Singapore Property ~ The second quarter of 2015 in Singapore private home prices suffered a 3.2% drop in prices and it is said to reach 4% overall according to the research of Knight Frank.
This record has set Singapore to have the second biggest drop among other major market in Southeast Asia in property prices within this year.
According to Alice Tan the Director and Head of Consultancy and Research in Singapore of Knight Frank, the continued fall of private home prices in Singapore only shows that continued weakness of its market. Prospective buyers tend to wait out possible price adjustment and others are just plain cautious of making any decision. Tan further shared that as 2015 is near to its end the private home market will continue to face continued weakening. There will be slowdown in domestic economy and interest rates will surely increase.
But it will not directly affect the Singapore as a whole and there are still a lot of new homes rising to different parts of the city. It is still be a perfect time to check on the upcoming residential homes available. Just like in Kovan Road there’s a new project site where the Kovan New Launch in District 19. Another place that is worth visiting is located in District 8 which is the Sturdee Residences.
For a new family who is trying to settle in Singapore there is no better time than now to start checking the different location of new property that you could own in the future. Being able to decide as early as possible will enable you to enjoy special discounts that most owners give to their first few clients. Most of the new projects are located conveniently near the city and it would be easy for residents to go anywhere because of the different bus stops and train station near their area.
More launching soon developments: