Why are condo prices soaring?

Are agents fuelling buyer FOMO?

Are HDB upgraders really buying condos?

If everyone's buying, who's renting?

The myth of ever-rising prices

Compromises to pay the mortgage

Good debt and knowing your limit

Parents using retirement funds for kids

Why isn't govt stepping in more?

How healthcare mirrors property

Never mind that it’s way out west - Tengah’s first private condominium development sold out almost all its units over its launch weekend at the end of April.

At an average price of $2,120 per sq ft and a location that’s under the Outside Central Region (OCR) classification, the affordable suburban condominium is starting to feel more expensive.

But despite all our complaints about high property prices and the uncertain global outlook, these sales show that Singaporeans are still willing to fork out serious money for new, unsubsidised private residential properties.

Is this the new normal buyers have to get used to?

In this episode of The Usual Place, Natasha speaks with veteran property analyst and chief research officer at MOGUL.sg Nicholas Mak, and CEO and Chief Investment Officer at financial advisory firm MoneyOwl Chuin Ting Weber.

We chat about who are the buyers driving the sales of these properties, and what’s driving these record new launch condo prices?

Highlights (click/tap above):

1:20 What's driving up condo prices?

4:55 FOMO in buyers driven by agents

7:25 HDB upgraders not main condo buyers

9:56 Who's renting if everyone's buying?

15:28 The myth of constantly rising prices

19:28 Making compromises to make mortgage

31:40 Good debt and what you can afford

37:22 Parents digging into retirement funds for kids

48:00 Why isn't the government stepping in more?

51:36 The similarities between healthcare and property

Host: Natasha Ann Zachariah (natashaz@sph.com.sg)

Read Natasha’s articles: https://str.sg/iSXm

Follow The Usual Place podcast on IG: https://str.sg/8KNT

Follow Natasha on LinkedIn: https://str.sg/v6DN

Filmed by: Studio+65

Edited by: Eden Soh, Fa’izah Sani & Natasha Liew

Executive producer: Danson Cheong

Producers: Natasha Ann Zachariah and Elizabeth Law

Follow The Usual Place Podcast and get notified for new episode drops every Thursday:

Channel: https://str.sg/5nfm

Apple Podcasts: https://str.sg/9ijX

Spotify: https://str.sg/cd2P

YouTube: https://str.sg/theusualplacepodcast

Feedback to: podcast@sph.com.sg

---

Follow more ST podcast channels:

All-in-one ST Podcasts channel: https://str.sg/wvz7

Get more updates: http://str.sg/stpodcasts

---

Get The Straits Times app, which has a dedicated podcast player section:

The App Store: https://str.sg/icyB

Google Play: https://str.sg/icyX

--

#tup #tuptrf

Never mind that it&rsquo;s way out west - Tengah&rsquo;s first private condominium development sold out almost all its units over its launch weekend at the end of April.
At an average price of $2,120 per sq ft and a location that&rsquo;s under the Outside Central Region (OCR) classification, the affordable suburban condominium is starting to feel more expensive.
But despite all our complaints about high property prices and the uncertain global outlook, these sales show that Singaporeans are still willing to fork out serious money for new, unsubsidised private residential properties.
Is this the new normal buyers have to get used to?
In this episode of The Usual Place, Natasha speaks with veteran property analyst and chief research officer at MOGUL.sg Nicholas Mak, and CEO and Chief Investment Officer at financial advisory firm MoneyOwl Chuin Ting Weber.
We chat about who are the buyers driving the sales of these properties, and what&rsquo;s driving these record new launch condo prices?
Highlights (click/tap above):
1:20 What's driving up condo prices?
4:55 FOMO in buyers driven by agents
7:25 HDB upgraders not main condo buyers
9:56 Who's renting if everyone's buying?
15:28 The myth of constantly rising prices
19:28 Making compromises to make mortgage
31:40 Good debt and what you can afford
37:22 Parents digging into retirement funds for kids
48:00 Why isn't the government stepping in more?
51:36 The similarities between healthcare and property
Host: Natasha Ann Zachariah (<a href="mailto:natashaz@sph.com.sg">natashaz@sph.com.sg</a>)
Read Natasha&rsquo;s articles:<a href="https://str.sg/iSXm"> https://str.sg/iSXm</a>
Follow The Usual Place podcast on IG: <a href="https://str.sg/8KNT">https://str.sg/8KNT</a>
Follow Natasha on LinkedIn: <a href="https://str.sg/v6DN">https://str.sg/v6DN</a>
Filmed by: Studio+65
Edited by: Eden Soh, Fa&rsquo;izah Sani &amp; Natasha Liew
Executive producer: Danson Cheong
Producers: Natasha Ann Zachariah and Elizabeth Law
Follow The Usual Place Podcast and get notified for new episode drops every Thursday:
Channel: <a href="https://str.sg/5nfm?ref=inline-article" aria-label="link" data-testid="custom-link"></a><a href="https://str.sg/5nfm?ref=inline-article" aria-label="link" data-testid="custom-link">https://str.sg/5nfm</a>
Apple Podcasts: <a href="https://str.sg/9ijX?ref=inline-article" aria-label="link" data-testid="custom-link"></a><a href="https://str.sg/9ijX?ref=inline-article" aria-label="link" data-testid="custom-link">https://str.sg/9ijX</a>
Spotify: <a href="https://str.sg/cd2P?ref=inline-article" aria-label="link" data-testid="custom-link"></a><a href="https://str.sg/cd2P?ref=inline-article" aria-label="link" data-testid="custom-link">https://str.sg/cd2P</a>
YouTube: <a href="https://str.sg/theusualplacepodcast?ref=inline-article" aria-label="link" data-testid="custom-link"></a><a href="https://str.sg/theusualplacepodcast?ref=inline-article" aria-label="link" data-testid="custom-link">https://str.sg/theusualplacepodcast</a>
Feedback to: <a href="mailto:podcast@sph.com.sg?ref=inline-article" aria-label="link" data-testid="custom-link"></a><a href="mailto:podcast@sph.com.sg?ref=inline-article" aria-label="link" data-testid="custom-link">podcast@sph.com.sg</a>
---
Follow more ST podcast channels:
All-in-one ST Podcasts channel: <a href="https://str.sg/wvz7?ref=inline-article" aria-label="link" data-testid="custom-link"></a><a href="https://str.sg/wvz7?ref=inline-article" aria-label="link" data-testid="custom-link">https://str.sg/wvz7</a>
Get more updates: <a href="http://str.sg/stpodcasts?ref=inline-article" aria-label="link" data-testid="custom-link"></a><a href="http://str.sg/stpodcasts?ref=inline-article" aria-label="link" data-testid="custom-link">http://str.sg/stpodcasts</a>
---
Get The Straits Times app, which has a dedicated podcast player section:
The App Store: <a href="https://str.sg/icyB?ref=inline-article" aria-label="link" data-testid="custom-link"></a><a href="https://str.sg/icyB?ref=inline-article" aria-label="link" data-testid="custom-link">https://str.sg/icyB</a>
Google Play: <a href="https://str.sg/icyX">https://str.sg/icyX</a>
--
#tup #tuptrf

Natasha and her guests unpack the latest current affairs, every Thursday.

Synopsis: Join host and correspondent Natasha Ann Zachariah every Thursday live at noon, as she unpacks the latest current affairs with guests. 

Podcaster: Natasha Ann Zachariah

Executive producers: Danson Cheong

Editorial producer: Elizabeth Law

A podcast by The Straits Times, SPH Media

Synopsis: Join host and correspondent Natasha Ann Zachariah every Thursday live at noon, as she unpacks the latest current affairs with guests.&nbsp;
Podcaster: Natasha Ann Zachariah
Executive producers: Danson Cheong
Editorial producer: Elizabeth Law
A podcast by The Straits Times, SPH Media