urban living with Park on Park, a unique feature that integrates vertically stacked gardens with premium amenities, including an Infinity Sky Pool, Cocktail Bar, and Farm-to-Fork Garden.
Located just a short walk from Maxwell and Tanjong Pagar MRT Stations, this prime development offers effortless connectivity. Immerse yourself in the vibrant culture of Chinatown, Duxton Road, and Keong Saik Road, renowned for their eclectic dining and shopping options too.
Contact your preferred Huttons Associate today to book an appointment and explore the showflat!
W Residences Singapore – Marina View
W Residences Singapore – Marina View redefines luxury as the first-ever waterfront living branded residence in the prestigious Marina Bay district!
Developed by IOI Properties Singapore and operated by Marriott International, this iconic residence offers an unparalleled lifestyle:
Breathtaking Waterfront Views.
24/7 Hotel-Style Services to indulge your every need.
A Front-Row Seat to Marina Bay’s Exciting Transformation.
Contact your preferred Huttons Associate for more details today!
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While Huttons has endeavoured to ensure that the information and materials contained herein are accurate and up to date, Huttons is not responsible for any errors or omissions, or for the results obtained from their use or the reliance placed on them. All information is provided "as is", with no guarantee of completeness, and accuracy. In no event will Huttons and/or salespersons thereof be liable in contract or in tort, to any party for any decision made or action taken in reliance on the information in this presentation/document or for any direct, indirect, consequential, special or similar damages.