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URA Draft Master Plan to spark more home sales

Knight Frank expects the recently announced Draft Master Plan 2019 to encourage more sales within the areas that have been earmarked for future development.

“While buying sentiment is subdued by the recent cooling measures, the announcement of the Draft Master Plan 2019 is likely the bright spark to trigger more sales activity, especially in areas that will see prospective growth,” said Tan Tee Khoon, executive director & head of residential (project marketing) at Knight Frank.

“For instance, the plans for the Greater Southern Waterfront will offer much optimism in the future outlook of residential properties in the vicinity, and these properties will appeal to buyers with longer investment horizon,” he noted.

– April 11, 2019

Read Full Article at https://www.propertyguru.com.sg/property-management-news/2019/4/179417/ura-draft-master-plan-to-spark-more-home-sales

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