Demand for property? It happens, even if price is not under affordable category. This is a project by Selangor Dredging Bhd (SDB) which is a Malaysian developer. The project is Jui Residences in Singapore. Of course this is not in Malaysia.
However, even in Singapore, starting initial price of S$1,600 to S$2,000 per sq ft is hardly considered affordable for majority of Singaporeans yeah. Example? 450 sq ft at S$2,000 per sq ft = S$900,000 yeah. I am very sure majority Singaporeans would be buying a HDB flat instead since majority of Singaporeans are staying in a HDB flat.
Article in nst.com.my Property developer Selangor Dredging Bhd (SDB) Jui Residences project in Singapore has been well received with all 117 units sold to date since its soft launch back in September 2018. The 117 contemporarily crafted units are located within an 18-storey tower surrounded by convenient amenities and an integrated transport network which includes the Potong Pasir and Boon Keng MRT stations.
A freehold development, the strong interest stemmed from Jui Residences being initially sold at around SG$1,600 to approximately SG$2,000 per square foot. Jui Residences is located within the Urban Redevelopment Authority’s (URA) earmarked growth districts of Bidadari and Kampong Bahru areas. By 2030, another 100,000 residential homes are set to be built in that area, transforming the Kallang River into a lifestyle hub, with waterways, greenery and seamless park connectors. Please do read the full article here: Article in nst.com.my
Hopefully we can visit some show galleries soon
In Malaysia, we could not view new property show galleries at the moment. Stop talking about virtual tours yeah. A virtual tour is great to supplement the viewing after I have viewed and actually asked many questions to the sales people while being seated or even enjoying a latte. I am not going to relay on virtual 360 video and deciding to buy a RM920,000 property.
No need to keep having the rhetoric that developers no longer need sales galleries. If any of the developer thinks so, just be assured that I am not going to be one of your buyers yeah. In Singapore, they are slowly returning to normalcy and perhaps that’s why the property market is also getting hotter too. Good sign for us once our vaccinations reach their stage of close to 80%. Happy staying home mostly, for now.
Next suggested article: 30% increase in property price? The central bank better do something drastic