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SG#03 West Singapore Property Market Updates (October 2019 Edition)

Posted by alvintay on October 5, 2019
| 0

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Singapore West Side Property Market Updates
(October 2019 Edition) ……..

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3 new changes to HDB buying that will affect first-timers.

1) All first-time buyers now get an Enhanced Housing Grant of up to S$80,000.
-All first-time buyers can get the SHG, including those buying five-room flats, resale flats,
and flats in mature estates.
-Combine its Additional CPF Housing Grant with the Special Housing Grant to create a new grant

2) The income ceiling for BTOs and ECs increased by S$2,000.
-The income ceiling for couples buying a BTO flat has been increased from S$12,000 to S$14,000
-The income ceiling for couples buying a Executive Condo has been increased from S$14,000 to S$16,000
-The income ceiling for singles buying BTO flats also increased from S$6,000 to S$7,000.

3) Next year, there’ll be a one-stop portal that lists and compares flat prices.
-HDB will create an online portal that lists BTO, balance, and resale flats
-The official site, which will be ready by the end of next year 2020

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RESALE TRANSACTION IN THE WEST

District 5 – Buona Vista / West Coast / Clementi (14 Sales)
District 21 – Clementi Park / Upper Bukit Timah (22 Sales)
District 22 – Boon Lay / Jurong / Tuas (8 Sales)
District 23 – Bukit Batok / Bukit Panjang / Choa Chu Kang (36 Sales)

District 23 – Average Price $1,042 PSF (Up 7.5%)

Executive Condo Blossom Residences (99 Years Leasehold) at Segar Road contribute 9 Sales in District 23 with average $872 PSF (Up 1.5%). It was TOP around 2014 which MOP Completed recently and it is 0.19km away from Segar LRT Station.

3 Bedroom sold around S$890k – S$930k
4 Bedroom sold at S$1.4M

Base on S$2.17 psf Rental
3 BEDROOM 1087sqft Rental Est. = S$2359 (3.1%)
4 BEDROOM 1668sqft Rental Est. = S$3620 (3.2%)

Check out my 3 Bedroom Hazel Park Condo (999 years Leasehold) Unit at District 23 Selling at S$1.56M
https://www.99.co/singapore/sale/property/hazel-park-condominium-condo-mqt2TRGK4eZn2XR95VU5fU

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New Launch Development in West

LeQuest

Whistler Grand

Parc Clematis

View@Kismis

Kent Ridge Hill

For 1 Bedroom entry Price

Whistler Grand $695360 last month and $695000 (Down S$360) this month

Parc Clematis $705000 last month and $808000 (1+S) this month
(1 Bedroom SOLD OUT)

Kent ridge Hill $794000 last month and $802000 (Up S$8000) this month

For 2 Bedroom Entry Price

Whistler Grand $882290 last month and $896260 (UP $13970) this month

View @ Kismis last month $970000 and $976000 (UP $6000) this month

Parc Clematis last month $1046000 and $1043000 (DOWN $3000) this month

Kent ridge last month $1133000 and $1164000 (UP $31000) this month

For 3 Bedroom Entry Price

Le Quest last month $1207000 and $1276000 (UP $69000) this month

Whistler Grand $1247490 last month and $1251640 (UP $4150) this month

View @ Kismis $1330000 last month and $1339000 (UP $9000) this month

Parc Clematis remain same at $1314000

Kent ridge at $1599000 last month and $1567000 (DOWM $32000) this month

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Upcoming New Launch Development in West

1) Dairy Farm Residences is a new development located in the heart of Hillview and Dairy Farm by UED Residential.

2) The Midwood is a new development located at Hillview Rise by Hong Leong Holdings.
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