Based on the launch of the properties last year, most home buyers are going for reasonably priced homes found in good locations. This is also according to the report that was released by The Straits Times.
Three projects were also performed at their best during their launch. This was also despite the cooling measures, the location and the pricing.
In Sengkang, the High Park Residences moved one-thousand one-hundred sixty-nine units at such a median price of $989 psf. On the other hand, the North Park Residences located in Yishun sold 486 units at such a median price of $1374 psf.
In addition, the Poiz Residences located in Potong Pasir moved 277 units at such a median price of $1440 psf.
The executive officer of ERA Realty named Eugene Lim noted that the projects sold in 2015 were presented in their attractive prices. The projects were all situated and were all closer to an existing or upcoming MRT station. This is located near the various amenities like reputable schools and shopping malls.
Buyers are even more expected of distinguishing new projects. The location and the price are still the most determining factors behind the performance of a project. Mohamed Ismail also stated that a project is believed to be highly attractive to most home buyers when priced at the lower end prior to the location.
As per the Core Central Region, this is expected to be closer to $2000 psf and nearer to $1000 psf. The rest located to the Central Region is expected to be closer to $1500 psf.
A premium is also charged due to the availability of the transportation and the location. Ismail also noted that buyers are showing their willingness of paying a premium for their mixed-used projects such as the DUO Residences, North Park Residences and J Gateway.
In almost all cases, the price is still believed to be the main factor.
Three projects were also performed at their best during their launch. This was also despite the cooling measures, the location and the pricing.
In Sengkang, the High Park Residences moved one-thousand one-hundred sixty-nine units at such a median price of $989 psf. On the other hand, the North Park Residences located in Yishun sold 486 units at such a median price of $1374 psf.
In addition, the Poiz Residences located in Potong Pasir moved 277 units at such a median price of $1440 psf.
The executive officer of ERA Realty named Eugene Lim noted that the projects sold in 2015 were presented in their attractive prices. The projects were all situated and were all closer to an existing or upcoming MRT station. This is located near the various amenities like reputable schools and shopping malls.
Buyers are even more expected of distinguishing new projects. The location and the price are still the most determining factors behind the performance of a project. Mohamed Ismail also stated that a project is believed to be highly attractive to most home buyers when priced at the lower end prior to the location.
As per the Core Central Region, this is expected to be closer to $2000 psf and nearer to $1000 psf. The rest located to the Central Region is expected to be closer to $1500 psf.
A premium is also charged due to the availability of the transportation and the location. Ismail also noted that buyers are showing their willingness of paying a premium for their mixed-used projects such as the DUO Residences, North Park Residences and J Gateway.
In almost all cases, the price is still believed to be the main factor.