The property market in land-scarce Singapore is remarkably robust. Developments with good locational and site attributes could in fact enjoy substantial capital appreciation, helping their owners reap a hefty windfall when sold on the open market. As a result, housing here has been widely popular
Developments with good locational and site attributes could in fact enjoy substantial capital appreciation, helping their owners reap a hefty windfall when sold on the open market.
In such a bullish landscape, the gap between the haves and have-nots will become increasingly entrenched, with adverse consequences for housing mobility. Regulatory intervention had prevented society from being segregated into a class of landlords and another class of tenants, with limited mobility between the two socioeconomic groups.
Such projects, however, are expected to enjoy exceptional locational attributes, and their subsequent value in the open market will be correspondingly high. To prevent homes from being converted into a tool for speculation, Plus and Prime flat owners have to stay in place for a longer time, not be able to rent the whole unit out and sell to a smaller market with more constrained purchasing power, which in turn entails a thinner profit margin for sellers.
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