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

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Ryan J

A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan’s expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938’s Open House programme underscores his commitment to providing valuable insights into the property market.

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Paul
Paul
2 years ago

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
2 years ago
Reply to  Paul

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
2 years ago
Reply to  Uni

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
Admin
2 years ago
Reply to  KVerma

Thank you for sharing your thoughts!

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