Singapore Property –
While condo sales have been in a lacklustre marketplace for nearly past 5 years, there’s definitely some great news amid the rise in new development as prices are beginning to rise again after bottoming out since second half of 2017. If you are wondering whether you are in the right market timing to buy a Singapore condo, then you might be in luck with the rising positive market sentiments. Singapore condo investors are looking to jump back in the bandwagon, while it picks up the momentum. The burning question on potential buyer’s mind is with the rise in condo prices; Is it the right time to buy now?
Will condo buyers actually strike it rich after investing? New developments popping up in Singapore like Park Colonial, located at 309 Upper Serangoon Road and across from the Woodleigh MRT is developing a new condo for those looking to buy during the uptick of the property market. This is a trend that we can look forward to seeing up until 2020, and with such beliefs, the market will definitely remain stable and rise higher than it is today.
The market is finally rising after 15 consecutive quarters
With the saying everything that goes down must come back up again! And this is true with the market right now for Singapore condo prices. Indicative Prices of Park Colonial set by the developers are at a reasonable price point in the rising market despite some of the leading prices based on luxury condos in the Singapore arena. With good buying judgment and proper guidance, buyers are looking to buy these local new developments with optimism for their long-term investments. After the slump, investor and buyers will certainly benefit from the rise after a near 15 quarters low of property market decline.
One of the motives for this is likely due to the fact that the property decline has been induced through artificial measures, rather than the actual experience of the market crisis.
The measures, otherwise cooling measure of the market were introduced by the Singapore government. Forestalled condo prices from rising due to the speculation of the government. Lastly it was thought that this experience in decline would be a soft landing for the strong comeback of the private property market.
Singapore 2030 condo costs to be doubled?
With the predictions of the current Singapore condo market, the rise of 8% in property price shows that the market is rising higher and stabilizing again for Singapore. With this impending rise, many savvy investors and local developers are sure that it will continue until it doubles in 2030, making it the highest real estate market that Singapore has ever seen. Although uncertain, Singapore is still a place where condo development is highly desirable, especially for all that the condo really offer potential buyers.
Ready buyers who are buying now can look forward to a great future on their investments, especially if predictions are right about two years from now. With the new people moving into Singapore especially those bringing money with them, although there will be a predicted double of condo price the desirability will still stick with potential buyer as it will become more about the area in which they choose to live….as people say location beats all.
Therefore, latest property development at Woodleigh such as Park Colonial by Chip Eng Seng and Unique Real Estate along upper Serangoon road will be highly favoured by the masses, as it is right beside Stamford American International School as well as the Woodleigh Mrt Station operating on the north-east line through to the city centre for all resident’s convenience. We highly recommend to you guys in checking it out before the price increase to a level where it diminishes our nett profit from the investment point of view.