Penrose Condo at Sims Drive

Penrose Condo at Sims Drive updated their website address.

CHOICES ARE GETTING LESSER.

Last 32 units of 3+sturdy (with utility room and home shelter) and 4 bedrooms.
Welcome to enquire.

https://www.facebook.com/228490203833395/posts/5479947318687631/

The government has implemented the latest round of cooling measures targeted at the private residential and HDB resale markets, with effect from 16 December 2021.

The package of measures – comprising higher Additional Buyer’s Stamp Duty (ABSD) rates, tighter Total Debt Servicing Ratio (TDSR) threshold, and tighter LTV limits for HDB loans - affects all categories of buyers.

“We are not surprised that the government has rolled out fresh cooling measures as the market has been lively this year, with very robust sales and firmer prices. Generally, this set of measures will encourage home buyers to be more prudent with their purchases, amid concerns about impending interest rate hikes", said CEO Ismail Gafoor.

“The measures will certainly crimp the growth momentum in the property market in 2022. Given the hefty ABSD for foreigners, we expect the Core Central Region (CCR) to face more downward pressure, compared to the other sub-markets: Rest of Central Region (RCR) and Outside Central Region (OCR)", noted Head of Research & Content, Wong Siew Ying.

To find out how it will affect your property investment plans, speak to any PropNex salesperson today!

Read more: https://www.propnex.com/news-details/4701/latest-curbs-will-temper-growth-momentum-in-the-residential-market-in-2022-the-ccr-to-face-more-downward-pressure

MND Announcement: https://www.mnd.gov.sg/newsroom/press-releases/view/measures-to-cool-the-property-market

Last 10% - 3 and 4 bedrooms units

https://www.penrose-sims.com.sg/

[📊 FREE PROPERTY WORKSHOP BY PROPNEX] Did you miss the boat? Are you still in Time? Can you still find properties at below market value in the current property market? Are there still good bargains out there for my property investment? 🔥

Some of you might even wonder with the widening prices between New Launches & Resale properties, can you still buy a good value property?

Unlock answers to these and more at the upcoming Free property workshop conducted by PropNex. This is the session to attend to clear all your doubts before your next investment.

9 OCT 2021 (SATURDAY), 11AM
Watch in Zoom

PM for invitation link. Register in advance for this webinar.

https://sgchoicehome.com/category/new-projects/

Why BTO and condo are getting more expensive, this article gives you an idea how much cost have gone up.

https://www.straitstimes.com/business/property/things-just-went-south-construction-firms-under-pressure-as-pandemic-bites-deep?utm_campaign=stfb&utm_medium=social&utm_source=facebook

'Things just went south': Construction firms under pressure as pandemic bites deep SINGAPORE - As construction costs soar ever higher, it has become a case of every man for himself, as contractor Choo Zhan Rui has seen all too well.. Read more at straitstimes.com.

Release by URA Figures for JULY 2021 New Homes. Customise your own Infographics!

Overall private new home sales bounced back in July 2021 compared to the previous month, despite Singapore entering the second round of Phase 2 Heightened Alert from 22 July to 18 August.

Developers sold 1,589 new private homes (excluding Executive Condos) in July 2021 – almost twice the 872 units transacted in the previous month where sales volume hit a low due to the absence of new launches. When compared to July 2020 – new home sales last month were 46.7% more than the 1,083 units transacted then.

The sales in July recorded the second highest month of sales in 2021, after January 2021 where 1,633 homes were sold. During the month of January, sales was boosted by two new launches, namely mega project Normanton Park and The Reef at Kings Dock where 622 and 210 units were sold respectively.

Check out our infographic for an overview of the market!
Read full insights here from our Press Release: https://www.propnex.com/news-details/4431/private-home-sales-in-july-2021-bolstered-by-exuberant-suburban-sub-market

Search your home at
https://sgchoicehome.com/category/new-projects/

You can refund your CPF monies used for your house even when you’re not selling it. Here’s how. - 99.co Through the CPF Voluntary Housing Refund, you can refund the amount used for your housing, either in full or partially, at any time.

🛑LATEST: Urban Redevelopment Authority (URA) has today released the new private home sales data for June 2021
Overall private new home sales fell slightly in June 2021 compared to the previous month, as developers held back on new launches amid the tighter safe management measures under the Phase 2 Heightened Alert from 16 May to 13 June 2021.

Developers sold 872 new private homes (excluding Executive Condos) in June 2021 – down by 2.6% from the 895 units transacted in the previous month.

When compared to June 2020 – which marked the start of the reopening of the economy after the 2-month Circuit Breaker from 7 April 2020 to 1 June 2020 – new home sales last month were 12.6% lower than the 998 units transacted then.

✨Check out our infographic for an overview of the market!

https://www.propertyguru.com.sg/property-management-news/2021/7/199562/new-circular-allows-developers-to-extend-delivery-date-of-possession

New circular allows developers to extend delivery date of possession Under a circular issued by the COH, developers who are unable to meet their delivery date of possession can serve property buyers a notice for an extension of up to 122 days, effective from 1 July onwards, subject to certain qualifying conditions.