Property Q&A, New Project Forecasts and How to Evaluate a Project’s Performance | NOTG S3 Ep36

[@ocswoodlands]

Since you all are doing an AMA next time, would like to ask a question: When the SG-JB RTS is completed in 2027, what would be the impact on prices and rentals of woodlands condos (Rosewood/casablanca/rosewood suites/parcrosewood/la casa/forestville/bellewoods/twin fountains

[@notgpodcast]

Hi @ocswoodlands Thank you for watching our content! We hope you enjoyed it :) To answer your question, as with any transport enhancement, the accessibility to the residents within the area will improve significantly. We always believe that a strong factor impacting prices and rentals in an area is down to the demand of the properties within that area. It may not be astronomical, but with the improved accessibility from SG-JB, there could potentially be an increased demand for properties in that area, especially for Malaysians who wish to rent in Woodlands (closer to home). At the same time, the impact of this ease of transit remains to be seen as well, as Malaysians have long grown accustomed to the daily commute across the border either via bus or private transport.. Do let us know if you have any further questions, we would be more than happy to answer them! Cheers!😊

[@steventay5834]

@ocswoodlands No impact lah

[@Qq_5156]

Thanks for the sharing!

[@lishr4536]

LOL! Ya I saw 20 ppl talking to you, that was when I saw the open opportunity to go talk to Grayce hahaha. Also, thank you for choosing my question~ :)

[@notgpodcast]

Hi @lishr4536 Thank you for watching our content! We hope you enjoyed it and we are more than happy to answer any questions that you may have :) Cheers!😊

[@mekvek]

Question: For 35y singles. Should we buy into 2-Room Flexi BTOs? Who are the exit audience for these units once the BTO has MOP

[@notgpodcast]

Hi @mekvek Thank you for watching our content we hope you enjoyed it😊 The 2-room flexi HDB Flat functions like a 1 bedroom apartment with the following setup : 1 bedroom 1 bathroom Living/ dining Kitchen Household shelter According to HDB’s website, this is an affordable housing option for lower-income households, seniors and singles. You may refer to the link below: www.hdb.gov.sg/residential/buying-a-flat/finding-a-flat/types-of-flats With the change of HDB rules which allows Singles to apply for BTO 2-room flexi for all types (Standard, Plus, Prime), this opens up more location options for singles as well instead of being restricted to non-mature estates. With that, it could possibly open up the Resale HDB target audience to Singles who want to live in choice locations which fall within the “Prime” category amongst others. If you would like to find out more, you may read more about the changes here: plbinsights.com/national-day-rally-2023-new-framework-for-singapores-public-housing-from-second-half-of-2024/ Cheers! :)

[@brandybabyyy]

pre covid.. not sure why august this year is count as pre covid, many factors that affect prices recent year.. any example 2019? haha

[@serena2991]

good sharing

[@cybergod77]

imo, the valuation methodology based on past transactions is flawed as this only favours new and sizable developments. Lack of transactions for small projects does not necessary mean a lack of demand, it could simply be a lack of supply. Not everyone enjoys staying in a small high priced unit in a densely packed project. Does it make sense to support the current new launch prices no matter how high developer margins are? New launches now, no matter CCR, RCR or OCR, are all launching about the same prices regardless of land cost. Does that mean location doesn't matter? Higher land bids should raise the prices of resale properties in the vicinity. The gap btwn new and resale should not be too wide a gap. Also, valuations do not accord enough premium for Freehold over their leasehold counterparts especially when Freehold comprise mainly of small projects.. On million dollar flats regardless of remaining lease, is HDB supporting these valuations? So in summary, valuers need to relook at their valuation methodology.

[@eightfoldsg]

EAST COAST PLAN