29 Jan '18, 2am

Property analysts hopeful for 3-year upswing

If 2017 were the year for developers to fill up their land coffers, then 2018 seems like the year to see these investments come to fruition. There is likely to be a healthy amount of jousting for sales in upcoming launches . Lap Pool, Watercove Property market expected to do well in 3-year upswing The line of properties receiving en bloc attention may diminish slightly as the year goes on. But as bidding wars increase, the developers who had paid lower prices earlier on in the race will benefit. Taking recent land prices into consideration, analysts are estimating that property prices will have to rise 6% to 13% in the next few years. There is naturally some uncertainty about how high prices can go before consumers stop biting. Some analysts have estimated that prices of new projects will have to be approximately 40% higher than similar properties in the vicinity for the d...

Full article: https://www.iproperty.com.sg/news/property-analysts-hopef...

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