Resale transactions saw a month on month drop of 6.8% in August to 1,447. This however, was largely anticipated due to some prospective buyers for dundee road queenstown condo choosing to hold back on making purchases during the nation’s Hungry Ghost festival.
Real estate investors seeking for a house to make investments will probably not have Geylang in their minds because the neighborhood possesses a bad appeal pertaining to the sleazy bars together with numerous suspicious night-life stores in queenstown hy realty condo. The unhealthy image shun numerous potential investors away but this does not necessarily mean that it is not a good idea to spend money on Geylang simply because a few property consultants sees the area as an perfect choice investment residences.
Dundee Road HY Realty Condo
Having said that, a sharp decline in asking prices is likely to be brought on by another induce from the worldwide economy, said Mizuho Bank’s Market place Economist Vishnu Varathan.
As pointed out by Eugene Lim, the key executive for ERA Realty, it was the year on year figure that was the most telling with its improvement in resale transactions of 9%.
Capital gain in Geylang is widespread because sources reveal that the average transaction prices of landed residences in the area climbed 31 percent to S$1,270 psf in Q3 2012, from $925 psf in Q3 2009. In the mean time, selling prices for HY Realty Queenstown Condoinvolving apartments raised 28% to S$1,112, psf from $758 psf through the same timeframe.
Queenstown Condo at Dundee Road
Mr. Lim stated that it is likely that we will see an increase in volume for resale in the future given the announcement of the new policies during the National Day Rally taking effect. He pointed out that there was a possibility of it hitting 19,000 to 21,000 for the entire year for HY Realty Dundee Queenstown Condo. According the SRX Property, the first 8 months of this year saw a total of 11,644 HDB resale transactions.
His article comes along 24 hours subsequent to the National Day Rally where by PM Lee Hsien Loong mentioned the Jurong Lake Gardens as the crown of the Jurong Lake District though the Gardens are presently out dated and under-utilised. Varied HDB locations as well as developments revolve around the suggested Jurong Gardens, including MCL Land’s Lakeville which is expected to be completed in 2018.
Dundee Road Queenstown MRT Condo
He further stated that he expects the PHG (Proximity Housing Grant) to help in boosting the numbers of resale transactions, more so in estates that are mature, due to families being able to make use of this grant in order to buy homes closer to their parents.
In particular, the quarter’s weak GDP expansion is mainly associated with slowing building activity, because of the sector suffering depressing expansion of 1.4 percent when compared to 4.1 percent in Q2 2014 for queenstown mrt condo. Having said that, price corrections have greater concern. Based on Knight Frank’s data, purchase prices in Singapore’s prime housing market dropped by 7.3 percent in H1 2014. This segment consists of five percent of the very most expensive residences within the country.