{"id":85952,"date":"2018-04-20T12:21:24","date_gmt":"2018-04-20T05:21:24","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-market-uptrend-to-continue-buyers-encouraged-to-look-at-regional-centres\/"},"modified":"2018-04-20T13:04:37","modified_gmt":"2018-04-20T06:04:37","slug":"property-market-uptrend-to-continue-buyers-encouraged-to-look-at-regional-centres","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-market-uptrend-to-continue-buyers-encouraged-to-look-at-regional-centres\/","title":{"rendered":"Property market uptrend to continue, buyers encouraged to look at regional centres"},"content":{"rendered":"


\nKen Low from Huttons Asia talked about launch prices of upcoming projects and squashed any possibility of a property bubble forming in Singapore.
\nBy Mindy Chong
\nSingapore\u2019s property market has seen a decline for nearly four years, but this was followed by a recent upturn in property prices and transactions. In fact, analysts from Morgan Stanley have predicted that property prices could rise by 5.0 to 6.0 percent per annum.
\nMeanwhile, the number of new launches may hit 50 this year, with the majority of projects located in the central, western and northeast regions. The northeast of Singapore, which includes Sengkang, Serangoon, Kovan, Hougang and Punggol tops the list for being the most affordable region and one to look forward to in the coming years. Located within the North Coast Innovation Corridor, the area will become the largest regional centre, surrounded by various R&D and tech companies.
\nMore: Private Home Prices Up 3.1% In Q1, Says URA
\nBut questions remain, including what to expect in the second half of 2018 and how buyers and investors can address the challenges in the property market?
\nAlso, what is the growth potential of regional centres in Singapore? These issues were discussed during PropertyGuru\u2019s recent Guru Talk seminar held at the Parc Botannia showflat in Sengkang at the end of March. \u00a0
\nGuru Talk is a series of knowledge empowerment seminars aimed at providing \u2018Guru Views\u2019 on the property market.
\nThe latest seminar drew a good response, with over 50 people in attendance and looking to gain fresh insights from esteemed speakers Ken Low, director of project sales & marketing at Huttons Asia, and Winston Lee, PropertyGuru\u2019s regional head of special projects.
\nThe event kicked off with Low talking about launch prices of upcoming projects and squashing any possibility of a property bubble forming.
\n\u201cIf the launch price of a property is higher, there will also be a much higher chance of capital appreciation. As of now, the launch prices of projects in the northeast area is at $1,200 to $1,400 psf, $3,000 psf for central areas, $1,800 to $2,500 psf for the city fringe, $1,400 psf for the suburbs and $900 psf for executive condominiums,\u201d he said.
\nLow added that housing prices are still within the healthy range. Singapore also has one of the lowest interest rates at 1.6 to 1.7 percent and there is fluidity in the market due to ongoing en bloc sales, he noted.
\n\u201cAside from the Buyer\u2019s Stamp Duty for property purchases above $1 million, we are also expecting an increasing population and a higher number of foreign investors,\u201d he added. \u00a0
\nAttendees also benefited from a talk on the potential of regional centres in Singapore from PropertyGuru\u2019s Lee.
\n\u201cThere are four regional centres; Tampines Regional Centre, Jurong Lake District, Woodlands Regional Centre and the North Coast Innovation Corridor. Aside from Seletar Aerospace Park, the growth pipeline in the North Coast Innovation Corridor includes the new Singapore Institute of Technology, the future Thomson-East Coast Line and the creation of 10,000 jobs by end of 2018,\u201d he said.
\nPunggol and Sengkang currently top the list of areas for property ownership due to employment opportunities and its popularity among younger Singaporeans. This will in turn boost the market value of properties and promote better rental yield and demand, noted Lee.
\nIf you missed the seminar, please watch our video at http:\/\/bit.do\/gurutalkparcbotanniavideos. For more information on upcoming Guru Talks, go to: www.pgevents.propertyguru.com.sg.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Property market uptrend to continue, buyers encouraged to look at regional centres<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ken Low from Huttons Asia talked about launch prices of upcoming projects and squashed any...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-85952","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-mmk","jetpack-related-posts":[{"id":8168,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/strong-property-potential-for-northeast-singapore\/","url_meta":{"origin":85952,"position":0},"title":"Strong property potential for northeast Singapore","date":"March 11, 2016","format":false,"excerpt":"\r Eugene Lim, KEO of ERA Realty, walking attendees through key insights to the Singapore property market, providing a comprehensive outlook for the year ahead. Singapore\u2019s property prices will stabilise for both public and private housing, and the northeast region presents great potential for buyers. By Gordon Tay With the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/03\/jet-lee.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":141356,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-cuts-supply-of-new-public-flats-to-the-fewest-since-2021-as-hdb-fiddles-with-pipeline-to-ease-housing-prices\/","url_meta":{"origin":85952,"position":1},"title":"Singapore cuts supply of new public flats to the fewest since 2021 as HDB fiddles with pipeline to ease housing prices","date":"January 17, 2024","format":false,"excerpt":"\r HDB said it has successfully delivered about 80 per cent of pandemic-delayed projects, or a total of 73 projects from October 2020 to December 2023.\r \r Source : South China Morning Post\r Read more...Singapore cuts supply of new public flats to the fewest since 2021 as HDB fiddles with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28427,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-price-drop-likely-due-to-new-reporting-rule-for-developers\/","url_meta":{"origin":85952,"position":2},"title":"Home price drop likely due to new reporting rule for developers","date":"October 4, 2016","format":false,"excerpt":"\r Private home prices in Singapore have fallen for 12 consecutive quarters since peaking in 2013, URA data shows. The Urban Redevelopment Authority\u2019s (URA) flash estimates of a 1.5 percent drop in private home prices came as a surprise to analysts and erased hopes that the market may be bottoming\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114103,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-cautious-gls-bid-causes-8-20-drop-in-land-prices\/","url_meta":{"origin":85952,"position":3},"title":"Developers\u2019 cautious GLS bid causes 8-20% drop in land prices","date":"January 14, 2020","format":false,"excerpt":"\r The muted sales take-up rates seen in existing projects in the vicinity of both sites are possible reasons that developers have placed lower bids. The cautious approach employed by developers towards bidding for land has caused an 8% to 20% drop in land prices including the 5% Additional Buyer\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134311,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-price-growth-slows-to-0-4-in-q4-2022-hdb-resale-prices-rise-2-3-in-q4-slowest-growth-in-2022-and-more\/","url_meta":{"origin":85952,"position":4},"title":"Private home price growth slows to 0.4% in Q4 2022, HDB resale prices rise 2.3% in Q4, slowest growth in 2022, and more","date":"January 30, 2023","format":false,"excerpt":"\r 26th January \u2013 30th January 2023 Private home prices rose at a slower pace in Q4 2022, rising 0.4% compared\u00a0to the 3.8% hike in Q3 2022. 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