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Areas like Bedok, Bishan, Bukit Batok, and Bukit Merah are expected to see moderate price increases of 5% to 8% due to strong local demand and convenient locations. The government's policies, such as increased BTO subsidies, are also driving up HDB resale prices in these areas.
Landed properties, particularly in District 19, are seeing a surge in demand driven by families seeking more space and privacy. The transaction values for landed properties increased by 10.5% in 2024, indicating strong demand and rising prices.
The demand for properties with shared amenities, such as co-living spaces and mixed-use developments, is growing due to the appeal of community living and affordable lifestyles. This segment is expected to grow at a 12% rate annually from 2023 to 2028.
With Singapore's aging population, there is a rising demand for senior-friendly housing. This trend presents an opportunity for investors, as the government is launching initiatives to support this demographic.
The expansion of the MRT network is transforming property values in newly connected areas. For example, the Hougang Central project and other areas with improved MRT connectivity are expected to drive up property values due to enhanced accessibility.
The Jurong Lake District, slated to become Singapore's second Central Business District, is attracting significant interest due to major government investments in infrastructure, new train lines, and commercial developments. This area is expected to see increased property prices and rental rates as it develops.