What Will be the Future Price For Prime District of Singapore?

"The developer is probably pricing in a slight appreciation of around six to seven per cent for the selling prices of the future development. This is somewhat in line with the market expectation that prices of new homes will rise by around five to 10 per cent next year," Ms Li added.

Head of research and consultancy Tay Huey Ying at real estate agency JLL said: "Of interest is that local developers continue to maintain their hold on the prime district market, pipping foreign developers such as China’s CSC Land and Hong Kong tycoon Li Ka-shing’s Japura Pte Ltd for the two sites at Jiak Kim Street and Fourth Avenue, respectively."

Read more at https://www.channelnewsasia.com/news/business/former-zouk-site-at-jiak-kim-street-gets-bid-of-s-955-4m-for-9471114

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