The Singapore property market outlook for District D19, Kovan and official real estate property figures from the Singapore government. If sellers can hold the property, there will not be a property price cut. Therefore referring back to the employment rate/strength in Singapore is important. Buyers at the moment are waiting for the property prices to drop, but current as the job market is still very strong, therefore property sellers are holding on to their properties and are not willing to drop their property prices as sellers are still able to hold on to their job and are unwilling to sell their property at a price cut.
Politically Singapore’s economy is still extremely strong and stable. Therefore most investors will still buy real estate property from Singapore. However, investors might have doubts in investing their money in Thailand which are having internal country crisis and politically they are quite unstable at the moment.
Buyers and sellers also need to check with property and the buyer’s salary. Therefore all countries will need to compare buyers’ salary scale against property prices. If the fundamentals are wrong. Example if the citizens’ salary and property real estate gap become too big and in future Singapore citizens are not able to effort to purchase a property then government will implement cooling measures to bring down the real estate property prices to match and be inline with the country citizens’ salary scale so that people in Singapore will be able to purchase a property.
TDSR (Total Debt Serving Ration) is implemented by the government to stop too many people from borrowing money from the bank, As if too many people borrowing money or too much money from the bank; It will be unhealthy as well.
Singapore District 19 – What the government is implementing to D19 and its real estate properties in regard to residential and commercial buildings. The government is going to build 96,000 HDB flats in Punggol in District 19. And D19 is one of the biggest district in Singapore.
When you buy a real estate property you will also want to think down the road in future who will buy the property from you if you have a capital gain. If the population is dense, and if the MOP of HDB flat upgraders want to buy a Singapore condo or a landed property. Most buyers would like to purchase back a real estate property in their same district. Therefore, having a real estate property unit in a district with a dense population will have its advantages.
Places where hospital is injected into a certain district? Generally the property prices, rental prices/yield will go up. Where ever the are amenities in the district and area, then the property prices and rental prices will definitely go up.
Cross island MRT line going into the North East area. Therefore the government is planning huge developments in North East area in District 19. With new transportation line being implemented, then the property prices and rental prices will raise as well.
Kovan – After the relocation of Paya lebar airport, the building heights will be able to build higher
Defu is going to be implemented into Defu Industrial Park where the industry will take on mid to high end business. Therefore with such improved and expanded industry outlook. More jobs and increase in the properties’ prices and rental will come after the completion of the Defu Industrial Park.