Vincent Ong 6598531741

Private home prices expected to rise this year after 2.5% gain in 2019

PRICES of private homes in Singapore are expected to rise by between 1 and 5% this year, analysts say, after clocking a 2.5% gain in 2019.

In the 4th quarter of last year, prices of landed property rose 4 per cent, after edging up 1% in Q3 2019. Dr Lee Nai Jia, head of research at Knight Frank, said: “The improvement in prices of landed properties could be due to sustained interest from buyers, who feel that landed homes are good assets for wealth preservation amid the uncertain economic outlook. The increase could also be reflective of the higher prices of choice landed properties which transacted in Q4.”

Marina One Residences, which sold 43 units in the quarter at a median price of S$2,242 per square foot (psf), after having moved 30 units in the preceeding quarter at a S$2,503 psf median.

Knight Frank’s Dr Lee projects that private residential prices could grow by 2 to 5% this year, albeit with the market remaining segmented.

– Fri, Jan 03, 2020

Read Full Article at https://www.businesstimes.com.sg/real-estate/private-home-prices-expected-to-rise-this-year-after-25-gain-in-2019
 


Marina One Residences Your Space in the City awaits.

Marina One Residences Available Units for Sale and Floor Plan at

https://vincentongvirtualhomes.com/marina-one-residences/

Why Marina One Residences is a choice to add into your property portfolio, please ☎ Appointed Marketing Agency, Knight Frank Project Team Leader for Actual Show Units viewing appointment :

(65) 9853 1741
Vincent Ong

Associate Sales Director (Premier Adviser)
Knight Frank Projects Tagger
Project Team Leader
Project In-Charge
CEA Registration Nos: R030204C

I will respond to your query in the shortest time possible. I hope to be of service and value to you. Thank you.

*Prices & Availability of Units Subject to Changes without prior notice.
*Pictures may be of model unit, purely for illustrative purposes only, sizes and floor plans of actual unit may vary

Posted in Singapore Property News and tagged , , , , , , , , , , , , , , , , , , , , .