Affordability for condos domestic market in Singapore has increased compared with 2007. This was primarily due to lower interest rates. Demand condominiums outside the central region have increased to 40 percent of the total private housing transactions in Singapore. By reading this article you can get the best information about Pullman apartment flooring plans.
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The developers took the opportunity to launch a domestic condo at a competitive price in the first quarter of 2009. More than half of the buyers are HDB upgraders.
The number of private condos to be completed between 2009 to 2013 is estimated to be in the range of 11,000.
Compared with 1996 – 2000, there were approximately 40,000 completed which includes both private and public housing, the number of units completed during the past five years has dropped to 13,000 units per year for the government to cut down on the number of public housing.
The population living grew at an annual rate of 1.4 percent is expected to last 10 years. Based on statistics, the annual demand will be about 16000.
There is also a high demand for public housing for the government for three and four-room models. With a high demand in public housing, it causes an overspill effect on the private condominium. The majority are public housing upgraders.
With such an increase in demand, prices also began to rise gradually from the beginning of 2009. For example, the price of the average price of a three-bedroom, it has risen to $ 600psf media prices similar to the peak in 2007. Lower interest rates also have increased the attractiveness of domestic condominiums.