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Use govt plans to grab good buy condos; Real Estate
Topic Started: 25 Nov 2014, 11:39 AM (59 Views)
Suzanne Ng
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In his National Day Rally Speech last Sunday, Prime Minister Lee Hsien Loong spoke of exciting developments in the Jurong Lake District, including the expansion of the gardens and a possible terminal for a high-speed train.

Jurong East town centre has been one of the bright spots during the cooling measures.

The SRX Transaction over X-Value (TOX measures how much buyers are paying above or below recent transacted prices) for Jurong East has been consistently positive this year, which means people are buying property above the computer-generated market value.

In most other areas, the TOX has been in negative territory.

Why is Jurong Lake District property outperforming the market?

The answer is that residents and investors recognise the potential of this area and are bidding up the price of property, in spite of the cooling measures.

A price increase is how the real estate market says "good job" to the Government, urban planners, commercial developers, and everyone else who is upgrading Jurong and other areas.

One of the advantages of being a Singapore property investor is that the Government is transparent in its plans for the country.

As a result, there are a number of resources that help investors recognise areas that might present buying opportunities.

For example, smart investors and property buyers study the Urban Redevelopment Authority (URA) Master Plan with great interest.

If you go to the latest plan, you will learn about efforts to develop Bidadari, Tampines North and Tengah.

You will learn about trends and projects involving green and sustainable living.

There is information that will give you clues on areas that are worth investigating for possible investment opportunities.

A good source of information is the Government's White Paper on Population, and key ministerial speeches.

By knowing how the population will grow, in terms of rate and demographic mix, you can quantify future demand for property.

Without question, part of being a successful property investor or shrewd home buyer is to regularly identify and monitor plans for housing, transportation, recreational districts, shopping smalls and business centres.

I have coined a property investment rule for this called the Urban Planning Rule.

This rule states that by reviewing public documents (e.g. URA Master Plan), investors and their advisers can identify areas that are up-and-coming and worthy of consideration for investment.

Not a secret

A word of caution, though. The Urban Planning Rule is no secret to knowledgeable investors.

This means that by the time you read a glowing report about a new area in the general media, the professionals have already scoured through the relevant data and documents and probably made their move.

As such, if you do not do your research and get into the game early, you may find yourself priced out of the market.

Sam Baker is CEO and co-founder of Singapore Real Estate Exchange (SRX), a digital information platform that provides the Singapore property market with pricing information, comprehensive listings, and mobile applications to buy, sell

http://propertylaunch-invest.com/2013-09-25-10-29-25/district-27/property/northpark-residences.html
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