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2021 has been rough on first time home buyers, as well as new investors. With property prices rising across the board, you’d be hard-pressed to find discounts, or even just a bigger condo. But property is always about specifics, and there are some districts where the price increases may not be as high as you’d expect. Here are 10 districts.
For a brief moment in May and June, resale condo volumes started to fall from record highs. It was a glimmer of hope for homebuyers who were truly looking for an own stay option. That hope was dashed when the results for July were out, and prices and volumes started to climb again. How much longer can this go on?.
June 02, 2021
Stackedhomes
Tampines and Tanjong Katong rank high on the list of desirable residential areas; so we’re not surprised these two recent Government Land Sales (GLS) sites are drawing investors.
This is on the back of two other GLS sites the week prior, which also saw aggressive bids. For those considering a property purchase in the next few years, all four sites are worth keeping an eye out for:
First, a cautionary note about land-starved property developers
In speaking to analysts, we were cautioned that the strong response to these sites are as much about depleted land banks as they are location. That’s not to say the GLS sites are bad, mind you; it’s just worth noting that other factors are driving the bids.
Midwood Condo insider tour
The Hillview estate of 2021 is a far cry from its original beginnings. Up till the 1980s, it was an industrial zone for many MNCs, including the likes of Cycle & Carriage, Castrol Oil, and the Old Ford Factory, which is the only remaining structure of Hillview’s seemingly distant past.
Midwood marks yet another new entrant into an area populated by large yesteryear condos such as Hillview Green, The Dairy Farm, and Glendale Park. Its location is just beside the newest condos in the area, The Hillier and Kingsford Hillview Peak, which TOP-ed in 2016 and 2017 respectively.
Midwood sits on the fringe of land that has yet to be developed and its address at Hillview Rise will require the existing roads to be extended to accommodate the condo.