The silver property market


So what is the next big thing in the property market? Well...the silver property market and we are not talking about commodities!

Apart from riding the usual wave of boom and bust property cycles and flipping Marina bay and Sentosa apartments, you might want to find out more about this interesting segment: "property for aging people".

With at least 1.2 billion aging people in Asia (at least according to the brochure we found), it seems like some big time local private developers such as Frasers Centrepoint Homes and Tong Eng Group are taking the lead and already moving into the arena, and its not hard to understand why.

Singapore itself has a graying population with locals not responding to all kinds of monetary aphrodisiacs the government is dangling at us. In fact, we have been noticing lots of studios meant for the elderly being included in HDB flats recently...which means even the government is anticipating this in a big way (see: Studios in recent BTO launches, paired units in Dawson).



Artist's illustration of a HDB paired unit found in a recent BTO project SkyTerrace@Dawson, top unit for elderly, bottom unit for family.

And knowing our readers so well, we think by now a dozen of you must be drawing up plans to buy a bunch of aged friendly apartments to run a classy "gentleman's club" retirement home for the rich. The yields might be awesome, or at least better than the measly 3-4% rental yield we are receiving now.

Anyway, we MIGHT be heading for this event with a number of local and International bigshots speaking there and telling us about the potential of the market:

  • Dr Steven Choo, CEO, REDAS

  • Mr Cheang Kok Kheong, COO, Frasers Centre Point Homes, Singapore

  • Mr Daniel Teo, Chairman & MD, Hong How Group & Director, Tong Eng Group Singapore

  • Mr Edward Wong, Managing Director, AWP Pte Ltd, Architects, Singapore

  • Dato' Bill Ch'ng, President & CEO, Malaysia Pacific Corporation Berhad, Malaysia (speaking about S$2b resort township in Iskandar Malaysia)

Er...ok so this little event we discovered is actually for CEOs and senior level decision makers...which makes us all the more want to slip in and rub shoulders with them!

via Ageing Asia Investment Forum 2010 (brochure link here)

Image: HDB

As posted in h88.com.sg by Francis

Comments

Post a Comment

Popular posts from this blog

Singapore property developers cautious about market outlook

SINGAPORE : Property developers seem pessimistic about the outlook for Singapore's real estate market in 2012, with some analysts foreseeing a five to ten percent drop in property prices this year. But market watchers also say the strong interest in recent property launches could defy these forecasts and even lead to more cooling measures. Celebrations continue but property developers are still in the dark about the outlook for Singapore's property market in 2012. Mr Wong Heang Fine, President, Real Estate Developer's Association of Singapore, said: "We are cautious. On the market going forward, it all depends on how the global economy goes in the next eleven months. So it's really anybody's guess." URA data shows the rate of price increase for private residential properties moderating for the ninth consecutive quarter with rentals also tapering off.  More details at  http://www.channelnewsasia.com Source : MediaCorp Pte Ltd by Yvon
Read more

Condos Future Launches

Project Name Street District Till Units Marina Bay Suites Central Boulevard 01 99 221 Unnamed Spottiswoode Park Road 02 FH 348 Sentosa Quayside Ocean Way 04 99 228 Unnamed West Coast Crescent 05 99 295 RV Residences River Valley Close 09 999 220 Paterson Suites Paterson Road 09 FH 102 The Vermont on Cairnhill Cairnhill Road 09 FH 123 Urban Suites Hullet Road 09 FH 165 Urban Resort Condominium Cairnhill Road 09 FH 64 Vivace Tong Watt Road 09 999 85 Waterscape @ Cavenagh Cavenagh Road 09 FH 200 Espada St Thomas Walk 09 FH 232 Nathan Suites Nathan Road 09 FH 65 Helios Residences Cairnhill Road 09 FH 140 Parvis Holland Road 10 FH 248 Trilight Newton Road
Read more

HDB upgraders set pace in private property market

SINGAPORE: The private residential market saw a rebound in September. Figures released by the Urban Redevelopment Authority (URA) on Monday showed 2,064 units, including executive condominiums (ECs), were transacted. This is the highest number of monthly transactions this year and a significant 26 per cent increase from August's 1,638 units. Treasure Trove, a development in Punggol, accounted for about 40 per cent of the transactions with more than 680 units sold. PropNex Realty said the homebuyers are mainly HDB upgraders, attracted to the pricing and the proximity of the development to the Punggol MRT. It said the revision of income ceiling had prompted many to purchase ECs.   More details at  http://www.channelnewsasia.com Source : MediaCorp Pte Ltd
Read more