If you have not taken action in the last four months, you could have already missed some good opportunities. From March to today, there were 8,284 private non-landed transactions and 8,404 HDB transactions.
Just by looking at the volume since march, many have already accepted that fact of cooling measures is going to stay for awhile longer and strategized their portfolio accordingly.
This is one criteria and most commonly asked question among the home buyers – “is the facing of this unit affected by the heat from the afternoon sun?” Here is a crash course on how to determine if your dream home really has no west sun.
Due to the Earth’s tilt (a.k.a. Obliquity or axial tilt) of 23.5 degree (see diagram below), the sun does not set at the same position all year round. This is the reason why we say that the sun is up for half a year and disappear for the next half at the north and south poles of Earth. Furthermore, this obliquity is a very important reason that makes Earth the Earth you always know. Without it, there will be no four seasons on Earth. Before I go in deeper into the technical details, we just have to remember this magic angle of 23.5 degree.
Sunset Position/ View
I have met many home buyers who are delighted to tell me that they have just bought a perfectly north south-facing home with unblocked view that has no west sun as well. That is not entirely true as his family only get to enjoy half a year without the heat of west sun.
Referring to the diagrams below, due to the axial tilt, the sunset position moves between 246.5 to 293.5 degree throughout the year where it reaches the both extreme ends in mid June and mid December. The truth is – the sun only sets exactly at 270 degree West on 2 days of a year.
If you want to avoid the west sun heat totally, you will have to identify building features that can possibly block and cast a shadow on your unit during sunset. You can identify this by first checking if your block has exterior features that can block out the west sun such as staircase stack or shades design. Subsequently, you can look at your block / estate layout relative to the other adjacent buildings referencing to the west position to identify possible buildings that will cast a shadow at your property.
Otherwise, even the so-called best facing property has to endure the heat from the afternoon sun half of the time.
Finally, when your are viewing for your dream home, do remember to check your compass for the entire west sun range from 246.5 to 293.5 degree, or 23.5 to the left and right of the exact west direction.
Whether you are going for high capital appreciation or rental yield, a salient factor will always be location. Straits Times has recently launched an interactive graphic map to show all properties (fully sold and unsold) that are completing in 2016 and 2017. Using this tool will enable you to find out where are the so-called key locations for a good investment property. Here are some simple steps to go about doing so.
Step 1 : Understand the Table Legend
There are 2 shapes on the map, a black square and blue circles of different sizes.
A black square indicates a project that is already fully sold.
A blue circle indicates a project that has unsold units available, the bigger the circle, the more units available.
Step 2: Zoom into those Fully Sold Projects
Generally, fully sold projects are snatched up quickly either have a good price or a good location. Without starting from scratch to research and find where are the good locations, an easy yet pretty accurate approach is to follow where are investors buying now.
Step 3: Evaluate Remaining Unsold Properties Around the Fully Sold
Do some research and evaluate the remaining projects to see if there are negative reasons not to buy them even when they are in a good location. Here are two examples of unsold properties around the fully sold ones.
Step 4: Don’t Neglect Good Locations With No Fully Sold Projects
There are certainly good locations with zero fully sold project (yet), that does not mean that their potential is less than those locations with fully sold projects. Here are some areas where projects are almost getting the title of ‘fully sold’, it is still not too late to look into them.
Step 5: Shortlist a Few Properties and Start Hunting
Now you should have found some good unsold properties in good locations. Happy hunting for your next home upgrade or investment property!
Together with your funds in Central Provident Fund (CPF), you will be able to upgrade and reorganize your real estate portfolio for your next 5 year plan. You must be thinking now why can’t I wait a while longer? Here are 2 reasons:
Being the ‘just MOP’ flat owner, you have the command of price as your estate is having limited supply at this moment. As the typical duration for HDB to publish a caveat is about 3 months after submission of any transaction, any time within this period, not many people will have the information on the actual sale price. After the first transaction price is published in HDB website, more of your neighbors would come to a realization that the estimated sale price is actually an understatement and decided join the selling spree, however it is a little too late; the supply is no longer scarce.
No one really knows when will the property market recover and march to a new high again. Rather than speculating, let’s just take it that several ministers have repeatedly mentioned that it is still too early to lift the cooling measures. When there is a target set for the property market index, it has to be achieved, one way or another.
So, what are you still waiting for?
Quickly give a call to your trusted agents for a comprehensive reorganization plan. Otherwise, you may contact me at 8781-5516 or schedule a free consultation with me.
Last but not least, if you still decide to wait out, you may sign up this free property tracker by SRX on my account. It will provide you the latest updates if your neighbors have sold his/her flat.