Is there opportunity in a crisis in the residential market?

Covid-19 crisis did not cause property market to stumble since our property market is already stabilized with several cooling measures in place. Singapore has developed and improved its existing infrastructure including MRT network over the last 10-years. By 2040, it will take not more than 45-minutes to get to city area, and 20-minutes to another town. With encouraging bank rates and history of property prices to rebound after each crisis, many buyers did their research and self-check to ensure they buy within their financial means , and afterall, it is a legacy and privilege to own a piece of private property in this land scarce Singapore. The Florence Residences continue to sell well with an average of $1450psf. Being located in the North-Eastern Region, buyers are attracted with the bountiful of amenities such as shopping malls, parks, food-joints, close proximity to MRT, excellent bus-connectivity, and most importantly, future growth of the region which will expand the employment through the development of Punggol Digital District.

Source: The Business Times

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