Commentary Is $2,000 PSF Going To Be The New Norm For New Launches In 2022 And Beyond?

  • May 5, 2022
  • 6 min read
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Ryan J

Ryan is an old school print journalist gone digital. He's lived in almost every type of housing in Singapore, from flats to landed homes. Over the past 18 years, he's been a content developer for companies large and small, a co-founder in an education business, and sometimes a voice on the radio. He also spends too much time and money on painting little plastic soldiers.

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Paul
Paul

So, psf prices are likely to increase and rich foreigners are less likely to invest in Singapore property = property market supported mainly by Singaporeans. Question is, can our economy and income keep up? If I buy a property at $2000 psf can the next generation afford to buy it from me at $2500 psf a few years later? Just wondering how long we can continue this trend without Foreign investors.

Uni
Uni

I think Singapore needs foreign investors to survive. We are after all a small country. Singaporeans can only do so much with our salary.

KVerma
KVerma

I heard from property agents that the foreigners are still buying Singapore condos despite of 30% ABSD, and its expected this will continue though at a slower rate. in view of this, i think the prices will remain firm going forward unless unfortunate events happen such as financial crissis similar to 2008. however, even with such financial crisis, prices eventually recovered and continue grow. Singapore still in a developing country catagory and therefore the real estate sector still has a lot of room to grow in the next 20-30 years.

Stacked Homes
Stacked Homes

Thank you for sharing your thoughts!

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