25 Nov '13, 7am

District 7

District 7

“I foresee that the prime and mid-prime areas (including District 7) will see a more subdued interest compared to other OCR properties due to the general economic uncertainty, and other regulations such as the ABSD and TDSR. The stricter borrowing rules and the longer waiting time for loan approval will see potential buyers taking a much longer time to commit or perhaps even shelving the purchase entirely. Downward pressure is expected to persist on properties with a higher quantum,” he added. Meanwhile, the integrated development DUO located in Bugis has already received a strong response from over 2,000 prospective buyers who turned up for the preview sales of the 660-unit residential component of the project, held last week. Over 85 percent of the 540 units of DUO Residences released in phase one were sold at an average price of around S$2,000 psf, with the highest psf ...

Full article: http://www.propertyguru.com.sg/static/district-7

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