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sengsk
Elite |
15-Mar-2019 08:37
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Seems like property may moving for reduction of selling price. Malaysia somehow going for price cut which it will cause of foreigner here in Singapore sell off for re-invest towards Malaysia. News and rumour that our developer knew about it where immediately hoping our Singapore government release cooling measure for favour their units in hand to throw out for upgraders. Avoid property stock and watch out the property market !
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Elf2000
Elite |
14-Mar-2019 21:57
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Propnex calls for lifting of cooling measures for HDB upgraders buying private homes
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Elf2000
Elite |
14-Mar-2019 21:56
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https://www.straitstimes.com/business/propnex-urges-cooling-measures-for-buyers-seeking-to-upgrade-from-hdb-to-private-homes-to | ||||
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Sgvale
Supreme |
01-Mar-2019 14:33
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Buy/ Sell properties can be fully automated. Why need so many agents? | ||||
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KAMAL0883
Supreme |
01-Mar-2019 14:27
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you are right.... they dun have their own land or building their assets are those agents which will come and go anytime
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huathuat88888
Elite |
01-Mar-2019 10:07
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AVOID BUYING AGENTS. IT IS THE PPLE INSIDE NOT THE BIZ. THE KEY PPLE CAN JUST PACK UP AND GO CREATE ANOTHER AGENT. THUS I AVOID TRAVEL AGENTS ...ETC NO CORE ASSETS. | ||||
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like2learn
Veteran |
01-Mar-2019 08:43
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Developers re-issuing options amid cooling market, launch bonanza DEVELOPERS reported that they sold 602 private housing units in December - but the figure has turned out to be distorted because options for two-thirds of them were not exercised by the expiry date. Lapsed options or " returned units" may be gaining pace following the July cooling measures and new launches begin to pile up, some market players say..... https://www.businesstimes.com.sg/real-estate/developers-re-issuing-options-amid-cooling-market-launch-bonanza |
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nqing87
Supreme |
15-Feb-2019 10:38
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has been monitoring propnex for the past 2 mths, especially when it drop to 45cents.. 2019 should be a record year in terms of revenue & profit for propnex (as well as APAC realty) with the large number of launches to cater for the demand derived from enbloc sales this couple of years.. was hoping the price continue to fall as market could be anticipating the poorer results beyond 2019.. but then it rebounded strongly.. results should be announced today, and im predicting a poorer Q4 results vs Q3 due to lower launches in Q4.. but the full year 2018 should be record breaking for propnex.. as they mentioned that they will give 50% of dividend based on earnings from the start of IPO, this mean they will based their dividends on total earnings from Q2, Q3 & Q4.. Q2 is 1.1cents eps (which include IPO expenses), Q3 is 1.9cents eps.. as Q4 is the usual low period where there are less sales launches, i estimate around 1cent eps to be conservative.. so total 3 quarters is around 4 cents eps.. 50% dividend is around 2cents.. to be conservative, my estimate dividends forecast for propnex for 2018 is between 1.5 to 2 cents | ||||
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Integrity
Elite |
15-Feb-2019 09:40
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Slowly creeping up | ||||
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johnng
Supreme |
12-Feb-2019 13:49
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back to life soon? | ||||
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HendriJB
Supreme |
02-Jan-2019 12:24
Yells: "Breathe, Step Back - Think " |
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Singapore home prices post first drop in 6 quarters
By: Bloomberg 02/01/19, 11:48 am SINGAPORE (Jan 2): Singapore home prices posted their first decline in six quarters as the government?s cooling measures imposed in July started to bite. Private residential prices slid 0.1% in the last three months of the year, according to preliminary data from the Urban Redevelopment Authority released Wednesday. Luxury was the segment hit the hardest, with prices in prime areas dropping 1.5% after climbing 1.3% in the previous quarter. Still, the index posted a 7.9% gain for 2018 as a whole, the best annual increase in eight years. See: Singapore raises ABSD, tightens LTV after strong property price gains ?? ADVERTISEMENT ?? ?The cooling measures coupled with the US-China trade war and volatility in stock markets have hit the high-end homes segment,? said Christine Li, head of research for Singapore at Cushman & Wakefield Inc. ?Also a dearth of new launches in the prime areas could have resulted in weaker prices.? Authorities in Singapore have kept the property market on a tight leash since the early 2010s in an attempt to avoid runaway prices like those seen in Hong Kong. In July, the government imposed higher stamp duties and tougher loan-to-value rules to choke off a sudden bout of exuberance. The earlier resurgence had been marked by aggressive land bids from developers and an explosion in en-bloc sales, where apartment owners band together to sell entire buildings. This year, prices will rise a maximum of 3% ? or even stay flat or decline ? according to estimates from four real estate firms, after last year?s resurgence prompted a renewed clampdown. Home sales are forecast to once again lag behind 2017 levels. Extra constraints since July have included curbs on the number of ?shoe-box? apartments, limiting transactions at the cheaper end of the market, and anti-money laundering rules that imposed an additional administrative burden on developers. The government is slowing the release of land for residential use in the first half of 2019, citing a spike in supply and cooling demand. Prices of prime-area apartments rose 6.2% in 2018, while those in suburban areas gained 9.5%, the latest data show. The following table gives a breakdown of price moves in the most recent quarter. |
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SgYuan
Supreme |
26-Dec-2018 09:59
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Dntrend EW w0 790 w1 685 w2 735 w3 515 w4? w5? w1 105 w2 50 w3 220 dn 209.5% - px hit lower to from 520 to 515 w4 82 up 602 up 38.2% - px hit high 585 delta 70 up 31.8% and utrn w5 dn ? delta (w1+w3=325) - 50% delta 165 tgt 420 - 61.8% delta 200 tgt 385 - px hit low 480 now dn 32.3%
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HendriJB
Supreme |
03-Dec-2018 06:27
Yells: "Breathe, Step Back - Think " |
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PropNex powers on with an eye on growth
This year, its ranks swelled by more than 900 agents to reach over 7,600 compared to the beginning of 2018. MON, DEC 03, 2018 by YUNITA ONG Mr Ismail says he is confident in his real estate agency - Singapore's largest by number of salespersons - and its asset-light business model and high free-cash flow, which leads to high dividends. BT PHOTO: MATTHIAS CHONG DESPITE his company's share price sliding 21 per cent from its opening price on July 2, PropNex's executive chairman and chief executive Ismail Gafoor considers himself blessed. His initial public offering (IPO) launch date turned out to be just days before the government announced cooling measures to tame the private housing market This invited stabilising action by UOB Kay Hian on July 6 and 9, involving 8,500,000 shares between S$0.56 and S$0.635. He says he is thankful for the timing. "If we had delayed by just four days ... nobody would have bought it, and we might have had to wait for another three or four years." ADVERTISEMENT He is unruffled by the slide in the company's share price, which closed on Friday at S$0.54, down from the IPO price of S$0.65 and the opening price of S$0.685 I'm never worried about share prices coming down. Obviously, if it continues to go down, I'll probably buy back everything he says. Mr Ismail himself has dipped into the market multiple times since July 10 to buy up shares at prices ranging from around S$0.58 to S$0.53 and now holds over 5.8 million shares through his own brokerage account, according to Singapore Exchange disclosures Those shareholdings are outside of his 62 per cent interest in P&N Holdings, which controls PropNex Mr Ismail says he is confident in his real estate agency - Singapore's largest by number of salespersons - and its asset-light business model and high free-cash flow, which leads to high dividends. The company said in its prospectus it will distribute dividends of at least 50 per cent of its net profit for 2018 and 2019. ADVERTISING inRead invented by Teads "Where else can I put the money and get back that kind of return?" he says. This year, PropNex's ranks swelled by more than 900 agents to reach over 7,600 compared to the start of the year. This was after it leapfrogged rival ERA Realty's pole position last year through a business takeover of Dennis Wee Group. The newly-acquired headcount has helped bump up PropNex's financial results. Net profit in its third quarter jumped 41.6 per cent to S$7.2 million, as revenues rose 26 per cent to S$124 million. As for the impact of the cooling measures on PropNex, Mr Ismail says "the pie will become smaller", resulting in some agent attrition. But Mr Ismail, characteristically bullish, reckons a few factors could soften the blow of cooling measures to his financials. Forty per cent of his topline in the first half of the year came from landed homes, leasing and public housing, and he believes those markets will likely not be affected by cooling measures. The remaining 60 per cent comprise project launches and private residential resales. He expects the en bloc boom to boost demand for resale units, and to capitalise on his large agent footprint to market projects. "The fact that there are so many new launches being lined up, even though the volume may not be as high as before ... I think we will be able to capture a share," he says. He thinks that some recent projects that are priced competitively represent a chance to buy at a relatively good price, given that leading up to July, developers were buying land at higher prices in hopes of "forward pricing" at higher levels. "I see a silver lining now because it's a buyers' market. Developers are trying to entice the buyer with a low profit margin and therefore there is a window of opportunity. Will this remain for long? I dont think so." This year and as at Nov 13, PropNex has been involved in 29 project launches and has been appointed for another 24 new projects. The company, which began consumer seminars in 2013, will also hold such events focused on the implications of the cooling measures for investors in the months ahead. Competition for business and salespeople among agencies has only become fiercer due to the high-volume, low-margin business model. ERA Realty recently added 500 agents through two strategic collaborations with other agencies, bringing its headcount to over 6,500. In this environment, PropNex attributes the draw of its agency to factors such as its training and large size. "It's all about training, training, training so our salespeople stay relevant in the market," he declares, though he did not reveal how much the company spends on training. Topics include teaching agents "asset reorganisation", such as the implications of a client owning a second property. Programmes include four conventions in a year and a three-day, 15-hour a day salesperson bootcamp that started in 2015, which aims to drive home their "role, purpose and mission". "The proof is in the pudding as you can see how they have gained momentum in new launches. That seems to show how the training programmes are effective," RHB's analyst Vijay Natarajan told The Business Times. RHB does not cover PropNex's stock, though Mr Natarajan follows the agency business and covers APAC Realty. Mr Ismail also says the company's scale allows it to implement IT systems like a co-broker app, and a central system that notifies agents when a transaction has been made in real-time. New initiatives are afoot to grow the business beyond real estate brokerage. PropNex began an auction business this year. Starting from last year, Mr Ismail has also been growing his empire further afield, in the hope of making PropNex a strong regional brand in five years. Currently, it has close to 1,000 salespersons across 19 offices in Indonesia, about 200 salespersons in Malaysia across two offices, and 100 salespersons at its Ho Chi Minh City's office, though he says the "vast majority" of his revenue still comes from Singapore. For each of these countries, there is a "clear KPI" that in three years of operation, they must create a strong market presence, and in five years, must be among the top five in their respective country. He wants these agents to be aligned deeply with the PropNex brand - overseas salespeople are to travel to Singapore for salespeople bootcamps as well. "Our current focus is Asean, will it contribute more? Yes, but will it be a huge percentage to our bottom line in our next five years? May not. It will take some time for us to grow some business," Mr Ismail says. |
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HendriJB
Supreme |
29-Nov-2018 15:21
Yells: "Breathe, Step Back - Think " |
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Chart of the Day: Landed home sales crashed 31.9% in Q364 homes were sold in District 19. This chart from Edmund Tie & Company (ETCo) shows that landed home sales dropped 31.9% YoY to 368 units in Q3 2018. &ldquo This may be due to the larger price quantum of landed properties, in comparison to non-landed homes, resulting in homebuyers being even more cautious,&rdquo ETCo explained. The firm also noted that the slowdown in transaction fueled the growth of price momentum, with the Urban Redevelopment Authority&rsquo s (URA) landed price index rising 2% QoQ in Q3, from a 4.1% growth in Q2. The most number of transactions were seen in District 19 where 64 landed homes were sold. Meanwhile, Districts 15 and 16 recorded 40 and 31 homes sold in Q3, respectively. |
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HendriJB
Supreme |
27-Nov-2018 19:38
Yells: "Breathe, Step Back - Think " |
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PROPNEX LIMITED
(Company Registration No.: 201801373N) (Incorporated in the Republic of Singapore) OUTCOME OF LITIGATION AGAINST 1. PROPNEX REALTY PTE LTD (WHOLLY-OWNED SUBSIDIARY OF PROPNEX LIMITED) AND 2. LIM TOW HUAT (DIRECTOR OF PROPNEX REALTY PTE LTD/ PROPNEX LIMITED) The Board of Directors (the Board) of PropNex Limited (the "Company") refers to the legal proceedings brought by Crossfire International Pte Ltd (the "Plaintiff") taken against PropNex Realty Pte Ltd (?1st Defendant?) and Lim Tow Huat (?5th Defendant") mentioned in page 205 of the Prospectus issued in relation to the Initial Public Offer of the Company and registered by the Monetary Authority of Singapore on 25 June 2018. The Board wishes to update that pursuant to an Order of Assistant Registrar Miyapan Ramu dated 3 October 2018, it was ordered that (i) the Plaintiff to provide security for the 1st and 5th Defendants? cost up to the exchange of Affidavits of Evidence-in-Chief in the sum of S$60,000 by way of payment into Court, or by providing a banker?s guarantee, or by way of lawyer?s undertaking, or on such other terms satisfactory to the 1st and 5th Defendants by 14 November 2018 and (ii) in the event that the Plaintiff failed to comply, the Plaintiff?s action against the 1st and 5th Defendants would stand dismissed with costs to be agreed or taxed, and to be paid by the Plaintiff to the 1st and 5th Defendants without further order. Default having been made of the above, via a Judgment Pursuant To Order of Court dated 21 November 2018, the High Court had adjudged that the Plaintiff?s action against the 1st and 5th Defendants was dismissed and the Plaintiff to pay the 1st and 5th Defendants? costs to be agreed or taxed. Further announcements will be made by the Company as and when there are any additional material developments. By Order of the Board Ismail Gafoore Executive Chairman and CEO 27 November 2018 UOB Kay Hian Private Limited is the sole issue manager of the initial public offering and listing of PropNex Limited. UOB Kay Hian Private Private Limited assumes no responsibility for the contents of this announcement. |
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HendriJB
Supreme |
26-Nov-2018 13:35
Yells: "Breathe, Step Back - Think " |
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PropNex time to buy | ||||
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HendriJB
Supreme |
22-Nov-2018 16:58
Yells: "Breathe, Step Back - Think " |
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HDB resale market outperforms expectations: OrangeTee
By Charlene Chin / EdgeProp | November 22, 2018 12:43 PM SGT Tags: HDB The HDB resale market exceeded expectations as applications to sell HDB flats rose 18.9% q-o-q to 7,063 units in 3Q2018, notes OrangeTee & Tie in its public housing market report released on Nov 21. This brings total resale applications in the first three quarters of the year to a five-year high of 17,462. Resale transactions from January to September at or exceeding $700,000 achieved a six-year high, at 1,438, says OrangeTee. This is a rise of 68.6% over the same period in 2013, when the figure stood at 853. On a y-o-y basis, this marks a 22.8% rise, from 1,171 flats sold. For the first three quarters of the year, 52 HDB units that were sold at prices at or exceeding $1 million. Of these, 40 were below 20 years old, while 12 exceeded that. Significantly, a 2,551 sq ft HDB terrace at Jalan Bahagia was sold for $1.185 million in September, trumping the prior record, for a five-room, 1,259 sq ft unit in Toa Payoh sold for $1.16 million in August. ADVERTISEMENT In the broader resale market, prices have been on a general downtrend in the past few years. Since 2Q2015, changes in prices of resale flats have been fluctuating between -1% and 1% q-o-q. In 3Q2018, prices dipped marginally by 0.1% q-o-q. For the first three quarters of this year, prices slipped 0.8%. Resale popularity based on location Non-mature towns saw a higher number of resales in 3Q2018 compared with mature estates, observes OrangeTee. Sengkang led with 528 units, followed by Woodlands at 516 units, Jurong West at 505 units, and Punggol at 469 units. The high supply of new buildto-order (BTO) flats in Punggol and Sengkang has not dampened the resale market there. The four- and fiveroom flats in the two towns saw a y-o-y price increase for the period of January to September. In comparison, flats in Bukit Batok, Jurong West, Choa Chu Kang, Woodlands and Yishun saw prices fall across all room types over the same period. For the first three quarters of the year, resale applications in Punggol leapt 334.4%, from 276 units in 2013, to 1,199 units in 2018. Sengkang registered the next highest jump, rising 58.3% to 1,244 units. ADVERTISEMENT Rents The HDB rental market remains weak. Approved applications for renting out of HDB units fell 6.7% q-o-q, from 12,024 cases to 11,216 in 3Q2018. The number of flats rented out has increased 2.1% over the same period, from 54,896 units at June 30 to 56,074 units at Sept 30. BTO flats The subscription rates of new BTO units are lower than last year?s figures, says OrangeTee. The government released fewer BTO flats for the second consecutive year ? only 15,817 units, a 10% decrease y-o-y and a 41.6% reduction from the high of 27,084 units in 2012. This year, 17 BTO projects were released. Yishun Glen led with 1,693 units, followed by Plantation Grove with 1,620 units, and Tampines Greenvines with 1,271 units. |
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HendriJB
Supreme |
22-Nov-2018 15:08
Yells: "Breathe, Step Back - Think " |
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Luxury Condo Prices Hit Record High In Q3
Romesh Navaratnarajah ? November 22, 2018 Luxury apartments in Singapore. View of luxury apartments in Singapore. The average price of resale luxury condos in Singapore reached a new record high of $2,063 psf in Q3 2018, likewise for new sales of high-end condos at $2,819 psf, according to a new report from OrangeTee & Tie. The most expensive luxury home sold during the third quarter was a 438 sq m (4,714.6 sq ft) resale unit on the 17th floor of the Urban Resort Condominium that changed hands for $13.9 million, which works out to $2,948 psf. Read our Step-by-Step Guide to buying a condo This was followed by a 273 sq m (2,938.5 sq ft) unit at Bishopsgate Residences for $11.5 million ($3,913 psf). Two luxury condos were also snapped up for $11 million each ? a 290 sq m (3,121.5 sq ft) unit on the 16th floor of Twentyone Angullia Park and a 285 sq m (3,067.7 sq ft) unit on the13th level of 336 River Valley, which were sold for $3,524 psf and $3,586 psf respectively. However, sales of upscale condos in the Core Central Region (CCR) plunged by 40.5 percent to 569 units on a quarterly basis in Q3. Nonetheless, transactions of non-landed homes costing at least $3 million remained robust at 187 units, surpassing the five-year average of 173 units from Q3 2013 to Q2 2018. Figures exclude bulk purchases involving more than five units per deal. ?The steady demand for luxury demand homes above $3 million suggests that Singapore remains a top investment destination among high net-worth individuals (HNWI) and affluent foreigners,? said OrangeTee & Tie?s research head Christine Sun. In particular, 62 luxury condos priced at $5 million or above were transacted in Q3. There were also seven sales of high-end condos costing at least $10 million, of which six occurred after the latest property cooling measures were imposed on 6 July. Meanwhile, the property consultancy noted that despite the new curbs, foreigners and permanent residents (PRs) accounted for 6.1 percent and 15 percent of non-landed home sales here respectively versus 5.6 percent and 13.6 percent in the second quarter. Mainland Chinese remained the top foreign buyers of non-landed homes in Q3, followed by Malaysians and Indonesians. In particular, 63.1 percent of mainland Chinese, 71.2 percent of Indians and 82.4 percent of Malaysians purchased units costing under $1.5 million. ?48.7 percent of Indonesians, 42.1 percent of Koreans and 42.9 percent of Taiwanese bought private homes above $2 million. 15.4 percent of buyers from Australia and the UK, 13.3 percent of those from the US and 11.5 percent from Indonesia bought luxury homes at $4 million and above.? ?The ongoing US-China trade war may have spurred some Mainland Chinese to park their monies here to hedge against the devaluation of the yuan. Indonesians may have also transferred their funds to Singapore as a hedge against further depreciation of the rupiah,? noted OrangeTee & Tie. |
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HendriJB
Supreme |
22-Nov-2018 12:05
Yells: "Breathe, Step Back - Think " |
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Singapore Q3 GDP grew 2.2% ... Buy PropNex! | ||||
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HendriJB
Supreme |
20-Nov-2018 09:40
Yells: "Breathe, Step Back - Think " |
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Something is brewing.... 😃 | ||||
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