27/05/2021
When you look at the successful land bid prices for Ang Mo Kio and the Executive Condominium in Tengah, you would probably be shocked that the Executive Condominium land price has crossed $600psf per plot ratio with 7 bids for the first time and Ang Mo Kio Land tender with 15 bids exceeded $1100psf per plot ratio.
What Does This Mean To Us:
๐บProperty Prices are looking to remain resilient and future prices are expected to be higher for sure!
๐บDevelopers who have lost out in the land bids and donโt have much balance stock, could or may start increasing prices for their existing unsold units!
๐บEven Executive Condominiums, prices will now have to cross the $1200 psf price point!
What Actions To Take:
If you are still sitting on the fence, we urge you to take immediate action to secure your preferred units at your choice developments.
If you are still unsure about it, connect with us today and let us share with you more information to assist you to make the right decisions at the right time!
The last round we saw this happening was in year 2017, land bid rose so rapidly that pushed the prices up for the existing developments under construction. Donโt look back in regrets again...
Ann Lee
96851352
Singapore New Launches