Residential Property Launches
Recent rounds of Government’s cooling measures and the current “uncertain” economy do not seem to have much effect on the property market in Singapore, which is ranked among the very best in the world. Units at recent new launches are being snapped up by buyers, setting new records of new homes sale (including private new homes as well as Executive Condominium new launches) in Singapore.
Below are some reasons why we think property prices will continue to go up and why you should put your money in Singapore property
- The fundamentals of Singapore have improved tremendously in recent years and will continue to improve in the years to come (public transport network, integrated resort, waterfront city and other attractions)
- With new rulings and measurements, property buyers today have very strong holding power. Hence, the property market will be upheld even in bad times.
- For price to drop, cost has to drop. Unlike in the past when developers enjoyed high profit margins, developers do not have much margin to lower their prices significantly today.