26 Nov '13, 9am

District Watch: D7 - Property Auctions News, Property Investment | PropertyGuru

District 7 is a colourful kaleidoscope of high-rise office buildings, old-world charm and a retail haven that exists in the form of glittery malls and back-alley street stalls. The district is served by Bugis, Esplanade, Nicoll Highway and Promenade MRT stations and the upcoming Rochor MRT station. Speaking to The PropertyGuru , Mohamed Ismail, CEO of PropNex Realty, said that average psf prices for non-landed properties in District 7 fell almost 17 percent from S$1,741 in Q1 2013 to S$1,429 in Q3, “mainly due to the TDSR framework introduced in June this year, which has caused demand to taper especially in the secondary market”. However, Ismail pointed to a changing tide and feels optimistic about the prospects for this district in the coming year.

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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