Morgan Stanley predicted that property prices in Singapore to be doubled by year 2030 which when calculated from today, it will be about six percent increase per annum. This is predicted based on the increase in the volume of transaction which will put upward pressure on prices of properties which include new launch condo, new condominium, strata landed or landed property or any upcoming new condo launch by developers.
There are some interesting signs of renew interest in property purchase notably with excellent sales registered during the respective launches such as Park Place Residences and Grandeur Park Residences.
On the supply side, property analyst envisaged that there will be a forty percent decline going forward in to 2018 as developers are hungry for land for future project development. This may lead to some interesting activities in the en bloc segment of the property market with some developers already been actively on a lookout of good potential en bloc purchase. With any en bloc sales success, there will be demand generated for resale or even new launch condo. A spiralling effect as a result?
The Arden by Qingjin, The Arden location in D23, The Arden price – to sell
CDL to develop Piccadilly Grand, Piccadilly Grand location in cityfringe
Sceneca Residence in Tanah Merah by MCC, Sceneca Residence location mins to MRT
