Especially For Property Investors Looking For Your Next Investment Property
While many investors are looking to purchase properties Outside of Central Region (OCR) and the rest of Singapore, a small group of investors are quietly snapping up properties in the Core Central Region (CCR) at BELOW MARKET RATE and flipping them for high capital return.
Get a comprehensive report of the Top 5 CCR Properties that investors are looking at… and why they are the best possible investment for the savvy investor like you.
Most people think that buying a new launch condo in the Rest of Central Region (RCR) is a combination of low price and good location.
But the truth is… They are not looking at the right places.
In fact, more and more CCR projects have lower entry prices (psf) than RCR properties.
Their potential gains and rental yields will be higher than their city fringe counterparts due to the future developments in the city and more robust connectivity (such as transportation and amenities).
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As the market picks up, we take a look at the JLL report about the potential upside of luxury properties in Singapore, especially in the CCR.
“The outlook for this segment is positive as foreign purchase of high-end homes or those costing above $2,000 psf doubled last year after dropping 80% since 2010 following the Singapore government’s easing of its stringent manpower policy in late 2015.”
(Source: PropertyGuru / JLL)
Based on the chart above, the prices of CCR projects remain attractive for buyers. Even the new homes in RCR and OCR will set new highs at $2,800 psf and $2,400 psf respectively.
As of 2017, properties in the CCR went up by 0.1% at the beginning of Q3 according to URA’s Private Residential Property Index.
That being said…
Is it the right time to invest in properties in the CCR?
Limitation of land supply in Singapore is worrying many property investors…
But at the same time… It’s equally rewarding if you get in early.
If you purchase a property in the CCR today, expect an upward trend in the price of your home.
Low supply of land contributes to the high bids which are likely to increase future prices and capital gains.
The Government is reducing the land supply for private housing (as seen in the CNA report).
There will be even further limitations on Freehold properties in the future.
The chance of investing profitably in properties will become more difficult as land space becomes less in Singapore.
According to URA, 729 units of residential properties in the CCR were sold in Q1 2017, 1,171 in Q2 and 1,470 in Q3.
These sales indicate an increase from the 619 units sold in Q4 2016.
Furthermore the sale of homes above $5 million have been on the rise ever since 2014, as reported by List Sotheby’s International Realty.
The rise in sales is because the units are becoming highly sought after not just by Singaporeans, but also Chinese nationals, Malaysians and Indonesians.
Recent news are showing international celebrities like Donnie Yen (star of Ip Man movies) looking for luxury properties in Singapore.
This is due to reasons such as better standard of living, better education facilities and lower property taxes.
Other notable figures include billionaire James Dyson (Founder of Dyson) snapping up a penthouse in Wallich Residence at Tanjong Pagar, Eduardo Saverin (Co-founder of Facebook) and Jackie Chan, both investing in The Orchard Residences built on top of ION Orchard Shopping mall.
But why? It’s simple… They are attracted to the:
1 – Superb location and lifestyle that a CCR luxury condo will provide
2 – Better education facilities and accessibility in the central part of Singapore
3 – Lower property taxes as compared to other countries in the region
While properties in all the regions experience vacancy, the number of vacant units in the CCR contributed the least of the total 6.8% private residential vacancy rate.
Last year alone, more than 26,000 new private non-landed properties where added to the market.
According to URA, the rental income from properties in the CCR declined by 3.8%. But income from properties in OCR and RCR declined by 5.6% – which is much higher.
The properties are not threatened by the addition of several new units in the market, because their demand remains high due to their excellent location.
Expect rising number of expats renting properties in the CCR due to the location itself. This will only increase the rental demands and value of CCR properties.
Get a comprehensive report of the top 5 CCR properties that investors are looking are looking at… and why they are the best possible investment for the savvy investor.
This Report Includes:
My name is Kenny Lee. In my close to 10 years of real estate advisory experience, I have transacted more than $50 million worth of properties comprising of sales, rental, leasing and business assignment in residential, commercial and industrial sectors.
My specialty is in Singapore’s luxury real estate sector, providing both local and overseas clients with timely market updates and looks after their assets namely in the Core Central Region especially in areas such as Marina Bay, Tanjong Pagar, Orchard, River Valley and Sentosa.
I’m also an active team leader and a frequently invited speaker, coaching other realtors in areas such as negotiation skills, asset progression and management. I strive to provide white-glove and high quality customer service and is frequently recommended by many of my clients to their social circle.
Being fluent in both English and Mandarin, I also work closely with clients from greater China and Hong Kong as well and also provide relevant real estate advisory to institutional clients such as private banks, family offices and fund managers using market data and in-depth analysis.
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