In a nutshell, 1) Not many homeowners defaulting on mortgages because of past cooling measures 2) Singapore remains a safe haven to international investors 3) Rental demand remains strong - rental price index increased in 1st quarter of 2020 4) Decline of supply expected after 2023. New project launches will decline significantly after 2020.
(LATEST UPDATE)📊 Developers sold a total of 312 units of Private New Homes (6th Apr - 17th May). 💪🤗
🥇👍🏻The TOP 5 best-selling new launches from 6 April to 17 May were Treasure At Tampines, The Florence Residences, Parc Clematis, Parc Esta and Kopar @ Newton. 🥇👍🏻☺️
🤔 Is the property market showing resilience or did these savvy buyers know how to identify pockets of opportunities in the uncertain time? 💡
⏰Technology-fueled change so fast in this COVID-19 pandemic and has significant impact on all aspects of people's lives with 2.6 billion across the world now living under some sort of lockdown quarantine. We are grateful for all the trust and support from our clients tuning in our technology-focused Facebook ‘live’ sharings, webinars, zoom consultations, detailed R.A.M system financial planning, showflat virtual tours and virtual open houses on a daily basis for the past 6 weeks during this circuit-breaker period. 🙏🏻☺️❤️
✅ While we continue to monitor the situation on the ground and support our clients through these challenging times, our PropNex Management Team and all team leaders openly share their latest updates and researches on the potential implications of COVID-19 on daily Zoom sharings and webinars. 📝
💻📲Connect with me now and discover the insights from a different perspective! ✅🙋🏻♀️🙋🏻♂️
The real estate market is moving! At 2am today over Zoom, my buyers have decided to go ahead to secure a brand new unit near Beauty World at Upp Bukit Timah whose prices average only around $1600psf. To put things in perspective, this is around the same price as a brand new condo in Serangoon North, and cheaper than another one at Buangkok.
Plus, major price upside due to major transformation coming to the Beauty World area. The numbers made enough sense for the buyers to confidently proceed with the purchase without physically seeing the showflat!
I used to have huge reservations about this project. But after discovering what's happening around it, which not many people know, I'm fully convinced of its potential, which is partly why I could sell 2 units here within 3 months.