WHERE THE RESALE PRIVATE PROPERTY DEMAND TODAY? MORE TRANSACTION MEAN GOOD BUY?

This video analyzes the demand for resale non-landed private properties (condos, apartments, ECs) in Singapore, focusing on transaction data from June to September. The speaker, Aaron Lin, aims to provide insights into what's currently happening in the resale market (0:30-0:45).

Key Findings and Analysis:

• Data Source: The analysis is based on resale transaction charts for non-landed residential properties (2:45-2:56). The full list of condo names is available in his Telegram group (3:02-3:08).

• Property Characteristics:

  • Age: Most of the top-transacting resale properties are from around 2014-2016 (6:29-6:31, 10:47-10:50).

  • Tenure: The majority are 99-year leasehold properties (3:18-3:19, 5:26-5:29, 6:18-6:21).

  • Price Per Square Foot (PSF): The average PSF for these properties typically floats around $1,800 - $1,900 (6:50-7:04, 10:50-10:55). Some months, like July, saw a slightly higher average around $2,000-$2,100 PSF for the top few properties (5:32-5:42).

• Location Trends: Locations that frequently appeared in the top transaction lists include Tampines, Clementi, Ang Mo Kio, Queenstown, Bishan, Sengkang, Punggol, and Jurong (8:25-10:26).

• Advertisement vs. Transactions: The speaker highlights a crucial distinction:

  • Some properties frequently appear in the top transaction charts but also have a high number of advertisements (supply for sale), suggesting that while people are buying, there's also a significant number of people trying to sell, potentially indicating slower selling speeds for individual units (11:34-12:59).

  • The "sweet spot" properties are those that have a low number of advertisements but still show high transaction volumes. These are often Executive Condominiums (ECs) that have just reached their 5-year Minimum Occupation Period (MOP) and are typically priced around $1,300 - $1,500 PSF (13:03-15:51, 23:07-23:24). Examples mentioned include Hundred Residences (2016) and Park Life (2014) (17:23-18:15).

• Sweet Spot for Buyers: The speaker concludes that the "sweet spot" for buyers in the resale market is properties that are around 2014-2018 in age, predominantly 99-year leaseholds, with an average PSF of about $1,500 - $1,800, especially those with lower supply (19:28-20:26, 23:56-23:59). A 1,000 sq ft 3-bedroom unit in this range would cost about $1.5 million, which he considers affordable for most condo seekers (23:37-23:56).

Speaker's Conclusion and Advice: The speaker emphasizes that high transaction volume alone doesn't necessarily mean a property is "good" if it also has a large supply of units for sale (22:30-22:57). Instead, properties with low supply but consistent transactions indicate strong demand and faster selling speeds (22:00-22:12). He advises viewers to draw their own conclusions from the data provided (21:31-21:35).