Clementi Ave 1 Condo

One of the main reasons why there are so many empty industrial and warehouse units available is because companies have been making less as there had been reduced demands for their goods in Clementi Ave 1 Condo. The industrial sector has been hit by falling demand for its products for five consecutive months now. With industrial companies not making so many things or items they have no need for extra storage to store goods in industrial and warehouse units until their sales performance begin to improve yet again in UOL Clementi Ave 1 Condo.

Therefore with such Singland Homes Clementi Ave 1 Condo factors being considered going into the next 12 months tenants will continue to have the pick of the market to chose from. Bearing that in mind landlords are going to have to lower prices as tenants will often have the option to switch to other sites where the prices are already lower.

Singapore Land Singland Homes

Indeed a recent survey confirms that Singapore Land Singland Homes tenants are going to have the upper hand over the short-term at the very least. It surveyed three planning areas and then discovered that leasing transactions have been generally declining over the space of the last three quarters. Take Sembawang as an example, there the median rents decreased from $1.31 psf/mo at the start of the first quarter down to $1.24 in the present quarter.

The majority of West Coast Plaza UOL Condo owners of such industrial units have lost money on their investments, and many are seeking to cut their loses as soon as they can. When they decided to invest in these units the developers promised them a return of $4.00 yet at the moment the average income has declined to 2.4% and looks set to fall further. So it is no wonder that the owners are seeking to sell in a real hurry. In order to do just that they are resorting to selling their units via auctions.

UOL Clementi Condo Rental Value

The owners who have not had any rental income at all have been the ones most likely to resort to selling their industrial units by auction. This year 115 of these units have been sold at auction. That figure represents a massive 83.3% increase from last year.

Some of those Singapore Land Singland Homes units have had to be sold due to the owners having debt problems. Of the total sales 33 were for non owners seeking to recover debts, which is 15 more than last years total of 18.

However not all the owners that have sold the units at auction have made a loss. A fair number of them have still made a profit, especially those who brought the units before prices started to soar at the end of 2011.

Clementi Avenue One Condo

A recent study of these industrial unit UOL Clementi Ave 1 Condo auctions found that only a small minority of the owners had failed to make any money from the buying and selling of their units. Those that had lost money had invested in their units when the prices were at their peak.

Tenants but not owners / landlords are helped by the amount of GFA becoming available. This quarter it is an extra 1.1 million sq ft, and next year a bumper 7.6 million sq ft of new GFA will be available. That will give Clementi Avenue One Condo tenants even more choice of what and where to rent. It also means that owners will have to offer discounted rates to tempt tenants towards lease their properties instead of someone else.

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Qingjian CCK Inz Residence EC

This year is different. Developers are stepping into the role of leaders: Chinachem Group, Henderson Land and Far East Consortium International Ltd. are among many who are offering financing of up to 90% through associated companies. They are refusing to drop prices which would send the red flag signal of an economic downturn for Qingjian Realty EC.

Developers for Inz Residence EC are very keen to sell, but don’t want to cut prices, so they have progressively increased the buyer incentives said Yu Kam-Hung, senior managing director for investment properties at CRBE Group Inc. in Hong Kong.

Developer Incentives Qingjian EC

“They feel there is uncertainty over the economy and government policies to increase supply and want to move properties before the overall market turns down.”

In the instance of Kowloon Development, the rebates on the Upper East development decreased the price the purchaser paid for the two flats from more than HK$8 million to HK$6.9 million (S$1.3 million).

In the upscale Cadogan across Victoria Harbor in the Kennedy Town neighborhood on Hong Kong Island, similar enticements are being offered by Kowloon Development for Choa Chu Kang Ave 5 EC.

Qingjian Realty Choa Chu Kang EC

In October, a 732 sq. ft. apartment on the 31st floor listed at HK$21 million only cost the buyer HK$18.5 million, with 1st and 2nd mortgages covering up to 90%.

Buyers such as Inz Residences EC with luxury purchasing capabilities are unlikely to need this type of developer assistance. The benefit is greater, for example, for first-time Choa Chu Kang EC home buyers constrained by loan-to-value ratios of 60% on bank lending imposed by the Hong Kong Monetary Authority, says Keith Chang, managing director of residential services at Savills Plc. The previous ceiling was 70% on properties selling for less than HK$7 million. It was lowered in March to lessen property prices in Choa Chu Kang Ave 5 EC.

Choa Chu Kang Ave 5

Analysis led by Paul Louie at Barclys Plc., which used recent sales data, said in December that 18% of primary homebuyers on average avoided developer financing packages, stating that the “take-up of these plans is not as common as one would think.”

An exception, which should be excluded from the average, was Henderson Land’s Eltanin Square Mile development. About 42%, or about 118 out of 279 units from the development sold, were financed with developer mortgages, according to Barclays.

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