<ADV> What's Your 2020 Vision?
We are excited to kick off the new year in the right way: with tech, and empower our salespersons to elevate consumer experience! Stay tuned 😉
Market Pulse
Welcome to a new decade!Â
During his New Year message, Prime Minister Lee Hsien Loong said the upcoming Budget will include plans to improve the lives of Singaporeans, such as helping households with the cost of living.
Some analysts are anticipating another Selective En bloc Redevelopment Scheme (Sers) announcement this year for Holland Village or Queenstown. Mr Lee Sze Teck, Huttons Asia Research Director, pointed out that there are some empty plots of land nearby at Ghim Moh, which could be used as sites for new homes for the displaced households.
A Livelier Executive Condominium (EC) Market
With only one EC launched last July, analysts believe that the market will be more exciting this year with Parc Canberra, located near Canberra MRT Station, Ola at Anchorvale Cresent and also the development along Tampines Avenue 10.
Mr Lee said demand for ECs will be robust, especially with the raising of the monthly income ceiling for EC buyers from S$14,000 to S$16,000 last September, which expands the pool of eligible buyers. Depending on the pick-up rates, there could even be a fourth EC launch at a site beside Parc Canberra, he added.
More Private Properties Sales Too?
Local private property prices rose 2.5% last year compared to 7.9% increase in 2018 according to official flash estimates. Mr Lee also reckons there could be nearly 50 launches this year, with 11,000 units released to the market for sale and about half are in the Core Central Region. Keep a lookout for Jan 23 where the statistics will be updated when URA releases its full set of data for 4Q2019.
Budget 2020 will be delivered on Feb 18 too, mark your calendars!
Local Projects Highlights
The Avenir
The Avenir embraces nature with 80% of its land area artfully constructed into a botanical garden and arboretum of native flora. This rare freehold property is also situated in prime District 9. Preview of the Sales Gallery starts today from 6pm!
Parc Canberra
Down Under. Up North. This luxurious EC located within 300m of the upcoming Canberra MRT Station will be launching soon. The vicinity is primed for many more developments to meet your retail, dining and recreational needs. Sign up here to express your interest or find out more!
Cuscaden Reserve
Cuscaden Reserve is nestled within the more exclusive perimeters of Orchard Road for those who are seeking to be in a place rich in lifestyle experiences and amenities. A prime address with St Regis, Four Seasons and The Regent Hotel right next door. Cuscaden Reserve takes luxury home to the next level to collaboration with an estate management firm to ensure that your luxury home goes beyond simply architecture, but also keep up to their vision of the ultimate living experience.
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This document has been prepared by Huttons Asia for general information only. Huttons Asia does not guarantee, warrant or represent that the information contained in this document is correct or complete. Any interested party should undertake their own enquiries and due diligence as to the contents of the information prior to making any decision in reliance of the same. Huttons Asia excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damage arising directly or indirectly therefrom. All rights reserved.