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Episode 19
Punggol and Sengkang: The Newest and Hottest Private Home Market?As the latest developing housing estate in Singapore, more than 5000 new private home units have been launched in Punggol and Sengkang over the past couple of years. Market responses have been positive, with choice units at choice locations selling above $1000 psf. Since 2009, median price observed in Punggol-Sengkang has increased by 50%, outgrowing the island-wide benchmark. Going forward, can the prices’ upward trending momentum in Punggol and Sengkang be maintained? Jurong Regenerated: The Next Private Residential Hotspot? Jurong is Singapore’s major industrial district. The masterplan to develop it into a regional centre encompassing commercial, tourism and residential components is also well underway. Over the past 4 years, the only 2 private home projects launched there were sold out and a land site opened for development in May there drew tremendous interests from developers. With another two 99-years land sites to be launched for tender soon, is Jurong the next hotspot in the private homes market?
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Punggol and Sengkang: The Newest and Hottest Private Home Market?As the latest developing housing estate in Singapore, more than 5000 new private home units have been launched in Punggol and Sengkang over the past couple of years. Market responses have been positive, with choice units at choice locations selling above $1000 psf. Since 2009, median price observed in Punggol-Sengkang has increased by 50%, outgrowing the island-wide benchmark. Going forward, can the prices’ upward trending momentum in Punggol and Sengkang be maintained? Jurong Regenerated: The Next Private Residential Hotspot? Jurong is Singapore’s major industrial district. The masterplan to develop it into a regional centre encompassing commercial, tourism and residential components is also well underway. Over the past 4 years, the only 2 private home projects launched there were sold out and a land site opened for development in May there drew tremendous interests from developers. With another two 99-years land sites to be launched for tender soon, is Jurong the next hotspot in the private homes market?
Published: 19/8/12
Views: 1708
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