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Factors influencing the depreciation of property prices in Singapore include government policies, economic conditions, location and accessibility, land scarcity, lease decay, supply and demand, and the lack of government upgrading support for private properties.

THE POIZ RESIDENCES: Meyappa Chettiar Road, D13/Toa Payoh, Apartment, MCC LAND (POTONG PASIR) PTE LTD, 99 Yrs Leasehold from 17/11/2014, Completion 2018, Land Size 19,904 sqm, 731 units, 1BR-5BR, Buyer Profile: Singaporean 83.6%, PR 11.9%, Foreigner 4.3%, Company 0.2%, Avg sale price $2,055 psf, Rental Yield 3.8%.

Key milestones in the evolution of 2-room flats in Singapore: - **1991**: Singles aged 35+ allowed to buy resale HDB flats. - **2013**: Singles allowed to apply for new 2-room flats in non-mature estates. - **2015**: Introduction of the 2-Room Flexi Scheme, offering flexible lease tenure and fittings for diverse housing needs.

Sale prices for HDB units in Teban Gardens Road can reach up to $750,000, especially for well-maintained 4-room or 5-room flats near amenities. Units at 22 Teban Gardens Road in Teban Vista have seen prices up to $750,000, influenced by size, condition, and demand in Jurong East.

Apartment at 26 Zion Road, #xx-xx, 1,100 sqft: - Located in Bukit Merah, near Great World MRT. - Avg. price psf for 2-bedroom units: S$2,163. - Nearby developments: Zion Road Parcel B GLS site (605 units). - Rental prices: S$4,000-S$6,000/month. - Purchase price: S$2.3M-S$2.7M.

The valuation of your 4-room HDB flat at Blk 879B Tampines Avenue 8 considers recent transactions, location and amenities, property attributes (floor level, unit size, condition), and future developments. EdgeProp's Edge Fair Value tool combines these factors for an accurate valuation.

Upcoming HDB projects in OCR for October 2024 BTO launch: - **Bedok**: Bayshore Vista and Bayshore Palms (1,400 units, Plus projects), Kembangan Wave (Plus project). - **Jurong West**: Yung Ho Walk (1,844 units). - **Kallang/Whampoa**: Towner Breeze, Kallang View (Plus projects), Crawford Heights (Prime project). Pasir Ris and Tampines have no new launches in October 2024.

### HDB Market - Steady growth in resale prices, 8.6% forecasted for 2024. - High demand for larger units, increase in million-dollar flats. ### Condominium Market - Expected growth of 4-7% in 2025. - CCR may see resurgence, OCR and RCR outpacing CCR. ### Area-Specific Growth - Significant growth in Tengah, Punggol Digital District, Jurong Innovation District. - Prime districts have strong demand, rents from SGD 4,000 to SGD 7,000. ### General Trends - Popularity of sustainable properties. - Higher demand for larger, family-friendly units.

Kent Ridge Hill Residences is located at South Buona Vista Road, District 5. Developed by Oxley Spinel Pte Ltd, it has a 99-year tenure from 2017 and 548 units. Unit types range from 1 to 5 bedrooms, including penthouses and strata landed houses. Facilities include a clubhouse, gym, and lap pool. Nearest MRT: Pasir Panjang.

## Condominium Prices - Average price per square foot: SGD 2,500 - CBD: SGD 3,500 per square foot - Suburban areas: SGD 1,800 per square foot ## HDB Resale Prices - Average resale price of a 4-room HDB flat: SGD 636,259 ## Investment Sentiment - Net buying intention: 13% ## New Project Launches - Over 30 new projects with approximately 14,000 units ## Rental Yields - Expected rental yield: 3% to 4%