TOP 10 Selling Singapore Projects 2018
Singapore’s real estate market has been one of the hottest topics in many newspapers in 2018. Many developers and analysts first believed in a positive market outlook in 2019. But with new regulations in place, I’m not that certain.
After being in a downward trend since 2013, Singapore’s real estate market finally began to show signs of recovery in Q2 2017. If we compare 2018 with 2017, we can see that the real estate market gradually recovered and housing prices started to rise significantly in the first months of 2018.
The high price increases in Q1-Q2 in 2018 (reaching >7%) outperformed the government’s and analysts’ expectations, threatening a smooth recovery of the market.
In an attempt to cool down the market, the government announced several curbs in July 2018:
- A 5% increase of the Additional Buyer’s Stamp Duty (ABSD)
- A tightened Loan-to-Value (LTV) ratio by 5%, even when buying a first home
Developers will have to pay 25% more in tax of the land costs (increased from 15%), if they buy land for redevelopment. This is a popular option as vacant land is scarce
The 5% increase of the ABSD rate applies to citizens and permanent residents when buying buying a second home, which will now be 15%. Non-permanent residents and citizens on the other hand need to pay a hefty ABSD rate of 20%,for both first and second homes.
Let’s see below what are the TOP 10 Selling Singapore Condominiums in 2018
|Parc Botannia@ Sengkang
* Doorsteps to Thanggam LRT
* Limited Condo Supply
* Good schools nearby e.g Pei Hwa, Nan Chiau
* 1+S fr $707K
* Queenstown MRT
* Prime District 03
* Near Good Schools e.g CHIJ
* 1BR Fr RM968 K
* N-S Facing
* Near good school & International Schools
* Mature &Well Connected
* 1BR Fr $685 K
|The Tapestry @Tampines
* Amazing Report 100m Pool
* Shuttle Bus to MRT
* Value Buy Condo fr $1,100 psf
* 1BR fr $618 K
|Park Colonial @Woodleigh
* Doorsteps to Woodleigh MRT
* Bidadari Transformation
* Easy Access to CBD
* 1BR fr $865 K
* 300m to Marrymount MRT
* Access to 4 MRT Lines
* Lowest PSF in RCR
* 1BR Fr $867 K
|Stirling Residences @Queenstown
* Queenstown MRT
* All N-S Facing
* 5 MRT Stops to CBD
* 1BR Fr $899 K
|Seaside Residences @ East Coast
* Millions Dollar Seaview
* Doorsteps to Siglap MRT
* Good schools nearby
* 1BR Fr $987 K
|The Tre Ver @ Potong Pasir
* Potong Pasir MRT
* Kallang River View
* Luxury with Resort Style Living
* 1BR fr $748 K
|Parc Esta @ Eunos
* Opposite Eunos MRT
* Amenities & Mall Galore
* TOP Schools within 1KM
* 1BR fr $698 K
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Huttons Asia Pte. Ltd.
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