Flora Drive Condo

Many people have used their Central Provident Fund money to buy homes rather than allow it to accumulate interest for use in retirement, so dropping home values can also hurt retirement plans in a big way. Two of the four brand-new launches, City Gate in addition to The Citron Residences, sold over 10 percent of Flora Drive Condo total units released for sale as purchasers on fresh new launch projects continued to be price-sensitive. In a nation where Hong Leong Pasir Ris Condo homeownership is 95%, there are risks when prices moderate. Many people have outstanding mortgages and these do not disappear when asset values drop, one industry expert, was quoted as saying.

Hong Leong Pasir Ris Condo

This was told in an interview to The Straits Times. Mister Augustine Tan the head of Singapore’s property Developers’ body was quoted as saying, “a perfect storm was brewing in the form of weak economic sentiment, a worsening supply – demand imbalance and advising vacancy  for flora drive hong leong condorates.” Northpoint City will also include close to 1,000 carpark spaces as well as 300 parking spaces for bicycles so as to to improve the active everyday living of Yishun Residents. North Point City will even be involved the making of new pedestrian bridges that can offer unrestricted access to the entire shopping mall for Hong Leong Pasir Ris Condo.

Flora Road Tampines Condo

Figures upon property information Flora Drive Condo developer sales kept flat this quarter at 104 new units, based on a recently available record from DBS Bank, Singapore. 19,081 private homes remained unsold this August, many of which were larger units. Having said that, a lot of real estate property experts noted that this does not suggest that the local property industry is not an ideal place to invest in as many are convinced that the real estate prices will gradually increase over the long term for hong leong flora drive condo. We need to provide an up-date for this particular announcement with regards to Flora Drive Condo shortly.

Mister song finished by saying, “Barring a jarring shift in macro conditions – such as an external shock that could lead to more job losses in Singapore and a structured shift in demand – the Government may not see reason enough to support a market that is cooling as the measures intended and not headed into distress for Flora Drive Condo.” In an effort to easily sell more new units before TOP, quite a few developers have resort to dangling discounts to prospective buyers and several special discounts can easily be as high as 20%. For example, Urban Resort has decrease 17% off listed price tag in an effort to sell some of its balance units. Communters in Yishun will certainly get to delight in unparalled public transport services such as a air-conditioned bus interchange as well as an underpass linking Yishun MRT Station to Northpoint City.

Hong Leong Flora Road New Launch

This as far as the government is concerned is perhaps the market has not dropped so much… However, if you wait for the market to worsen, you may not catch it at the right time. The houses selling prices in Singapore for hong leong flora drive condo register a drop due to a a shortage of buyers presently out there. Having said that, choosing a house could very well be a complicated process & below are several tips provided by homes experts.

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Skies 39

Also of note is the strong decree that that was recently given, by the Singapore electorate, to the ruling party that they continue to govern the country for another term. This seems to be giving impetus for a continuation of policies that will enhance the affordability of housing for skies 39 toa payoh lorong 4. The topic of foreign buyers is also still a touchy one, and it is not likely that the government will lower the Additional Buyer’s Stamp Duty set out for property purchases made by foreign investors in Evia Braddell MRT Condo.

Skies 39 New Condo Toa Payoh

Included in this are reputable colleges, recently upgraded theme parks, advanced professional medical amenities with an plentiful of entertaining clubs and features. The present measures by the HDB to improve Nee Soon into a more lively residing location for older residents in the community resulted in skies 39 toa payoh lorong 4 diverse guidelines rolling out in order to transform Nee Soon.

One consultant stated that the skies toa payoh lorong 4 government’s credibility would be affected should any adjustments to their property cooling measures run counter to this principle of affordable housing for skies 39 toa payoh lorong 4.
Weakened sentiment on the housing outlook as well as the probability of further price decreases will slow down sales volumes in the private housing market, said ERA in reponse to iProperty interview. It is expected that the sales volume for new private housing will be around 8,000 to 9,000 units. The volume in skies condo at toa payoh transactions will also continue to be driven by new launches and will be largely dependent on a project’s location and pricing.

Evia Braddell MRT Condo

Eugene Lim, KEO at ERA thinks rents to lower an extra 5 to 6 percent by year end. Nicholas Mak, Research Head at SLP International expects a 4-6%. For the longer term, Christine Li, Research Head at OrangeTee, expects a drop of near 10% by end year. Real estate property agents attribute the problem to a lack of need because of lack of tenants. Consultant predict that the government would only go as far as lifting the Additional Buyer’s Stamp Duty for those Singaporeans who are buying a second or third home for skies 39 toa payoh lorong 4.

Along at the launch of the North Point City Exhibition, Group Chief executive officer of Frasers Centrepoint Homes Lim Ee Seng said, “Home buyers at North Park Residences doesn’t only get to benefit from the everyday living choices along with superb advantages that Northpoint City delivers, they will at the same time have the benefit of what currently Yishun provides.

Braddell MRT Singapore Skies 39

The report highlighted the authorities’ desire not to relax the property cooling measures especially the Total Debt to Service ratio (TDSR) at this time, interested investors will undertake a wait-and-see method and less controlled properties elsewhere as many of the reasons keeping acquiring appeal down. Key executive officer for ERA Realty, Eugene Lim stated that , alluding to the rising interest rates, tighter financial rules that loom ahead for housing supply, and activities in property at a low speculation currently, he did not see that the stability of residential property prices affected by lifting the ABSD for Singaporeans.

Critical to any adjustment in policy is the Federal Reserve’s timing with its hike in interest rates, which will have the effect of raising the cost of borrowing in Singapore. The impasse would be prolonged should there be a delay in the rise of interest rates. The fact is, land lords have cut down rent to be able to strive to compete for tenants, where the statistics have already been constrained as a result of lower number of foreign workers in skies 39 toa payoh lorong 6.

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Sim Lian Anchorvale EC

Thirdly, agents have to assist skillfully plus take their service towards next phase by going the extra mile. Transportation to other areas of Singapore is likewise make reasonably simpler because of the transport available choices of Sim Lian Anchorvale EC for instance a brand-new underground bus interchange and also highways which are more friendly to cyclist in an effort to promote a healthier and active lifestlye for the residents. Other factors being developed are several edutainment clusters and pedestrian linkages and park connectors to areas surrounding the vicinity, such as Yuan Ching and Taman Jurong in Sian Lian Land EC.

Sim Lian Anchorvale EC

It offers a plot ratio of 3.0 that will allow up to a maximum of around 22,510.74 square feet of gross floor area. Future plans for a new subterranean air-condotioned bus interchange in the upcoming Bidadari HDB Estate in order to bring more light to the area. There’ll be many establishments within Anchorvale EC by Sim Lian which will be develop over the following number of years. The raising population in the city state has lead in the government to incoporate planning efforts for brand new housing estates in the city state. Options sketched consist of the upcoming Bidadari town situated right next to Bartley MRT Train station.

Several of the blueprints and plans include a new shopping district near the existing Woodleigh MRT Station. There will be also brand new temples & churches in order to add to the housing estate distinctive historical past. It is expected that this busy activity will spread even more once the Singapore/Kuala Lumpur high speed rail terminal is completed in a few more years for Anchorvale Sim Lian EC.

Sengkang Anchorvale EC Sim Lian

For instance, rather then performing a viewing with verbal explanation, Sengkang Anchorvale EC Sim Lian seller professional may offer the consumer a pamphlet, inclusive of photos and also crucial features. The property itself offers a prominent frontage area situated along Ayer Rajah Expressway and Jalan Ahmad Ibrahim. The vicinity around the site has a good mix of both residential and industrial estates. Also taking place is another sale by EOI of a row of shop-houses that are situated at the even numbers for 142 to 150 Joo Chiat Road. Also of note are developments, such as Fairway Country Club, Corporation Place and CISCO Recall Centre.

The Anchorvale Sengkang EC is zoned, under the 2014 Master Plan, as being for residential and commercial use. First and foremost, agencies have to consistently update their own industry awareness in an effort to supply the right recommendation for their consumers to allow them to make well-informed decisions. Secondly, in today’s active climate, agencies must be resourceful while looking out there for the best customers. The actual new housing Anchorvale Sim Lian EC will be structured to be noticed as a relaxing & quiet way of life to match the town’s history as well as options to encompass patches of greenery and variety of open public transportation will be intended in the property estate. Adding to this is the fact the the Jurong Lake District itself has been undergoing a transformation as it works to become a more vibrant commercial hub over the past few years.

Anchorvale EC by Sim Lian

Coupled with Yuan Ching vicinity’s industrial and housing estates, the new changes look to bode well for any businesses and retailers that will be operating within the complex itself.
These 5 adjoined properties offer a total land area f close to 7,503.58 square feet and are zoned under the 2014 Master Plan for commercial use.In addition, with the aging population issues in the city state, plans includes a new healthcare facility in the estate.

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Lake Grande

Secondly, under the regulations of the Seller’s Stamp Duty scheme, any properties that were sold during the first year of its purchase would be hit with a 16% maximum fee. Lakeside MRT Jurong West Condo Properties sold within 2, 3 and 4 years would be met with rats of 12%, 8% and 4% respectively. We will need to offer an posting for this news reports with regards to MCL Lakeside MRT eventually.

MCL Jurong West Lake Grande Condo

Nonetheless, price corrections are of greater concern. said CIMB bank’s Regional Economist Seng Wun Song. Based on Knight Frank’s data, mcl land condo selling prices in Singapore’s prime housing market dropped by 7.3 percent in H1 2014. This phase includes 5 % of the very most costly residences inside the country. It wasn’t until after the implementation of the Additional Buyers Stamp Duty that this extensive standardization assisted in stabilizing the market, alongside a rise in housing supply.

Despite sluggish and less than ideal growth within the city state’s real estate property market, professionals think that there is still properties in Singapore that stays undervalued. Below are a few help and advice plus strategies for mcl land condo estate agents about how to market real estate property in spite of the current market situations. SRX pointed out that, even in a low rate environment, they were confident that the ABSD could be lifted without the worry that Singaporeans would overextend themselves.

Lakeside MRT Lake Grande

Furthermore, Lakeside MRT Jurong West Condo brokers will certainly have to source out for the best advertising and marketing path in an effort to acquire Lakeside MRT Condo clients. Additionally, real estate agents can learn to support their clients more effectively by bringing along the project sales brochure & displaying the vital components of the house. A number of analyst feel that the asking prices definitely will improve because desire among purchasers remains strong. It is noted that mcl land condo selling prices drop may be the deficiency of marketplace demand.

Specifically, the quarter’s weak gross domestic product expansion is generally produced by slowing building activity, with the sector suffering discouraging growth of 1.4 percent versus the 4.1 percent in Q2 2014. For you to maintain with the real estate market knowledge of the local real estate property market, mcl jurong condo real estate brokers currently have to frequently maintain up to date with their own real estate market knowledge to allow them to give much better hints and tips for their present clients.

Jurong West Lake Grande

On the other hand, a sharp decline in purchase prices is likely to be brought on by another induce from the global economy, said Mizuho Bank’s Market Economist Vishnu Varathan. Thirdly, property pricing today is much more transparent than it used to be, due to property data being made more accessible by the Government to the public and the industry since 2012. Several steps were taken in 2003 by Singapore’s Monetary Authority to bring standardization to the underwriting process for mortgages, some of which included reducing tenures for loans, tightening down on loan to value limits, Jurong MCL Condo bringing the total debt servicing ratio for loans in the private property category to 60%, and bringing down the mortgage servicing ratio for HDB loans to 30%. It was also pointed out that there were still speculation controls that were flexible, the Seller’s Stamp Duty, that works to curb Lakeside MRT Jurong West Condo speculation without hampering a good inflow of capital coming into Singapore.

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Paya Lebar Condo

When Ms. Leong was questioned about any plans to redevelop the Golden Shoe Car Park, she stated that it was the company’s desire to rejuvenate their portfolio in Paya Lebar Mix Development, and that included any initiatives for asset enhancement. However, in regard to Golden Shoe Car Park, the government has ownership of the food centre that is within the car park, and any asset planning recommendations would need to involve the National Environment Agency.

Lend Lease Paya Lebar Condo near MRT

Some examples are good academic institutions for Lend Lease Mix Development, recently enhanced theme parks, advanced professional medical facilities with an plentiful of fun clubs and conveniences. The present actions by the HDB to improve Yishun into a more dynamic living location for older residents in the community resulted in numerous guidelines coming out in order to completely transform Yishun. Geylang is probably the last place in mind within Singapore in which any property or home investor probably would think of to invest due to the awful level of popularity it has warranted show casing many massage outlets and sleazy nightlife entertainment outlet stores.

Australia Developer for Paya Lebar Site

The population of Singapore is aging. This statement reflects a truth which may affect the opinion of Lend Lease Paya Lebar Condo property owners who may not be sure whether it is wise these days to hold property in Singapore. A recent study by the University of Singapore’s Institute of Real Estate Studies predicts that the prices of homes in Singapore could fall by as much as 30% by 2040 as the society ages for Lend Lease Australia Condo and the ratio of dependent elderly people rises in comparison to those who are still working.

Capital gain in Geylang is prevalent simply because sources suggest that average transaction prices of landed properties in the vicinity rose 19% to S$1,420 psf in Q1 2013, from S$971 psf in 2009. In the mean time, selling prices involving condos at Paya Lebar Central Mix Development increased by 22% to $1,112, psf from S$728 psf through the same period. The terrible status has put off many investors but this does not indicate that it is not smart to put money into Geylang because a number of real estate Lend Lease Mix Development property experts recognizes the area as an ideal choice investment properties.

Paya Lebar Site by Lend Lease

Economists and Real Estate consultants argue that this scenario may not eventuate because investment and immigration are still strong influences in Singapore for Lend Lease Australia Condo. They also say that the University’s study views Real Estate mainly as a source of immediate income and that it ignores the fact that Real estate can be a long-term investment in Lend Lease Mix Development, given especially Singapore’s status as a global city. Along at the unveiling of Northpoint City, Group CEO of Frasers Centrepoint Homes Lim Ee Seng said, “Owners at Paya Lebar Mix Development does not just get to enjoy the life-style alternatives along with terrific benefits that Northpoint City boasts, they’re going to also take advantage of what currently Nee Soon provides.

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Dundee Road Condo

SRX Property’s latest flash estimates have shown that August saw a slight rise in HDB resale pricing, while resale transactions took a dip. A climb of 0.3% in resale prices was seen for August, a figure that was led by 4 and 5 room apartments. A revision of SRX Property’s index was made for July, where it now shows a drop in HDB resale figures for dundee road queenstown condo by 0.6% rather than the originally quoted 0.5% dip.

Pricing of private homes in Singapore will continue to cool although at a slower pace as confirmed by Urban Redevelopment Authority (URA)’s report for Q3 2014.
As reported by Colliers International’s Director of Research in addition to Advisory Chia Siew Chuin, quite a few sellers are not in any immediate need to get rid of their very own homes as a large number of have already gained from earlier real estate trades in hy realty condo.

HY Realty Dundee Road Condo

Some might be also still looking at profits if he or she made their own ventures inside the preceding cycle.“It can be seen that individuals who own private residential homes today have gained thanks to the capital appreciation from the previous cycle.

Resale transactions for queenstown hy realty condo saw a month on month drop of 6.8% in August to 1,447. This however, was largely anticipated due to some prospective buyers choosing to hold back on making purchases during the nation’s Hungry Ghost festival.

From the secondary market, while some units happen to be selling more reasonably, you’ll find home sellers planning to hold off till current market conditions are more constructive.Alternatively, interest on new houses is predicted to hold up better as developers have more ways to promote projects in queenstown mrt condo strategically as well as creatively to bring in real estate investors.

Dundee Road Queenstown Condo

Lagging views on the real-estate outlook for HY Realty Queenstown Condo as well as prospect of more decrease in prices will hinder the number of sales transactions quantities within the private real estate market, especially of resale homes, said ERA. It showcased the authorities’ reluctance to loosen up the property cooling measures especially the TDSR during this period, purchasers have continued to adopt a laid back approach and better investment opportunities offshore as examples of the factors maintaining buying appeal down in HY Realty Dundee Queenstown Condo.

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%.

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. According the SRX Property, the first 8 months of this year saw a total of 11,644 HDB resale transactions for HY Realty Dundee Queenstown Condo.

HY Realty Condo

The recent month developer sales kept flat these continous quarters at 13 new units, as outlined by the latest survey from Barclays Bank, Singapore. Furthermore, product sales along at the projects released in Sept, slowed further more, getting total sales to just 12%.

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Stable Property Market

In this year’s anniversary dinner that was held at Marina Bay Sands for the Real Estate Developers’ Association of Singapore, Heng Swee Keat, the Minister for Finance, stated that having a property market that was both stable and sustainable in Singapore was in all of the stakeholders best interest for Sturdee Road Condo.

Mr. Heng reminded everyone that Sustained Land Condo homeowners, the industry itself and the government all have a shared interest in making certain the property market is made stable and can be sustained as such. There have been stark reminders of the dangers of property bubbles, the hazards of credit and an ongoing risk of asset markets breaking away from the basic foundations of the economy, such as the 2007-2008 Global Financial Crisis resultants and the sub-prime collapse in the United States for Sturdee Road SL Capital Condo.

Stable Sturdee Road SL Capital Condo

The United States has faced some severe consequences as a result of a collapse in the housing market that quickly snowballed into the system of finances, further resulting in a recession that didn’t just affect the United States, but impacted the global economy as a whole.

These comments were made at the same time that many players in the property market have continued to grate at the level of impact that the cooling measures put in place by the government in the past couple of year. The remarks bring to light a number of issues that developers are faced with, such as Sturdee Road Sustained Land Condo residential units being in oversupply, a rise in inventory going unsold and the cost of operations and construction rising.

Sustainable Property Market SL Capital Condo

Augustine Tan, president of REDAS, pointed out during the event that prices could not fall too steeply without having a detrimental affect on their products quality and obligatory operations.

He further pointed out that, considering the significant progress being made in the built environment’s standards, going backwards was no longer a possibility. The only path ahead is towards progression for Sturdee Road Condo.

Using the data obtained from a recent member survey by REDAS, which encompassed 14 launched non-landed projects between 2013 to 2005, Mr. Tan emphasized the fact that price reduction had been reported by the respondents of the survey of up to 11%. Some projects had even had to make price cuts since 2013.

Sturdee Road Condo Property Market

There are still 3,000 units that remain unsold from 2012’s Government Land Sales Program in several projects, and time is running out. These Sturdee Road SL Capital Condo units need to be 100% sold by developers of these projects by 2017, or they will not qualify for the exemption of the ABSD on the cost of land, stated Mr. Tan, who also Far East Organization’s executive director and in charge of corporate affairs and property sales in Sturdee Road Sustained Land Condo.

The Vales

Media reports say that the BCA has awarded a record 37 developments in its 2015 BCA awards for user friendly design. This award, which is also known as the BCA Universal Design Mark, promotes the concept of universal design that architects and developers should create buildings that are accessible and user friendly to everyone and anyone, able-bodied, disabled, children, elderly people, mums with prams, etc, in other words creating practical buildings for real people.

The Vales Design for the Common

BCA’S Director for the Building Plan and Management Division, Chin Chi Leong said that the BCA was pleased that the numbers of winners of the Universal Design Mark were increasing each year from 26 winners in 2013 the initial award to 37 projects in 2015. It is noted that The Vales Showflat and registration will open soon.

ITE College Central, d’Leedon Condominium and the Westgate Commercial Building received 2015 Platinum Awards. ITE College Central received commendations for its exemplary pro-family facilities and features which consider the access, needs and welfare of disabled people. Facilities, which received particular notice and praise included access ramps and the facility to borrow wheelchairs as well as a childcare facility, and designated family parking spaces.

More looking at The Vales EC

The Westgate development, an office tower and shopping centre, received praise for having a dedicated Family Zone, which includes a playground, nursing rooms, as well as dedicated rest rooms for young children.

The Vales EC Sengkang

CapitaLand’s d’Leedon project only completed recently received recognition for the 18% of its units which have features such as step free unit and room entrances, assistance buttons in bedrooms and bathroom and front doors with security peepholes situated at a suitable height for wheelchair users and children to use.

Parc Life

The parties vied with one another in their promises to build new homes, causing one commentator to call it a ‘bidding war’ for the electors’ votes. The Conservative Party and the Labour Party promised 200,000 homes a year, The Liberal Democrats promised 300,000 homes per year, plus five new Garden cities by 2020. The Greens outbid them all promising 500,000 new social houses for rent, to be funded by scrapping the Buy to Let mortgage interest tax allowance for Parc Life website.

Parc Life EC Sembawang

Hundreds of thousands of new housing stock would reinvigorate the UK property market Parc Life, particularly if it were of affordable homes, and stem the housing crisis that Britain has been undergoing for many decades. The numbers of new homes is unlikely to ever catch up with population growth, the targets aimed to stabilise the shortage and amend the housing market’s deep seated structural problems.

Parc Life Sembawang

Apart from the Green Party, the other policies would have allowed thousands of people to become homeowners, which would increase business for estate agents. It remains to be seen whether the newly elected Conservative Government will implement any of its own housing policies or indeed borrow those of their opponents.

New EC at Sembawang by Fraser Centrepoint Homes

Property Market like Parc Life Sembawang commentators dissected the policies prior to the election and judged that the Conservatives’ policy was overall more favourable to the property industry. It judged that Labour’s support for a mansion tax would, if implemented, ensure dramatic falls in property values and further hit the “squeezed middle” class. This include Parc Life buyers who are looking for Sembawang ECs around in the vicinity.

The Liberal Democrat policy proposals for a mansion tax and their “”rent to own”” scheme, along with their proposals for increased taxes, antagonized the Parc Life property industry and the Green Party’s focus on social housing did not endear them to estate agents.

EC at Sembawang – Parc Life

It must be remembered that all the policy proposals would not work unless the severe housing shortage was first addressed. Successive governments have promised to address this worsening housing crisis, to date, none have even come close to achieving the building of the numbers of homes that they promised before their electione. Is it really likely that the newly elected government will really address the housing shortage, which is the underlying problem with the United Kingdom’s property market, when no government in the past several decades has built sufficient homes to match the people’s needs in Parc Life Executive Condoninium.

High Park Residences

Recent media reports have said that Jurong Lake District property owners have cause to celebrate after an announcement was made regarding the location of the high speed rail terminus for Singapore choosing Jurong East as its location for High Park Residences.

Fernvale High Park Condo by CEL

Many consultants are expecting that the building of the new terminus will work to stimulate commercial and retail activity, as well as bring incentive for property prices for the vicinity. Furthermore, it has been noted that this district is situated well for taking advantage of the boost it will get from the terminus near High Park Residences.

Major MRT lines intersect in Jurong East, such as the upcoming Jurong Region Line, and the North-South and East West lines. Head of research for CBRE’s South-east Asia and Singapore sectors, Desmond Sim, points out that this interchange makes commuting much more convenient.

High Park Residences CEL Development

Also of note for this area is that it has become an affluent area for hunting up business spaces at locationa around High Park Residences.

Highpark Residences

Christine Li, research director for Cushman & Wakefield, has pointed out that Jurong Gateway will soon become a suburban area that is an excellent site for business services, company headquarters, technology, education and science sectors. Jurong Gateway offers a generous 500,000 square meters of offices, a retail area of 250,000 square meters, as well as 2,8000 hotel rooms and space for entertainments, beverages and food.

Some newcomers on the high speed rail line could include businesses from Malaysia, notably companies that are from areas like Batu Pahat, Nusajaya and Malacca.

General manager of Jem, a mixed use development, Jenny Knoo has said that concurrently, retailers have recognized how the Jurong area is hovering on the brink of attracting a much larger collection of office workers and shoppers with new developments that include the high speed rail terminal at High Park Residences.

High Park Residences Fernvale Road by CEL Development

One official from Mapletree Industrial Trust has stated that there is an expectation that, once the rail line is ready, its two buildings will see a higher demand for space at Fernvale High Park Condo CEL.

In March an award was given to one of MCL Land’s nearby condo sites. MCL Land is currently in the process of developing Jurong West Street 41’s Lakeville.

Koh Teck Chuan, a chief executive of MCL Land, also shared that he expects both projects to bring more buyers that are foreign to the area, given its vibrancy and larger accessibility for new condos near High Park Residences.

In 2015’s 1st Quarter, non-landed property prices in Jurong dropped by 8% from 2014’s 1st Quarter to and average of $947.15 per square foot, which was a result of cooling measured that the government had put in place at High Park Residences.

Mohamed Ismail, chief executive of PropNex Realty has shared that, in relation to those High Park Residences sales figures, an increase in the average non-landed rents over this same time period of 6% to $3.30 per square foot per month was recorded. He further added that it is expected that there will be a slow appreciation of this developing areas property prices over the coming decade.