Weeks ago during Circuit Breaker, highlights of big-ticket purchases have hit the town over news headlines.
First was the news of a Good Class Bungalow at Windsor Park bought for $21.68 mil without viewing, followed by Chinese actress, Vicki Zhao’s husband, purchasing a penthouse worth S$27.65 million in Singapore’s District 10.
The news hasn’t stopped since then, with a freehold inter-terraced house on Dido Street in District 15, sold for $2.2 million. For new launch projects, a total of 152 closings have been concluded from Circuit Breaker till 17 May.
Why are the ultra-rich investing in Singapore amid the Covid-19 outbreak?
You can resonate. Singapore’s emerging affluent prioritise in transforming to a first class city, with the high-net-worth individuals focus on property investments. Over the past decades, private property has significantly increased over 157% & what could have been a better investment than real estate in Singapore?
While we celebrate the news on the influx of foreign investors growing our economy, how will this implicate our real estate prices? With a surge in buying demand, the property prices are set to hit another new high. Will we see an average of $3000 PSF within the 5 years’ benchmark?
We have anticipated that the 3rd quarter of 2020 is the best time and opportunity to invest in Singapore’s real estate, especially new launches that drive a high capital appreciation over a period of 5 years on average.
Get your list of resilient & recession proof new launch properties today & find out more. My name is Jen Tan, drop me a private message or give me a call at +65-90662926 & we will get back to you soonest.