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A 39th-storey five-room apartment at City View at Boon Keng maintained the previous record price for a DBSS unit, even as it had been sold for about $ 1.205 million in 2019.
Natura Loft apartments are selling for a handsome price, using a five-room apartment, which was also located on a top floor, sold for approximately $1.08 million in August this year.
Another unit there created headlines 2017, when it had been nominated to get a list price of $1.18 million.
With the housing market on the rally after the circuit breaker, the new album came as no real surprise to specialists, ” The New Paper.
OrangeTee & Tie Head of Research and Consultancy Christine Sun clarified the price increase is based on what’s going on in the housing industry.
“The sales volume was going up and so are the costs in particular places. We see this at the private home market too. Typically, that’s the point where the trend is moving,” said Sun as mentioned by The New Paper.
PropNex CEO Ismail Gafoor credited the record cost to the house’s appealing site.
“This property is at an excellent place, in regard to very good universities, and can be very centrally located,” he said as quoted by The New Paper.
Both Sun and Ismail consider that the prior owners paid a top price for its apartment, together with Ismail estimating the cost to be $600,000 and over.
Ismail anticipates the present record to be broken up in the forthcoming months. But he doesn’t expect to see a massive increase.
“Now, the HDB market has obtained a rally along with the personal land costs will also be favorably increasing. Consequently, DBSS (apartments ), dependent on layout, are considered a value proposition,” he explained.