In December 2015, the Singapore MRT Downtown Line 2 has just completed and there are signs that the MRT effect is in place when statistics from Knight Frank's analyst have shown that for condos along major roads close to the new Downtown Line stations, the average prices increased from 4.5% to $1592 psf from third to fourth quarter 2015.
This is a level above the nationwide performance. In the last 24 months, the average prices of these condos have strengthened by 3.58% while the property price index weakened by abt 3.58%
More buyer interest have been seen in condo such as the Eco Sanctuary, which sold 9% more in the 11 months leading to November 2015, according to RST Research Director Ong Kah Seng.
Skywoods at Diary Farm Heights went from 43 to 85% sold and Hillviiew Peak at Hillview Rise sales went from 33% to 46% sold.
Robin Residences (very near to Stevens MRT Station saw the medium prices increase a more modest 0.3% to $2378 psf
This is a level above the nationwide performance. In the last 24 months, the average prices of these condos have strengthened by 3.58% while the property price index weakened by abt 3.58%
More buyer interest have been seen in condo such as the Eco Sanctuary, which sold 9% more in the 11 months leading to November 2015, according to RST Research Director Ong Kah Seng.
Skywoods at Diary Farm Heights went from 43 to 85% sold and Hillviiew Peak at Hillview Rise sales went from 33% to 46% sold.
Robin Residences (very near to Stevens MRT Station saw the medium prices increase a more modest 0.3% to $2378 psf