#4 Is This Prime Time for Landed Properties in 2021 – 2022? | NOTG S2 E4

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All right, welcome back

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to our Nuggets On The Go episode…

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Episode number what ah, Daniel?

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– [Daniel] Four.

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Episode four, all right.

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Thank you for joining us.

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I hope that you enjoy season two of

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Nuggets On The Go.

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We had three episodes previously

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and all these episodes are a little bit more long form nowadays

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for season two for Nuggets On The Go.

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And it’s being aired on Apple Podcasts as well as Spotify.

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So thank you for joining us and also hope

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that all these content will add value

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to you as you navigate the real estate trends in Singapore.

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So for this season,

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we want to go a little bit more in-depth

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which is why our sessions are a little bit longer.

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And this time round,

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we want to chat a little bit more about what is happening

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to the landed market right now in the year 2021.

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We’re in June right now,

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so it’s the June holidays, happy holidays

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to all the parents who have kids at home.

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So it’s not an easy period

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because right now with the heightened measures,

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a lot of children are also at home,

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parents are working from home

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so we can understand.

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I have four kids

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and it’s not an easy time for my wife as well

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especially when we homeschool our kids.

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So a lot of things, you get a little bit

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of adjustment by I think end of the day,

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enjoy the family time that you have right now.

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So we want to chat a little bit about landed market

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because the landed market is getting very, very interesting.

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And last year during the COVID-19 Circuit Breaker,

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if you recall,

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we actually published a couple of landed materials,

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as well as in some of our videos,

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we actually shared that

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we think that for 2020 is prime time for landed properties.

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And what do we mean by primetime?

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Because even in the real estate scene

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in Singapore across different types of asset classes.

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All the way from condominiums, apartments

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to strata landed properties,

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to pure landed properties,

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to commercial properties, to industrial properties.

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There are different seasons

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and disparities across the asset classes.

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At the same time, within the residential zonings,

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there are also disparity, whether it’s talking

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about the OCR to the RCR, to the CCR region.

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So last year we forecast

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that for landed property entry level, especially

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for inter-terraces that is ranging

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from the range of $2.5 mil to $3 mil

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we believe that it is prime time

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because of various different factors.

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And we actually advised a couple of our clients

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to snap up landed properties last year,

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and thankfully they did.

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And now I think in the mid of 2021,

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what is happening right now just to give an update

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is that it’s almost a little bit difficult

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to get any landed properties

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that’s below the $3 mil mark.

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Right now, if you search for any portals,

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you want to get an entry level inter-terrace

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and we’re talking about freehold

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and 999-years leasehold.

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It’s almost impossible to get something below

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the $3 mil mark.

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And if you are going for something below $3 mil mark,

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you’ll have to go for a little bit more

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towards the brim of the map, which is the OCR zoning.

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And if you’re talking about something

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that is like in D19, D28, D15, D14

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is a little bit difficult to get right now.

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And every homeowner is now asking

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for at least the $2.9 mil mark onwards.

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So what I’m going to do

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is that I’m also going to record my screen

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so that you can see a little bit

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about what are some of the charts that we have come up with.

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So at PropertyLimBrothers, we have a research team

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and this research team is called PLB Insights Team.

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So basically our insights team have come up

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with a couple of very interesting articles this season

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for landed properties.

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So what I’m gonna do is that I’m gonna show you

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where to find more information on our website

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at propertylimbrothers.com.

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Basically you just come to propertylimbrothers.com.

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You can also Google

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and there’s this button at the top right corner

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which is called Insights,

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basically insights, research and analysis

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that is being brought forward by our PLB Insights Team.

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They have worked very hard to come up

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with very interesting content

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because one of our primary purpose in PLB

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is to bring forward a lot

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of good content for our audience.

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And recently we have come up with this series

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that are talking about landed properties.

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Right now we’re at article number six

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and these are all very interesting articles.

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So for example, if you click on this,

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it will bring you to series number five.

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We talked about the evolution

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of landed properties from the past till date.

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And in the past, you can get properties

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at $50,000, can you imagine?

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In fact, one of the properties

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that we have sold last time in Siglap

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we have sold that house twice actually

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actually along the Siglap freehold bungalow zoning.

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So when our first owner

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first bought the place

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I believe they bought it at something probably

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at about $100,000

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and it’s a 6,000 sqft land.

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So when we sold it the first round in,

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I think the 2010 season.

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it was sold at about $4-odd mil.

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And then when we sold it the second round,

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I think in year 2017

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it was then resold for close to about $9 million.

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So you can see the appreciation in terms of the trend

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in terms of landed properties

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and how they’re doing in Singapore.

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So, especially from this article,

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we go back all the way to history,

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talk a little bit about how have landed prices been doing.

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There’s also another very interesting article right here

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is on the latest landed home pricing in 2021.

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So right here we have segregated landed zonings

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in terms of regions.

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We talk about North-east region,

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we talk about east region,

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we talk about central region

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as well as North, plus west.

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And so we try to cover as much as we can

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in terms of freehold and 99-years landed properties.

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So at least you get to gauge

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about what are some of the budget ranges

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if you’re looking to move towards owning a land itself.

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So one also very interesting article

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that I wanna point your attention to is this article

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that we talk about the disparity effect.

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And this is interesting

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because this is largely what we’re gonna talk about today.

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And I wanna talk about this portion right here.

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So we talked about this

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in the previous episode on why we think

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that 2021 is also prime time for strata landed properties.

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The key reason is because we explained in

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episode number three…

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Number three or number two?

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I think strata landed (chuckles).

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So we talked about the fact that

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because the entry level for freehold and 999-years

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landed properties has already moved

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past the $3 mil range.

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So families that are looking

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for at least four to five-bedrooms, kind of condominiums.

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They will then fall back towards looking

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at what is the next available range for a landed property.

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And that will then fall

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into the strata cluster landed houses,

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whether it’s freehold or 99-years.

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These are all right now very hot favourties right now

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because they are in the $2-odd mil range.

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So this is currently something that’s very hot

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in the market, especially for the first half of 2021.

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We believe that they will continue

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to have this spillover effect

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because either families will be looking

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for this category, which is the strata landed category

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or they will look at the inter-terraces

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which is also a pure landed category,

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but they are one of 99-years in nature.

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For the purpose of today’s segment,

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we’re gonna talk about the semi-detached landed

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and this is exactly what’s happening right now

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in June 2021.

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And my personal opinion and forecast

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is that this is going to happen for the next two quarters.

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What am I talking about basically

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is that right now inter-terraces,

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they have been a very hot favourite.

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Later I’ll show some more, very interesting charts

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that we have done for all districts in Singapore.

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But I just wanna share with you

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two properties that we have sold recently.

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One of them is this one at Tembeling Road.

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This property basically was a hot favorite

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with the East lovers, D15 zoning.

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If you’ve seen this video

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I play around with our owners Alexa system.

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So it was very fun for me

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because I tried to open up the main gate

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with the Alexa system

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as well as the lights and the fan as well.

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And it’s not easy to build an Alexa system at home

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because you need to run the internal wirings

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and all that to keep the renovation very neat.

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And so that’s what our owners have invested.

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So this house has been sold,

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is sold actually above this pricing.

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So watch out for the caveat when it’s being lodged

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and I don’t know how to play the piano, just had fun with it.

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So this was inter-terrace that is in the category,

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I would say C category.

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I shouldn’t say C category,

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I would call it category number three.

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So we ranked, not say ranked,

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we criteriarised,

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is there such a word?

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We criteriarised landed properties

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in four different kinds of ranges.

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The first one belongs to the landed properties

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that will need a total rebuild.

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So largely, very old single-storey landed properties.

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The moment you buy, you have to tear down and rebuild.

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And then the second category would be properties

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that are in the 20 to 30 years old range, you buy,

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likely you need to do A&A.

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You need to probably do an interior renovation,

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$300,000 to $600,000.

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Third category will be

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like this one right here at Tembeling.

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Properties that you can buy moving straight on.

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Renovation is very new, modern, fantastic,

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and largely below 10 years old,

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or maybe 10 years or slightly older

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but something that is modern and timeless

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because they’ve been constructed recently.

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And now of course the fourth category would be something

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that you buy straight off from the developer’s market.

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Largely developers that are into the business

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of buying very old landed properties, rebuilding that

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and then selling off in the resale market.

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So four categories, this falls under category number three

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and then there’s also another one right at Carpmael Road

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also snapped up very quickly at Carpmael region, D15.

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This also falls into category number three.

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So what is happening right now

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is that if you want to get category number four,

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which is the brand new, brand new type

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D-15, you will have to come up

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with at least $4.3 mil to $4.5 mil range.

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00:11:02,320 –> 00:11:04,080
I would say that at least you have to be prepared

257
00:11:04,080 –> 00:11:06,039
to spend at least $4.5 mil range

258
00:11:06,039 –> 00:11:07,600
for inter-terrace.

259
00:11:08,000 –> 00:11:09,639
So what is happening right now is

260
00:11:09,639 –> 00:11:12,559
that the moment when you see category three

261
00:11:12,559 –> 00:11:16,440
and four inching towards the upper tier zoning,

262
00:11:17,559 –> 00:11:21,080
we have technically move into the next disparity effect.

263
00:11:21,080 –> 00:11:24,240
And the next disparity effect is that

264
00:11:24,759 –> 00:11:27,600
this is the semi-detached market.

265
00:11:27,600 –> 00:11:31,840
And I forecast that for the next six to nine months

266
00:11:31,840 –> 00:11:34,960
the semi-Ds that is in the lower tier range

267
00:11:34,960 –> 00:11:36,279
of $4 mil to $5 mil.

268
00:11:37,399 –> 00:11:38,440
I mean the lower tier of $4 mil

269
00:11:38,440 –> 00:11:39,960
are also very hard to find.

270
00:11:39,960 –> 00:11:41,840
If you want to buy something at $4 mil to $4.5 mil,

271
00:11:41,840 –> 00:11:43,720
if you see something that is a semi-D,

272
00:11:43,720 –> 00:11:45,519
at least a 3,000 sqft land,

273
00:11:45,759 –> 00:11:47,960
you should snap it up in the market.

274
00:11:47,960 –> 00:11:50,440
So something that is in the $4 mil to $5 mil kind of range

275
00:11:50,440 –> 00:11:54,039
this will be the next hot favourite in the market.

276
00:11:54,039 –> 00:11:55,879
And I think a lot of buyers will then start

277
00:11:55,879 –> 00:11:58,000
to move towards that tier because

278
00:11:58,000 –> 00:12:00,240
the key reason is because for inter-terraces,

279
00:12:00,919 –> 00:12:04,000
we think that they are reaching the upper tier mark

280
00:12:04,279 –> 00:12:06,600
and of course they will still remain a hot favourite

281
00:12:06,600 –> 00:12:09,639
because right now what’s happening in the COVID-19 situation

282
00:12:09,639 –> 00:12:13,720
is that for the rebuilding costing

283
00:12:13,720 –> 00:12:16,320
by builders and architects,

284
00:12:16,320 –> 00:12:18,159
it has technically increased.

285
00:12:18,879 –> 00:12:22,360
In the past, even to rebuild a home $250 PSF,

286
00:12:22,360 –> 00:12:24,559
$300 PSF is quite common.

287
00:12:24,960 –> 00:12:28,720
Right now after the pandemic or during the global pandemic

288
00:12:28,720 –> 00:12:31,080
because the material cost has increased,

289
00:12:31,080 –> 00:12:33,000
the manpower cost has increased.

290
00:12:33,159 –> 00:12:34,879
And always remember when you buy a pure landed property

291
00:12:34,879 –> 00:12:35,919
or buying the land

292
00:12:36,279 –> 00:12:37,879
and for pure landed property,

293
00:12:37,879 –> 00:12:39,120
we always calculate based on the land PSF,

294
00:12:39,120 –> 00:12:41,679
but you’re also buying the structure

295
00:12:41,679 –> 00:12:42,840
which is sitting on top of the land.

296
00:12:42,840 –> 00:12:44,799
So the structure itself comprise

297
00:12:44,799 –> 00:12:48,039
of many components, it comprise of timber,

298
00:12:48,039 –> 00:12:50,240
it comprises of metal,

299
00:12:50,240 –> 00:12:52,799
it comprise of many different components,

300
00:12:52,799 –> 00:12:56,159
marble, it comprise of manpower, it comprise of time,

301
00:12:56,159 –> 00:12:58,080
it comprise of opportunity costs,

302
00:12:58,080 –> 00:13:00,240
it comprise of expertise.

303
00:13:00,240 –> 00:13:04,759
So every single component to construct the building

304
00:13:04,960 –> 00:13:06,879
has increased in price.

305
00:13:07,159 –> 00:13:09,200
Right now, if you want to rebuild an inter-terrace,

306
00:13:09,200 –> 00:13:10,639
at least you have to make sure you have

307
00:13:10,639 –> 00:13:13,000
at least $350 to $400 PSF

308
00:13:13,039 –> 00:13:14,480
which then bring us to probably

309
00:13:14,480 –> 00:13:16,200
about $1.2 mil to $1.4 mil.

310
00:13:16,360 –> 00:13:18,360
If you want to construct a detached

311
00:13:18,360 –> 00:13:19,559
it’s already inching upwards towards

312
00:13:19,559 –> 00:13:22,919
the $550 to perhaps close to $600 PSF.

313
00:13:22,919 –> 00:13:25,039
So it is not getting cheap.

314
00:13:25,039 –> 00:13:26,600
I think because of this,

315
00:13:27,440 –> 00:13:28,919
a lot of the builders

316
00:13:28,919 –> 00:13:31,919
they also know that they had to sink in

317
00:13:31,919 –> 00:13:33,480
a larger amount of time.

318
00:13:33,480 –> 00:13:35,480
I mean, let me just break it down for you again

319
00:13:35,480 –> 00:13:38,200
the time that you need to construct a landed property.

320
00:13:38,320 –> 00:13:39,440
Three to six months, you need to sit down

321
00:13:39,440 –> 00:13:40,919
with the architect and builder.

322
00:13:41,399 –> 00:13:42,240
Three to six months

323
00:13:42,240 –> 00:13:44,639
you need to wait for BCA submission.

324
00:13:45,080 –> 00:13:47,399
12 to 16 months construction period,

325
00:13:47,399 –> 00:13:50,799
all in, it’s about 24 months that you need to sink in

326
00:13:50,799 –> 00:13:52,600
in terms of the timing to rebuild a home.

327
00:13:52,600 –> 00:13:55,799
Therein, I think the category four types

328
00:13:55,799 –> 00:13:58,879
of landed property will still remain largely

329
00:13:58,879 –> 00:14:02,159
a hot favourite, but I think for inter-terraces,

330
00:14:02,159 –> 00:14:05,279
because it’s tipping towards that range

331
00:14:06,159 –> 00:14:08,759
the semi-D will start to move upwards as well.

332
00:14:08,759 –> 00:14:13,320
So always remember in two ends of the spectrum,

333
00:14:13,360 –> 00:14:15,039
for every asset type,

334
00:14:15,039 –> 00:14:17,200
even for condos, apartments as well,

335
00:14:17,720 –> 00:14:19,559
but for today’s context I’ll talk about landed properties.

336
00:14:19,559 –> 00:14:22,000
The entry level, which is an inter-terrace

337
00:14:22,320 –> 00:14:25,960
and the highest tier level always will tweak

338
00:14:25,960 –> 00:14:27,240
the pricing movement.

339
00:14:27,240 –> 00:14:30,320
So for upper tier levels, like we’re talking about GCBs

340
00:14:30,320 –> 00:14:32,639
I mean, GCB is like a class of its own.

341
00:14:32,639 –> 00:14:34,879
The PSF is continuously rising,

342
00:14:34,879 –> 00:14:37,840
even though we are in this market situation,

343
00:14:37,840 –> 00:14:38,799
a global pandemic,

344
00:14:38,799 –> 00:14:40,960
but you know every time when there’s a crisis,

345
00:14:40,960 –> 00:14:44,600
luxury products always go up on its own accord.

346
00:14:44,600 –> 00:14:47,399
And then on the entry-level spectrum,

347
00:14:47,399 –> 00:14:51,480
this is now a hot favourite since 2020, 12 months ago.

348
00:14:51,519 –> 00:14:54,879
And now it’s pushing inwards towards the semi-D zoning.

349
00:14:54,879 –> 00:14:56,519
So I think semi-Ds

350
00:14:56,519 –> 00:14:59,399
and corner terraces will be a hot favourite

351
00:14:59,399 –> 00:15:01,120
in the next two quarters.

352
00:15:01,120 –> 00:15:03,120
But of course, this is based on my personal opinion.

353
00:15:03,120 –> 00:15:05,240
End of the day if you’ve watched a lot of our episodes,

354
00:15:05,240 –> 00:15:06,600
we’ll always disclaim that.

355
00:15:07,240 –> 00:15:10,240
Do your own homework, do your own financial prudency,

356
00:15:10,480 –> 00:15:12,360
talk to your bankers,

357
00:15:12,360 –> 00:15:14,039
talk to experts,

358
00:15:14,039 –> 00:15:19,399
talk to your own real estate advisor

359
00:15:19,399 –> 00:15:23,120
and people like that just to get different opinions.

360
00:15:23,120 –> 00:15:24,320
Coming back to this chart,

361
00:15:24,320 –> 00:15:25,799
I want to show you three

362
00:15:27,120 –> 00:15:30,519
very lengthy research that our team has done.

363
00:15:30,720 –> 00:15:34,879
Let me just go to semi-D for illustration.

364
00:15:34,879 –> 00:15:36,679
So we have done a very detailed analysis.

365
00:15:36,679 –> 00:15:38,919
Oh my goodness, look at this, 34 pages.

366
00:15:39,519 –> 00:15:41,600
And we start from D09,

367
00:15:42,000 –> 00:15:44,080
all the way, 09, 10, 11

368
00:15:44,080 –> 00:15:46,879
and then we go to D28, D05, D10,

369
00:15:46,879 –> 00:15:49,320
11, 13, 14, 15.

370
00:15:49,960 –> 00:15:54,240
And we track the PSF movement as well as

371
00:15:54,320 –> 00:15:58,360
and let me see if this PSF movement basically starts from 2016.

372
00:15:58,559 –> 00:16:00,879
So we did a research for the past five years

373
00:16:00,879 –> 00:16:06,799
and after which, we also look at the price quantum.

374
00:16:06,799 –> 00:16:08,480
So we did two ranges of research.

375
00:16:08,480 –> 00:16:11,159
One is PSF price movement,

376
00:16:11,159 –> 00:16:14,720
the other one is the overall quantum price movement.

377
00:16:14,720 –> 00:16:16,879
Now, if you want to have this very juicy research

378
00:16:16,879 –> 00:16:18,600
you can contact us.

379
00:16:18,600 –> 00:16:20,240
And of course, when you come

380
00:16:20,240 –> 00:16:23,159
for our PLB buyers consult session

381
00:16:23,159 –> 00:16:26,519
we will show you very in-depth analysis catered

382
00:16:26,519 –> 00:16:28,120
to your specific situation.

383
00:16:28,120 –> 00:16:31,000
So we do one-to-one consults either over zoom

384
00:16:31,000 –> 00:16:33,240
or you can contact us to drop by our office

385
00:16:33,240 –> 00:16:37,000
our buyers’ consultant will very happy

386
00:16:37,000 –> 00:16:38,240
to meet up with you to chat a little bit more

387
00:16:38,240 –> 00:16:39,600
about your plans.

388
00:16:39,840 –> 00:16:42,960
So this very deep dive research shows the trend

389
00:16:43,639 –> 00:16:46,360
in terms of the price quantum movement for D15 semi-D.

390
00:16:46,360 –> 00:16:49,440
We think that right now, it has not moved up a lot

391
00:16:49,440 –> 00:16:53,519
yet it is still a very good time for you to enter.

392
00:16:53,519 –> 00:16:55,320
And if you look at D19,

393
00:16:55,440 –> 00:16:58,200
we think that for D19, just check this out

394
00:16:58,200 –> 00:17:00,360
for the past five years, 2016

395
00:17:00,360 –> 00:17:04,160
the average price range all the way from 2016 to 2019

396
00:17:04,160 –> 00:17:07,599
is still at this $3 mil range.

397
00:17:08,000 –> 00:17:10,880
It has not even touch the $4 mil.

398
00:17:11,240 –> 00:17:16,240
It’s only in 2018 that the $4 mil started to be seen

399
00:17:16,359 –> 00:17:18,240
and then it went up a little bit

400
00:17:18,240 –> 00:17:19,920
and then it plateau a little bit

401
00:17:20,240 –> 00:17:22,599
right now is at this $4-odd mil range

402
00:17:22,599 –> 00:17:24,640
We think that it is prime time

403
00:17:24,640 –> 00:17:25,680
definitely for semi-D.

404
00:17:25,680 –> 00:17:30,160
I wanna show you the differential with inter-terraces.

405
00:17:30,400 –> 00:17:32,119
And when you look at inter-terraces,

406
00:17:32,119 –> 00:17:35,599
overall price quantum for D19,

407
00:17:35,599 –> 00:17:38,319
have a look at this, the tier has moved up

408
00:17:38,319 –> 00:17:41,440
to this range and take note, this is median.

409
00:17:41,440 –> 00:17:43,119
That means you take into consideration

410
00:17:43,119 –> 00:17:45,920
a lot of old and new mixed together,

411
00:17:46,119 –> 00:17:49,240
but if you look at also the PSF,

412
00:17:49,319 –> 00:17:51,279
look at this price movement right here,

413
00:17:51,319 –> 00:17:54,279
2016, $1,100 plus

414
00:17:54,559 –> 00:17:57,279
and then 2020, 2021 has inched up

415
00:17:57,279 –> 00:17:59,799
and this is land price PSF.

416
00:18:00,000 –> 00:18:03,960
So if you multiply by an average of 1,600 sqft to 2,000 sqft

417
00:18:03,960 –> 00:18:07,440
you get a total average median price right now, which

418
00:18:08,359 –> 00:18:10,839
in so-called summary form is very hard

419
00:18:10,839 –> 00:18:12,480
to get something below $3 mil.

420
00:18:12,480 –> 00:18:16,079
So coming back to the quantum $3 mil,

421
00:18:16,279 –> 00:18:18,400
for something that is, you need to rebuild

422
00:18:18,400 –> 00:18:20,880
$3.5 mil to $3.8 mil

423
00:18:21,000 –> 00:18:22,839
for something that perhaps you don’t have

424
00:18:22,839 –> 00:18:24,000
to renovate that much.

425
00:18:24,119 –> 00:18:27,279
Brand new in D19, there is $4.2 mil to $4.5 mil.

426
00:18:27,519 –> 00:18:31,160
Pretty similar to D15, although D15 is considered

427
00:18:31,160 –> 00:18:33,359
like a little bit more big brother than D19.

428
00:18:33,359 –> 00:18:35,720
D19, the best two locations

429
00:18:35,720 –> 00:18:38,720
would be in Serangoon Gardens as well as Kovan region

430
00:18:38,720 –> 00:18:40,359
very near to the MRT station.

431
00:18:40,400 –> 00:18:42,559
D15 of course is a more upper tier class

432
00:18:42,559 –> 00:18:44,160
because it’s more ease,

433
00:18:44,160 –> 00:18:46,519
is considered the rest of central region

434
00:18:46,519 –> 00:18:47,720
considered city fringe.

435
00:18:47,880 –> 00:18:49,680
D19 is considered suburban

436
00:18:49,680 –> 00:18:53,759
but D19 has a very popular landed enclave zoning.

437
00:18:53,759 –> 00:18:58,440
The next of course, very popular one will be D28 as well.

438
00:18:58,440 –> 00:19:01,200
And D28 has also moved up pretty much

439
00:19:02,200 –> 00:19:03,519
during this range.

440
00:19:03,680 –> 00:19:05,920
Now I wanna come back to this overall trend.

441
00:19:06,359 –> 00:19:07,720
We love to use squarefoot.

442
00:19:08,000 –> 00:19:10,079
So I suggest that you can use that to check out.

443
00:19:10,079 –> 00:19:11,400
Let’s have a look at this.

444
00:19:11,880 –> 00:19:14,440
The green colour is new sale, you click in.

445
00:19:15,839 –> 00:19:17,079
Why you see that is because there

446
00:19:17,079 –> 00:19:18,519
has been a lot of movement

447
00:19:18,519 –> 00:19:21,319
for the cluster houses right here.

448
00:19:21,680 –> 00:19:24,960
And these are all cluster houses, at riverfront.

449
00:19:25,480 –> 00:19:28,160
If you disregard that,

450
00:19:28,359 –> 00:19:33,119
and you only look at so-called resale,

451
00:19:33,319 –> 00:19:34,400
this is the volume.

452
00:19:35,400 –> 00:19:39,119
The volume is almost pretty crazy right now.

453
00:19:39,519 –> 00:19:41,640
And if you look at D15,

454
00:19:43,720 –> 00:19:45,279
volume is also pretty crazy.

455
00:19:45,279 –> 00:19:46,680
In fact, overall,

456
00:19:47,359 –> 00:19:52,359
for all districts combined

457
00:19:53,480 –> 00:19:54,799
landed property is really one

458
00:19:54,799 –> 00:19:56,200
of the hot favourites right now.

459
00:19:56,200 –> 00:19:58,720
In fact one of the hottest since many years back

460
00:19:58,720 –> 00:20:00,240
if I were to pull this back,

461
00:20:01,839 –> 00:20:04,079
the last round it was very hot was 2012

462
00:20:04,079 –> 00:20:08,240
in terms of volume right now, iit’s surpassed that last peak.

463
00:20:08,240 –> 00:20:11,400
And why is it gaining so much momentum?

464
00:20:11,400 –> 00:20:12,240
I think the key rationale

465
00:20:12,240 –> 00:20:15,559
is because when new launches PSF and resale

466
00:20:15,559 –> 00:20:18,000
condominiums and apartments per square foot inch upwards,

467
00:20:18,000 –> 00:20:21,200
usually people are looking for a larger size

468
00:20:21,279 –> 00:20:22,720
and the calculation

469
00:20:22,720 –> 00:20:24,640
although for landed properties is based on the land

470
00:20:24,640 –> 00:20:26,599
but if you take the total built-up area

471
00:20:26,599 –> 00:20:28,559
divided by the overall price

472
00:20:28,559 –> 00:20:30,880
that is based on liveable built-up space

473
00:20:31,039 –> 00:20:33,400
is definitely still lower than if you go

474
00:20:33,400 –> 00:20:38,039
on to buy a new launch apartment or condo resale apartment.

475
00:20:38,039 –> 00:20:40,519
But of course, these are two different products altogether

476
00:20:40,519 –> 00:20:43,400
one is a pure landed, no facilities.

477
00:20:44,359 –> 00:20:45,839
families that want to have facilities

478
00:20:45,839 –> 00:20:48,519
definitely will go for condominiums and apartments.

479
00:20:48,519 –> 00:20:50,119
So it’s a different world

480
00:20:50,359 –> 00:20:53,359
but of course, as Singaporeans,

481
00:20:53,880 –> 00:20:56,960
even if you are a PR or a foreign buyer,

482
00:20:56,960 –> 00:20:58,519
you wanna take into consideration

483
00:20:58,519 –> 00:21:00,799
what is the movement between asset type?

484
00:21:00,799 –> 00:21:03,799
So this is it right now.

485
00:21:03,799 –> 00:21:05,640
I think if you can, try to hunt

486
00:21:05,640 –> 00:21:08,440
for $4 mil to $5 mil ranges

487
00:21:08,440 –> 00:21:13,160
of semi-detached houses in D19 or D15.

488
00:21:13,559 –> 00:21:15,920
If you are in different parts of zoning,

489
00:21:15,920 –> 00:21:17,480
take note of what is the price movement

490
00:21:17,519 –> 00:21:19,119
of the inter-terraces first

491
00:21:19,279 –> 00:21:21,720
before you decide whether the semi-detached pricing

492
00:21:21,720 –> 00:21:23,640
is something that you wanna enter into.

493
00:21:23,640 –> 00:21:25,480
So of course you are gonna find different

494
00:21:25,480 –> 00:21:27,480
types of categories within the semi-Ds

495
00:21:27,480 –> 00:21:30,039
as well there’s gonna be semi-Ds that you need to rebuild,

496
00:21:30,039 –> 00:21:31,440
semi-Ds you need to A&A,

497
00:21:31,440 –> 00:21:33,240
semi-Ds you need to, you can move in

498
00:21:33,240 –> 00:21:35,480
and brand new, brand new semi-Ds definitely

499
00:21:35,480 –> 00:21:37,559
in the ranges of between $6 mil to $8 mil.

500
00:21:38,319 –> 00:21:41,480
So you need to see what is your time horizon.

501
00:21:41,480 –> 00:21:43,920
Are you okay to perhaps enter a semi-D

502
00:21:44,039 –> 00:21:45,200
go for older built first

503
00:21:45,200 –> 00:21:49,000
maybe just renovate a little bit $200,00, $300,000

504
00:21:49,000 –> 00:21:51,440
and then maybe after three to five years,

505
00:21:51,440 –> 00:21:53,599
if you want to rebuild, that’s still a possible option

506
00:21:53,599 –> 00:21:57,279
but most importantly, enter into the market first,

507
00:21:57,599 –> 00:22:00,359
have the land under your portfolio first.

508
00:22:00,359 –> 00:22:03,400
And we think that a landed property is definitely prime time

509
00:22:03,680 –> 00:22:05,319
for at least the next five to eight years.

510
00:22:05,319 –> 00:22:07,839
In fact, I think it’s gonna be a very long lasting effect

511
00:22:07,839 –> 00:22:11,160
with more and more people appreciating landed properties.

512
00:22:11,160 –> 00:22:15,519
So that’s all for this episode number four,

513
00:22:15,680 –> 00:22:17,480
we’re gonna see you on episode number five.

514
00:22:17,480 –> 00:22:19,200
And of course, in the meantime if you have any questions

515
00:22:19,200 –> 00:22:20,599
you can DM us on Instagram.

516
00:22:20,599 –> 00:22:22,799
Recently, we started our Tik Tok channel as well.

517
00:22:22,799 –> 00:22:25,559
Do support us at Tik Tok

518
00:22:25,559 –> 00:22:27,759
you can look for me @melvin.lim

519
00:22:28,000 –> 00:22:29,440
or you can look for ours @propertylimbrothers

520
00:22:29,440 –> 00:22:30,640
we have two different channels

521
00:22:30,640 –> 00:22:32,440
talking about two different content.

522
00:22:32,480 –> 00:22:34,720
And thank you for supporting us.

523
00:22:34,720 –> 00:22:36,720
We wish you all the best, stay safe,

524
00:22:36,720 –> 00:22:38,400
take care, take care of yourselves and family

525
00:22:38,400 –> 00:22:40,039
enjoy work while working from home

526
00:22:40,039 –> 00:22:42,359
and we’ll see you on the next episode, cheers.