Singapore Property Watch - September 2008

September 20, 2008

A Singapore Real Estate Digest by Justin Ng
September 2008 Edition

Latest Singapore Property Market News

Sales of new private residential homes fall by 64% in August 2008
SINGAPORE: Sales of new private residential homes slipped 64 per cent to 320 units in August, as compared to over 890 units sold in July. Market watchers say this is the weakest transaction volume since April 2008.

At the peak of the property boom in August 2007, over 1,700 units of private homes were sold, and the 320 units sold in August 2008 was 81 per cent lower year-on-year.

Introducing Property-SearchOnline.com

Property Search Online is one of the fastest growing property and real estate forum in Singapore. Since its soft launch in May 2008, it has attracted more than 360 registered members and registration is completely free!

Justin has appointed Property Search Online to become the official distributor for the entire suite of Justin Ng Property Tools.

Comparative Market Analysis (CMA) Report will be one of the unique products to be rolled out on its official launch in October 2008. View CMA sample report for HDB Flats and Private Properties

For just as low as $10.00 per copy, you get to know everything about your lovely apartment within a minute or two.

We are currently seeking for partners to be part of our reseller program and earn recurring commissions from our wide range of products and services.

For inquiries on our reseller program, please email to admin@justinngproperties.com

August’s Property Transactions
Flat Type	Units Sold
4 Room	769 units
3 Room	653 units
Condominium	653 units
5 Room	577 units
Apartment	291 units
Executive	187 units
Terrace House	91 units
Executive Condominium	56 units
Semi-Detached House	36 units
2 Room	25 units
Detached House	19 units
HUDC	2 units
Multi-generation	1 units

HDB Town/Estate	Units Sold
Woodlands	198 units
Tampines	158 units
Jurong West	149 units
Bedok	139 units
Hougang	134 units
Yishun	134 units
Ang Mo Kio	133 units
Sengkang	112 units
Bukit Batok	101 units
Choa Chu Kang	96 units

Singapore Property Trend - Past Transactions

Past Property Transactions - 3 Rooms Past Property Transactions - 4 Rooms Past Property Transactions - 5 Rooms Past Property Transactions - Executive Past Property Transactions - Apartments Past Property Transactions - Condominiums Past Property Transactions - Detached House
Past Property Transactions - Terrace House

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Singapore Property Watch - August 2008

August 17, 2008

A Singapore Real Estate Digest by Justin Ng
August 2008 Edition

Latest Singapore Property Market News

Removal of property fee guidelines unlikely to have deep impact
If you’re shopping for a new home or selling one, you can now negotiate with your property agent on the appropriate commission.

The Institute of Estate Agents (IEA) will remove its guidelines on property agents’ commissions next month, to fall in line with the Competition Act.

Consumer watchdog CASE has welcomed the move, pointing out that it is not compulsory to have agents facilitate a property transaction.

IEA to remove guidelines on property agents’ commissions
If you’re shopping for a new home or selling one, you can now negotiate with your property agent on the appropriate commission.

The Institute of Estate Agents (IEA) will remove its guidelines on property agents’ commissions next month, to fall in line with the Competition Act.

Consumer watchdog CASE has welcomed the move, pointing out that it is not compulsory to have agents facilitate a property transaction.

Public housing hots up while private cools
Prices for public housing on the resale market have risen, while those for private property have moderated for the second quarter of 2008.

According to latest official figures, there has also been little upward movement in the private property rental market.

What’s New at JustinNgProperties.com?

Justin welcomes IEA’s move to remove guidelines on property agents’ commissions and he has itemized his services to justify his commissions and for owners who do not wish to engage agents, they only pay for what they need. Click here for more info.

Justin has developed a Comparative Market Analysis (CMA) Report Generator for you to create your personalised CMA report within 1 to 2 minutes! View CMA sample report for HDB Flats and Private Properties or try it now.

He has also launched a SMS system to provide you with information on demand 24 hours daily. See below for more information. More commands will be added in due course. This service is free but however, usual SMS charges to your telco apply.

Info-On-Demand Service - SMS Request to 92717889 NEW
Command	Description	Usage
ADDR	Find local address.	“ADDR [postal_code]” (Eg: ADDR 048545)
ADV	Advertise on JustinNgProperties.com via SMS. Max. 160 characters.	“ADV [ad_content]” (Eg: ADV Condo for sale)
ADVC	Advertise cobroke ads on JustinNgProperties.com via SMS. Max. 160 characters.	“ADVC [ad_content]” (Eg: ADVC Condo for sale)
ETHNIC	Ethnic Group Eligibility Check for HDB resale flats only.	“ETHNIC [postal_code]” (Eg: ETHNIC 440078)
HDBLT	HDB latest transaction.	“HDBLT [flat_type] [street_name]” Flat Type: 1R / 2R / 3R / 4R / 5R / EXEC / HUDC / JUMBO (Eg: HDBLT 4R Toh Guan Rd)
HELP	More information on command.	“HELP [command]” (Eg: HELP HDBLT) or “HELP” for full command list.
PC	Find postal code.	“PC [block/house_number] [street_name]” (Eg: PC 14 Robinson Road)
SHOWAD	Show advertisement. See also ADV or ADVC command.	“SHOWAD [mls #]” (Eg: SHOWAD 123)
UNSUB	Unsubscribe to stop receiving SMS advertisements from 3rd party advertisers.	“UNSUB” (Eg: UNSUB)

July’s Property Transactions
Flat Type	Units Sold
4 Room	910 units
5 Room	680 units
3 Room	652 units
Condominium	587 units
Apartment	229 units
Executive	214 units
Terrace House	80 units
Executive Condominium	47 units
Semi-Detached House	31 units
Detached House	22 units
2 Room	14 units
HUDC	7 units
Multi-generation	1 units

HDB Town/Estate	Units Sold
Jurong West	221 units
Woodlands	201 units
Tampines	164 units
Yishun	151 units
Sengkang	131 units
Bukit Batok	127 units
Bedok	127 units
Ang Mo Kio	121 units
Hougang	119 units
Choa Chu Kang	117 units