Eh, you heard about the latest property prices ah? Crazy sia! Seems like everyone is talking about whether to buy, sell, or just makan popcorn and watch the show. This post dives into what real Singaporeans are saying on the HardwareZone forum about property market trends, en bloc sales, and where prices might be headed. We’ll be looking at discussions from mid-January 2025, so let’s see what’s going on!
What HWZ Insiders Are Saying
The HardwareZone forum is a goldmine for real talk. Here’s what’s buzzing:
- Old vs New Investments: Some users reminisce about the ‘good old days’ when property was the only real investment option, before crypto and easy US stock trading. User aurvandil pointed out, “Back then there was no crypto. There was also no IBKR where you could trade US stocks or US indices cheaply…”
- The ‘Huat’ Factor: Many are still looking for that ‘huat’ moment, discussing whether new launches or resale properties are the best bet. The word ‘huat’ (prosperity) is frequently used, reflecting the desire for good returns.
- Location, Location, Location: There’s a clear shift towards RCR (Rest of Central Region) properties, with some saying OCR (Outside Central Region) is losing popularity due to crowded transport and long commutes. User drkcynic observed, “The nearer you are to central areas, the better. RCR seems to be the sweet spot since OCR is also hitting 2xxxpsf.”
- The Floor Debate: Forget the super high floors, some users are saying the views aren’t that different after level 20, making lower floors a smarter buy. User jouhyo mentioned, “The view anything above 20 floor is about the same. You are not gonna get much if u are 20 or 30 floor. Diminishing return.”
- Developer Woes: There’s also talk about some developments facing issues and owners potentially suing, which is a reminder to do your homework before buying. User drkcynic shared, “TG owners preparing to sue liao. Get ready popcorn.”
What Singaporeans Can Do
Okay, so what can you actually do with all this info? Here are some practical tips:
- Do Your Research: Don’t just jump into any new launch. Check out resale prices in the area, and compare different projects.
- Consider RCR: If you’re looking for a sweet spot, RCR areas seem to be gaining traction due to convenience and accessibility.
- Don’t Overlook Resale: Sometimes, resale properties offer better value, especially if you’re not chasing the latest and greatest.
- Think Long-Term: Property is a long-term game. Focus on good location, quality, and potential for growth.
- Don’t FOMO: Don’t get caught up in the hype. Evaluate your options carefully and don’t buy based on fear of missing out.
Latest Trends & Updates
Things are moving fast in the Singapore property market. Here are some recent developments:
- New Launch Sales: New launches like Bagnall Haus and The Orie saw strong sales in mid-January 2025, with The Orie selling over 86% by the end of the launch weekend.
- RCR vs OCR: The trend of RCR developments outperforming OCR continues to be discussed. This is evident in users comparing pricing and sales percentages.
- Harmonization Impact: The effect of harmonization on pricing is a hot topic, with some users noting that it might be reducing the appeal of some resale units.
Real Storeis from Fellow Singaporeans
Here are some real snippets from the forum, showing the diverse opinions out there:
“If my source is right Believe there are 164 units sold. Cheques received is 164. Like no one drop leh”
pcmdan (18 January 2025)
“That’s why I encourage everyone here go get a RES license… just use this advantage to get yourself a vvip priority queue in any hotly contested new launches so you will huat faster than the rest.”
Zanahoria (18 January 2025)
“Not many lah…..i don’t have huat kueh parents lol. But find a good capable wife really helps alot to turbocharged your family networth”
DevilPlate (18 January 2025)
“Every new launch with a half decent location is selling like crazy. “RCR” officially become the new “CCR”. CCR can officially stand 1 side liao. The bears also can pang kang liao. Yet another boat has sailed.”
drkcynic (18 January 2025)
“Resale 3+store in OCR already up 200-300k 2years ago. Waste time buying new launches in 2022-2023 if now then ready to buy then yes, new launches price gap has narrowed to a more reasonable level.”
DevilPlate (25 January 2025)
References: Continue the Discussion
For more detailed discussions on Property Market Trends & Analysis, check out these HardwareZone forum threads: