UOL is right to bank on prime 99-year leasehold housing projects
Relative value, buying by PRs and dearth of freehold projects support demand for new prime leasehold condos
RESIDENTS of suburban condominiums can access various facilities within their developments as well as tap into public transport, shopping, healthcare, education and recreation amenities nearby.
As private home prices here surged following the Covid-19 pandemic, suburban condos led the way among non-landed homes.
Based on data by the Urban Redevelopment Authority (URA), non-landed home prices in the Outside Central Region (OCR) or the suburbs, and Rest of Central Region or the city fringe, rose by 40 per cent and 38 per cent respectively between Q4 2019 and Q1 2024. Meanwhile, non-landed home prices in the Core Central Region (CCR), which covers prime districts 9, 10 and 11, Downtown Core and Sentosa, increased by 14 per cent.
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