02/10/2021
*PRIVATE HOME PRICES RISES FOR 6TH QUARTER IN A ROW*
Private residential prices have risen around 20.8% since Circuit Breaker with the median price in the RCR also seeing an increase largely due to the sales recorded at *Avenue South Residences & Normanton Park*.
This would point towards more and more buyers are paying attention to the unique-ness on both projects as a super high rise right at the door step of the CBD in the form of *Avenue South Residence* is truly a remarkable option while *Normanton Park* is still offering units that’s just 10% above the median price recorded on the OCR at $1627PSF, and that is for a project that’s sandwiched between 2 long term key drivers in the form of Greater Southern Waterfront and Greater One North, topped with Kent Ridge Park as your back yard and Mapletree Business City as an offering for your secondary tenant pool, surely a formula for a Great product.
*HDB REASLE PRICES HIT RECORD HIGH AFTER RISING 8.9%*
With more delays expected with news of more construction companies winding up, more buyers diving into the resale market to negate the need for a long waiting time as more uncertainties grow amid the completion dates of BTOs.
*PUTTING TWO AND TWO TOGETHER*
The effect of delays wouldn’t be entirely exclusive to the public housing market, as the need to move and upgrade is omnipresent. The same phenomenon will start to surface in the private sector and its only natural to start hunting for something that can provide the shortest waiting time while fulfilling the main requirements in terms of location, quality, pricing and ultimately value.
With *Avenue South Residence* nearing its estimated TOP in the next 12 months, it is quickly drawing attention from the market with it unique disposition of location, design, quality, and it massive of latent potential waiting to be unlocked. At $2202PSF for a level 40, 3 bedroom unit is seemingly impossible with how the GLS & Enbloc scene is constantly making headlines.��Same goes for *Normanton Park*, with a generous floor plate in its units and entry price point backed with multiple key drivers supporting its current *lower than market PSF*. It is simply a “no brainer”, especially when next year, down the hill, the project that will be launch from the enbloc of Flynn Park will almost certainly be launching at $2400PSF. The potential paper gain is definitely no rocket science.
Let’s act before the market reacts!
Call Our Hotline @ 61007355 or http://wa.me/6587295482 for a free consultation!
Source: https://www.businesstimes.com.sg/real-estate/private-home-prices-on-a-roll-with-q3-figure-up-for-6th-quarter-in-a-row
Source: https://www.straitstimes.com/singapore/housing/hdb-resale-prices-rise-27-in-q3-flash-data
