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Good Entry Point to Buy District 10 Freehold Condo

Posted by Property Launch Invest on Thursday, 17 December 2015 in Property News

Condo prices in the suburbs, or the Outside Central Region (OCR) has caught up quickly over the past few years

Freehold condominium prices have stagnated since the roll-out of cooling measures. On the other hand, prices have not dropped significantly because of two factors. Firstly, condo prices in the suburbs, or the Outside Central Region (OCR) has caught up quickly over the past few years; Secondly, freehold residential properties in prime locations still carry strong value propositions in buyers' minds.

Due to the rapid appreciation of suburban condominium prices, the price margin between the two market segments has largely narrowed from 90 per cent in late 2009 to around 50 per cent in 2014. The market consensus is that the margin is not likely to close further, as location and the prestige factors still prevail. Instead, the margin is expected to widen in the medium term as OCR condos face more supply pressure. Ultimately, prime residential land is scarce.

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Summarizing the above two points, we feel that District 10 freehold condo prices will soon reach the support level, if it is not already met. Smart investment dollars should soon find this opportunity window to take up more prime freehold condos in District 10.

Among all the District 10 condominiums, Goodwood Residence located along Bukit Timah Road is probably the most worth looking at. Set in a prime residential enclave, the project is also strategically located only 200 meters away from Newton MRT Station, providing excellent accessibility to the CBD and Orchard shopping belt. Such convenience and tranquil living environment have also translated to good rental demand. Out of the 150 over units in the project that has been sold, this year alone we have seen at least 60 units rented out. There are still about 50 units in the project for investors to grab.

Source: ST Property

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PROPERTY LAUNCHES & INVESTMENTS

Property Launches & Investments

Good Entry Point to Buy District 10 Freehold Condo

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