Eh, you hear about the latest property craze? Seems like everyone in Singapore is talking about new launches, especially The Orie. Prices are going up like crazy, and some people are even queuing overnight just to get a unit. But is this just FOMO, or is there more to it? Let’s kaypoh into what’s going on.
Forum Buzz: Key Takeaways
- New Launches are HOT: HardwareZone threads show a huge interest in new developments like The Orie, with many users discussing indicative prices and launch day strategies. One user noted, “More than 1500 cheques collected for Orie with today being the last day of cheque collection.”
- RCR is the New CCR: Forum discussions suggest a shift in buyer preference from OCR to RCR, with users noting, “‘RCR’ officially become the new ‘CCR’. CCR can officially stand 1 side liao.” This is likely due to increased convenience and accessibility.
- Price Staging Tactics: Some forum users are skeptical about developers’ initial pricing, suspecting “The claims of 2.4k psf is just to draw the suckers there and let them hear all the marketing talk.” They believe prices will likely be higher after the initial hype.
- Fear of Missing Out (FOMO) is Real: Many forum users highlight the Singaporean mentality of buying when they see long queues, even if prices are high. As one user put it, “And the moral of the story is, sinkie mentality very funny. They only buy when they see alot of pple queuing.”
- Property Gurus Under Scrutiny: There’s a lot of discussion about property ‘gurus’ and their recommendations, with some users questioning their credibility and motives. One user mentioned, “Frankly speaking, those that looks decent not much stock left in current market…”
SG Context: Latest Trends & Updates
Singapore’s property market remains a hot topic in 2025. Recent data shows that RCR (Rest of Central Region) properties are gaining popularity, with prices reflecting this trend. The government has also hinted at potential cooling measures if necessary, aiming to maintain a stable market. As mentioned by one user, “the G wanting to maintain a stable property market.” This suggests that the authorities are keeping a close watch on the current property boom. The recent increase in ABSD (Additional Buyer’s Stamp Duty) for foreigners has also impacted market dynamics, leading to a shift in focus towards local buyers.
Voices from the Forum: Real Singaporean Perspectives
Mine is 3.2% for 3 years cos i refinance when rates was the highest….
normoh (20 Jan 2025)
Just to share, I got a call from DBS today on revised repricing offer. After Dec 24 FOMC the rate was at 2.68%. Today’s offer is at 2.6%. 2 years lock in. 3M SORA + 1% thereafter Loan amount > 1M
limck (10 Jan 2025)
The Orie Indicative Starting Price looks super good. 1 Bed+Study fr $1.28 m (fr 2475 psf) 2 Bedroom fr $1.48m (fr $2500 psf 3 Bedroom fr $2.09m (fr $2458 psf) 4 Bedroom fr $2.92m (fr $2401 psf) 5 Bedroom w Pte Lift fr $3.48m (fr $2395 psf)
Advancer (02 Jan 2025)
East side best side, haha. I grew up in the east and love it too. But both investment won’t go wrong as TPY and Tampines are both very popular town with different attractions.
Advancer (02 Jan 2025)
Already 2025 liao. Still hoping for more cooling measures. Next year same time, still hoping for cooling measures. Today is the last year of 2024, all throwing countdown bikini pool party. Here still discussing cooling measures. Chill my friends. Wishing everyone has a huat 2025!
elvintay07 (31 Dec 2024)
Actionable Takeaways: What Singaporeans Can Do
So, what can you do amidst all this property talk? First, do your homework. Don’t just follow the hype. Look at the actual location, floor plans, and amenities. Second, consider your budget and long-term goals. Don’t overstretch yourself just because everyone else is buying. Third, be skeptical of marketing tactics and remember that prices can change quickly. Finally, stay informed about the market and keep an eye out for potential government interventions. Don’t rush into a decision. Take your time, do your research, and make a smart choice that suits your needs.