Dreniq NewsDreniq News
  • News
  • Technology
  • Business
  • Entertainment
  • Science / Health
Facebook Twitter Instagram
  • Contact Us
  • About Us
  • Privacy Policy
Facebook Twitter Instagram
Dreniq NewsDreniq News
Subscribe
  • News
  • Technology
  • Business
  • Entertainment
  • Science / Health
Dreniq NewsDreniq News
Home » News » Business » Singapore Real Estate Market Investments Up 11.5 percent in first quarter of 2021
Business

Singapore Real Estate Market Investments Up 11.5 percent in first quarter of 2021

Angela McCainBy Angela McCainMay 31, 20212 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Singapore Real Estate Market Investments Up 11.5 percent in first quarter of 2021
Share
Facebook Twitter LinkedIn Pinterest Email

According to the latest property report, Singapore’s property market is on its way to recovery. The first quarter of 2021 was the third consecutive quarter of increased buying activity in the property market, of which the housing sector outperformed the other 2, forming over 37 percent of the investment sales in the country, with about three thousand three hundred new homes being transacted, of which Clavon condo has contributed to a significant portion when over 400 of its apartments were sold back in January. Demand for condominiums were from HDB flat owners seeking to upgrade to a private residence, retirees looking to downgrade from their luxury homes to a simpler residence, and from parents who are taking advantage of the cheaper prices property developers are offering to acquire a home for their children. Many analyst also believe that the increasing demand are also driven by improving confidence by investors on Singapore’s economy, pent-up demand for new homes that’s being released currently, and the low interest rate offered by the banks.

Due to this strong demand for homes, the unsold inventory in Singapore reduced to around twenty one thousand units. This inventory has started to decline since the beginning of 2019, on the support of positive market conditions that has prevailed till now. Significantly, mixed commercial and residential developments have shown strong interest from the local populace. “Having the convenience of a supermarket, children’s enrichment center, restaurants and key amenities within the compound of my abode is essential for my family,” says a resident from Dairy Farm Residences, a mixed development in the West of Singapore.

One can guess that upcoming tenders of government land sale sites will receive strong interest from property developers. This has already been reflected from the sale of the two Canberra drive sites earlier last year, both of which drew strong competition between developers looking to replenish their land banks. One of the Canberra sites will be constructing its new residence soon. For more information, you can visit The Watergardens at Canberra Showflat for details of this new condominium.

Overall, foreign investors will still be seeking investments that will provide higher returns and stability. Residential developments in good locations at attractive prices will continue to receive investment monies from overseas.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleHow to Clean Most Stains from Synthetic and Natural Fiber Carpets
Next Article The pandemic’s effect on Singapore’s housing market.
Angela McCain

Angela is a senior editor at Dreniq News. She has written for many famous news agencies.

Related Posts

Tech Talent That Powers Growth: How a Leading Tech Staffing Agency Transforms Hiring

June 20, 2025

How to Maximize ROI from Condo Rental Properties

May 31, 2025

Smart Strategies to Secure a Debt Consolidation Loan with Poor Credit

May 8, 2025
Follow Us
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Google News
Lastest Articles
Mining Power Supply Challenges? Hybrid Systems Cut Fuel and Costs
July 1, 2025
How a Virtual Business Address Helps Startups in Australia
July 1, 2025
🧬 Mind Over Matter: Scientific Insights Behind Hypnotherapy
June 30, 2025
Understanding Thermal Inkjet Technology: Applications, Advantages, and Why It Matters
June 28, 2025
Why Do I Sweat at Night During Pregnancy? How to Handle It?
June 25, 2025
How to Save Money Fast on a Tight Budget (Even If You Live in a Costly U.S. City)
June 25, 2025
6 Tips for Upgrading Your Room on a Budget
June 21, 2025
Tech Talent That Powers Growth: How a Leading Tech Staffing Agency Transforms Hiring
June 20, 2025
Best Way to Cut Through PVC Foam Sheet: A DIY Guide for Clean and Easy
June 19, 2025
Top 6 Factors to Choose LED Strip Lighting for Swimming Pools
June 19, 2025
Common reasons why group health insurance claims get rejected
June 17, 2025
Signs You Shouldn’t Ignore: When to See a Doctor in Dubai
June 16, 2025
Dreniq News
Facebook Twitter Instagram YouTube RSS
  • Contact Us
  • About Us
  • Privacy Policy
2025 © Dreniq

Type above and press Enter to search. Press Esc to cancel.