The property market in Singapore is on a boom and we wonder if it will go even higher for the next 1-2 years.
Record breaking prices, rentals, en blocs, complaints to forum...and the list goes on. Almost every week, we read in the newspaper news about the property market.
My area is not spared either. Just opposite our estate is the much talked about HDB
project-Pinnacles@Duxton. If I remembered correctly, there are 7 blocks altogether, with a sky garden linking the buildings. Everytime I passed by, will see the progress of the project. Nowadays, the flats are just like lego, attached onto one another very quickly. I can't imagine what it will be like when complete-I am referring to the number of people who will flood our neighbourhood and the additional traffic it will create. (KR, you are one of them! haha)

Next to our estate is a new condo-The Beacon. Heard from my mum it is sold out. Did not go and see the showroom but I reckon it is not cheap as our place's location is central, near to CBD,IR,MRT,loads of buses :).

The boom is indeed good news for property developer,sellers,agents but BAD for us if we want to purchase a property. Esp ME ME ME. Well, we have been looking around for a place to buy. (New HDB flats are out for us, so piss off!) As we (I) are such procrastinators, by the time we got down to seriously looking for one, it is darn peak. We have been to some showrooms but the prices are SKY HIGH. Partly because we are damn choosy about the area,it's either near my place or his or in between, nothing else matters. No Bedok,Pasir Ris,Jurong,Yishun,NO NO NO.
Good thing is we have a very good agent, recommended by Seng. The agent and her partner have been helping us to source around. We have been to see some places but no deals so far.
I was quite resigned to our Plan B and we even got down to planning how to renovate his room and even went to Ikea tampines on Deepavali to look see. Who knows, the agent arranged for us to view some units last Sat. (This place, we actually went to view before with another agent, but I did not like the layout of the room). The first 3 units we saw on Sat were the same layout which I do not like, so strike out immediately.The 4th one we saw, is the kind of layout I like! Plus the square area is big, plus factor, unlike the new apartments we see now,where the area is pretty small. This place is just one street from where he is staying now, quiet surroundings,no unblocked views from the living room, near the PL MRT and just outside the circle line which will be up soon....rental yields is good so we can also treat it as a investment too. Only minus point for me is the address though :P
On Wed, the owner offered us a price which we thought was very reasonable for the situation now. Kiat went down for 2nd vewing and pay deposit. He asked me to pia down after my preview also. So tired, our freaking previews that day ended around 9pm,luckily OCL's bf gave me a lift. So, we saw the place again and put down the deposit and now, we are house owners, I think.
A glimpse of the place for you.
I was telling my friends that the feeling of excitment or happiness have not really sink into me. Maybe because, I did not really expect to get one so fast as I was quite going into Plan B mode already. Well, life is really unexpected yah. In fact, my friends are more excited than me haha.
Will be posting more entries on the house soon :)