Singapore’s continuous upgrading and improvement in infrastructure has helped the boom in property market. Q1 2021 property prices continue to increase with figures higher than Q1-2020. Majority of the transactions are owner-occupied as there is a strong demand for spaces during this period and foreign-driven investment has increased during such time. The resale market, which also included the landed segment, probably drove much of the 3.3 per cent price gain. Irwell Hill Residences is the latest CCR new launch and sold 50% during 1st day of launch in early April-2021 with studio, 1 and 2 bedrooms being taken up very quickly after we see the successful launch of Midtown Modern. CCR prices have eased quite a bit which makes it attractive for investors to invest in District 9,10,11.
Source: The Business Times
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