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THE LEVEL GROUND

Consider building executive condos in prime locations

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Leslie Yee

Leslie Yee

Published Mon, Aug 14, 2023 · 04:26 PM
    • Building new ECs in prime locations can help locals achieve private housing dreams.
    • Building new ECs in prime locations can help locals achieve private housing dreams. PHOTO: BT FILE

    RELIEF may be in sight for aspiring private home buyers. It looks like home prices and interest rates will not rise further and may even soften.

    In the second quarter of 2023, private home prices slipped 0.2 per cent according to data from the Urban Redevelopment Authority (URA) – the first decline since Q1 2020. 

    Still, private home prices have risen sharply versus pre-Covid days. Based on URA’s data, prices in Q2 2023 rose 26.6 per cent versus Q4 2019.

    Singapore propertyResidentialSingapore residential propertyExecutive condo (EC)Government Land SalesPrime Location Housing model (PLH)The Level GroundSpotlight

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