Property RAR
Singapore Property - Contact us @ +65 9878 4688 or +65 90093586 right now
  • Home
  • About Us
    • Buying
    • Selling
    • Renting
    • Partners
  • Properties
    • La Fiesta at Seng Kang
    • La Fiesta @ Seng Kang
    • Nine Residences and Junction 9 at Yishun >
      • Nine Residences and Junction 9 at Yishun Floorplan
    • Hexacube Singapore Commercial at 160 Changi Road AIA >
      • Hexacube Singapore Commercial at 160 Changi Road AIA Floor plan
    • NorthPark (Northpoint) Residences Yishun Central MRT
  • News
  • Contact Us

High prices at new condo will test buyer demand: analysts

12/6/2013

0 Comments

 
www.propertyguru.com.sg | 12 June 2013
Picture
J Gateway (pictured), an upcoming condo in Jurong East, is expected to sell units for as much as S$1,600 psf — a price that will test buyer demand for suburban homes, according to analysts.

Developed by MCL Land, the 738-unit project is expected to sell a 474sq ft one-bedroom unit for as high as S$1,650 psf while a 1,163sq ft four- bedder could go for S$1,450 psf on average, said marketing agent Huttons.

J Gateway: Expected to be the next hottest property in suburban homes going for as much as S$1600.

While the S$1,650 psf selling price would be a record for Jurong East, International Property Advisor Chief Executive Ku Swee Yong said, buyers will likely be drawn to buy as J Gateway is the first condo near the Jurong East MRT station in 10 years. For instance, an agent said he has received 100 queries from interested buyers in just a matter of three weeks.
R'ST Research Director Ong Kah Seng agreed that the condo's location is its strongest selling point. "A lot of buyers are excited about projects in new growth areas. I would suppose Jurong East is able to offer that."

Meanwhile, Alan Cheong, Research Head at Savills Singapore, said: "If you adjust for J Gateway's location within the new Jurong Lake District, the range of S$1,450 psf to S$1,650 psf is definitely expected."

Cheong also noted that if J Gateway is well-received with its launching prices, it will likely create a ripple effect on the prices of other homes in the area.

"It's like disturbing a quiet pond. With one mega launch like this, it will certainly create waves around the region," added Cheong.
0 Comments



Leave a Reply.

    Singapore Property News

    Singapore Property News.
    Do note that the news posted are representations from Singapore local sources and do not represent the views of R&R Real Estate Services. However, you are invited to comment and engage a discussion with us, should you have any views that you want to share.

    Archives

    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013

    Categories

    All
    Commercial
    Condominium
    Cooling Measures
    Council For Estate Agencies
    Developer
    Executive Condominium
    Foreigners
    Gdp
    Good Class Bungalow
    Government Policies
    HDB
    Industrial
    Interest Rate
    Mixed Development
    New Launches
    Permanent Residents (PR)
    Private Homes
    Singapore Land For Sale
    South East Asia
    Total Debt Servicing Ratio

    RSS Feed


Powered by Create your own unique website with customizable templates.
Copyright 2012-2014 PropertyRAR, R & R Real Estate Services Singapore Property. All rights reserved.