According to many developers, there is a bright future for Singapore private property markets and many exciting opportunities ahead. This is in response to the draft master plan lineout as well as the stable business environment that Republic has to offer.
Singapore Private Property
According to the Real Estate Developer’s Association of Singapore (Redas), they see great prospects in the real estate Singapore private property environment. Also, Redas plan to increase its public engagement including offering ideas to the authorities on the development of the CBD area as well as new areas in Tanjong Pagar based on the new Draft Master Plan. Mr Chia, president of REDAS advised that despite the new policy measures which are introduced to curb property speculation in Singapore private property, he sees great prospects in the Singapore Real Estate Market.
Singapore Private Property Investment
Mr Chia sees great and exciting prospects of the Singapore private property Market due to the new draft Master Plan which sees the new Southern Waterfront City that will come out in Tanjong Pagar. Also, the relocation of Paya Lebar airbase to Changi Airport free up land for real estate developers to build residential homes to provide for population expansion. In particular, the plans for project Jewel to built a mega mall in Changi Airport for the transit travelers makes real estate Singapore private property development in the area particularly attractive.
Private Property in Singapore
As the above points stated though, many are still wary about the Singapore private property as the cooling measures have just been introduced. Nevertheless, we should see some excitement coming up in jurong kechil as it is a piece of land near the upcoming Beauty World MRT. Also, the price should be very reasonable as this is a 60 yrs tenure land and the developer has bid for the piece of land at a very low price.