The property market is most interesting at the moment. Last month, real estate experts were taken unawares by yet another round of government-imposed market cooling measures. The government knows it’s crucial to keep prices from running away from the fundamentals and forming a bubble in a time of low interest rates and high liquidity.
Sean Tan, General Manager of iProperty Singapore, commented that a recent survey shows that the new measures are making residential property buyers more cautious. A large number are deferring their purchase for up to two years. He also expects property sales to dip slightly but prices will continue to rise, or at best, remain flat in 2013.
It remains to be seen whether the many new builds coming on the market in 2014 and 2015 will create an oversupply. The Singapore government intends to increase the population in the coming years so long-term demand is there.
A more in-depth report with insights from iProperty, Knight Frank and Accenture Real Estate Asset Group can be seen on our website, www.expatrealtor.net.
Architects’ Own Home
This large family home, originally built by its architect owners for their own use, has masses of space and plenty of room for everyone. It comprises five bedrooms with four ensuites, an open-plan kitchen and dining room, a great patio and a small front garden with room for a trampoline. It also has a large laundry area, maid’s room and garage.
The location is very central, with easy access to bus routes, an MRT station and the French and Australian international schools. This house is likely to be snapped up quickly.
Size: 3,480 sq. ft
The photos of this stunningly designed and beautifully renovated double-storey penthouse speak for themselves! The condo has full facilities and is located just minutes away from Clementi MRT station. There are a number of bus services nearby, too. Several schools and restaurants are located in the vicinity, as are recreational facilities such as West Coast Park and Pandan Reservoir Park.
Size: 2,077 sq. ft
Ground Floor Gorgeousness
Brand new, this beautiful three-bedroom apartment has quality finishes and two patio areas – one off the living room and one off the master bedroom. It can be rented either partially or fully furnished. Located in the prime area of Bukit Timah Road, it is close to international schools, Bukit Timah Nature Reserve and Green Fairways Golf Course and Driving Range.
From $6.4K RENT
Size: 1,292 sq. ft
Perfect for ground floor patio lovers, with the added bonus of soothing waterway views. Wake up every day feeling as if you’re on the French Riviera, in this spaciouw and well laid out unit. The open-plan kitchen and dining room face the lounge and patio area, with views of the marina and yachts beyond. You can walk to the new shopping precinct’s supermarkets, deli, bakery and coffee shop. A real gem.
From $9.6K RENT
Size: 1,973 sq. ft
East Coast Townhouse
Located in the popular Siglap area, this well presented family townhouse is near international schools, local eateries, shops and East Coast Park’s beaches and cycling tracks. It has five bedrooms, but the basement room could be used as a sixth bedroom if needed. Balconies, a patio off the living room and a small upstairs terrace add an extra something to this townhouse.
POA – FOR RENT
Size: 3,000 sq. ft
Situated in the Yio Chu Kang and Begonia Road district, this spacious house is well presented. The open-plan kitchen and dining room leads out to a large patio with ceiling fans, and a back garden with space for a swimming pool.
One bedroom with a bathroom is located on the ground floor, two more enormous bedrooms are on the first floor, and there is a huge attic room too. The master bedroom boasts a large office area plus walk-in-wardrobe and ensuite.
Conveniently located with easy access to the PIE and CTE motorways, and the French, Australian and American schools.
From: $7.4K RENT
Size: 4,000 sq. ft
Type: Corner semi-detached