Monthly Archives: May, 2014

Types of Pets Allowed in HDB

Dear HDB owners, are you aware that HDB allows only certain breeds of dogs to be kept as pets in HDB flat. The approved breeds are small dogs which are generally more manageable. Any flat owner who keeps an unapproved dog breed or has more than one dog on the premises shall be considered guilty of having breached the HDB regulation regarding pets and will be liable for conviction that can amount to a fine of up to a maximum of S$4,000.

Besides dogs, HDB allows flat owners to keep other pet animals such as fish, hamsters, rabbits, and birds.These pets generally do not cause nuisance to neighbours and do not disturb the environment. Flat owners are not allowed to keep cats in HDB flats, as it is generally difficult to confine cats within the flat premises. Nuisance caused by cats such as shedding of their fur, defecating/urinating in public areas or even the caterwauling sounds that they make can cause a lot of disturbance, which affects the environment and disrupts neighbourliness in our housing estates.

Below is a guide on the approved dog breeds allowed to be kept as pets in HDB flats.

 

HDB Approved dog breeds

HDB Approved dog breeds

Source - HDB
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2 Executive Condominium Housing Development Sites at Yishun

On  27 Mar 2014,  the Housing & Development Board (HDB) and Urban Redevelopment Authority (URA) will be releasing three residential sites for sale in March 2014 under the 1st Half 2014 (1H2014) Government Land Sales (GLS) Programme in order to provide developers and home buyers with more choices for private housing,  Together, these three sites can yield about 1,300 residential units. The two Executive Condominium sites at Yishun Street 51 are launched for sale under the Confirmed List.  I guess the winning developers will leverage of the superior geographical advantage of these 2 plot of lands and oriented most units  to face the Orchid Park Country Club Golf Course and the Lower Seletar Reservoir. Cool. Home owners may admire a panoramic view of Seletar Reservoir and Orchid Country Club’s golf course from the comfort of their own home which is hard to find in Singapore now a days where views are often obstructed by high rise buildings.  So potential buyers , stay tuned.  

View of Ochird Country Club Golf Course

View of Ochird Country Club Golf Course

Below are the details of the sale sites –

Proposed Development Executive Condominium Housing
Location Yishun Street 51 (Parcel A)  (PDF 311KB) Yishun Street 51 (Parcel B)  (PDF 310KB)
Site Area 17,940.20 sq m 18,260.40 sq m
Maximum GFA 
[GPR]
50,232.56 sq m
[2.8]
51,129.12 sq m
[2.8]
Maximum Building Height 56m AMSL 56m AMSL
Estimated Dwelling Units 490 520
Lease Term 99 years 99 years

As of 22/5/2013 12 noon, 6 bids were received for Yishun Street 51 (Parcel A) and 8 bids were received for Yishun Street 51 (Parcel B) . 

The details of the provisional tender results are below:

I) Executive Condominium Housing Site at Yishun Street 51 (Parcel A)

S/N
Name of Tenderer
Tender Price
($)
$psm/GFA
($)
1
Verwood Holdings Pte. Ltd. and TID Residential Pte. Ltd.
$178,500,000
$3,553.47
2
Sim Lian Land Pte Ltd
$174,800,000
$3,479.81
3
Nanshan Group Singapore Co. Pte. Ltd.
$173,100,000
$3,445.97
4
FCL Tampines Court Pte. Ltd. and KH Capital Pte. Ltd.
$171,980,000
$3,423.68
5
Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and Investment Focus Pte Ltd
$157,350,000
$3,132.43
6
Wee Hur Development Pte Ltd
$145,000,000
$2,886.57

 

ii) Yishun Street 51 (Parcel B)

S/N
Name of Tenderer
Tender Price
($)
$psm/GFA
($)
1
JBE Holdings Pte Ltd
$184,130,000
$3,601.27
2
Nanshan Group Singapore Co. Pte. Ltd.
$176,200,000
$3,446.18
3
Verwood Holdings Pte. Ltd. and TID Residential Pte. Ltd.
$176,000,000
$3,442.27
4
FCL Tampines Court Pte. Ltd. and KH Capital Pte. Ltd.
$164,010,000
$3,207.76
5
Wee Hur Development Pte Ltd
$155,000,000
$3,031.54
6
Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and Investment Focus Pte Ltd
$154,730,000
$3,026.26
7
Sim Lian Land Pte Ltd
$150,280,000
$2,939.23
8
CEL Residential Development Pte Ltd
$138,800,000
$2,714.70

 

Source - HDB

Home Prices Set to FALL in 2H2014

Expect more property developers to follow the step taken by CapitaLand to cut prices, especially for slow-moving projects. To recap, CapitaLand cut prices for Sky Habitat by 12-14% at a new price range of S$1,267 to S$1,622psf when it relaunched the project On 19 April 2014. With that move, CapitaLand sold 106 units of Sky Habitat from 19 to 23 April 2014. Next, we can expect a similar move by Wheelock for The Panorama. Currently, some property developers are offering low single-digit discounts and higher discounts for “star buys” (selective units that are deemed less saleable owing to orientation, level and so on).

SkyHabitat crowd

In our view, developers of slow moving projects may want to consider cutting prices instead of offering freebies (home appliances such as fridge, washer cum dryer, oven, microwave, dishwasher, and so on). Under current market conditions, ultimately what matters is price psf and the absolute price quantum. Clearly, the right pricing strategy remains crucial. A drop of 15%-20% in selling price, could be the magnet to move some of the slow-moving projects in the primary market.

Another trend that we foresee is that property developers will create new show units for projects that didn’t sell well. Furnishings may be different from those in the initial launch. Some of the savings from using a different type of material or product could be passed on to buyers via lower pricing.

The Panorama - artist Impression

The Panorama – artist Impression

My company, HSR have identified 50 projects with take-up rates of less than 50%. For that pool, the average take-up rate increased by less than 3% over the last five months. There were at least eight projects with less than 10% take-up rate over the last five months (December 2013 to April 2014), of which two projects recorded zero take-up. We have highlighted in light grey (see table) projects with stagnant take-up rates over the last five months

Projects with less than 50% Take-Up Rate

 

Research Analysts: Tong Kooi Ong and Penny Yaw , HSR International Realtors 

Article is on HERWORLD Magazine May 2014

Dear valued clients and friends,

Look out for my article in HERWORLD Magazine Issue May 2014.

 

IMG_9300 IMG_9301

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