25 Sep '14, 10pm

Tiong Bahru: One of world's newest property hotspots

Comment E-mail to friend Bookmark & Share Tiong Bahru has been named one of the ten urban markets to watch in Knight Frank’s inaugural Global Cities 2015 report, joining the likes of London’s Victoria Park and Kowloon West in Hong Kong as the new wave of property investment hotspots. The neighbourhood stood out for retaining more of its historic character than most of Singapore. “The growth of high quality café and retail offering in recent years has helped lift values. Development opportunities are available but this is a sensitive urban area which will require skilful interventions,” said Knight Frank. Meanwhile, those who bought private units in the area over the last two years can expect to see strong returns as property values have increased. “Condo prices in Tiong Bahru have risen from one percent to 16 percent year-on-year from 2012 to 2013. For example, a freehold ...

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

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