I am flabbergasted and exasperated. Record new high created again in our Singapore Property Market even at mass market private properties. It was reported in the news that Oxley launched Affinity at Serangoon (formerly enbloc Serangoon Ville) at an average of S$1,550 psf. 110-140 units estimated to have been sold. 5 mins away, Keppel Land and Wing Tai launched their Garden Residences (Serangoon North Ave 1) at an average of $1,750 psf and they managed to move 60-90 units. Also with EC going at S$900 psf and even upcoming projected EC projected at S$1,000 psf at Punggol in 2019 (site won by City Development), the property market these days seems to be in exuberance.
What is happening? This seems like a huge bubble to me. Will our Government come out to launch additional property cooling measures soon?
No way the government will impose more cooling measures which will affect the investment value of all properties owned by all the Government Leaders, Top Civil Servants and their families and Investment Companies!!!
ReplyDeleteLol. Cooling measures announced just slapped concerned sg on the face.
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