After another round of cooling measures imposed by the Singapore government on 5th July 2018, one may ask if it marks the downturn of Singapore real estate market. Singaporeans and investors are not new to cooling measures imposed by the government to reign in the property market in the face of escalating prices, even though we are considered a “free market”. Many analysts and experts argued that Singapore’s property market should be free of intervention from the government and rely on market forces to correct the market, but at times, it seems that the correction may only come at a time when too many things are at stake which will affect the economy badly, therefore prompting the government to intervene before things got out of hand. The world has learnt a very big and hurting lesson from the Lehman Brothers crisis in 2007 – 2008 not to repeat it again.
The property landscape in Singapore is still very robust, and stills a very viable asset class for investors or home owners to park their money in, even with the increased in Additional Buyer’s Stamp Duty tax, because if you compare to Hongkong, Singapore real estate is still considered very cheap. Hongkong and Singapore are very similar, but the difference in the real estate price is stark. Both countries are almost similar in size, though Hongkong is slightly bigger, both are financial hub, with good transport infrastructure, sound monetary policies and stable government, and yet Singapore’s property prices seem to have a lot more room to grow when we compare it to Hongkong.
Investors and home buyers alike might want to consider Jade Scape condo situated in Shunfu as an investment and a place to call home. It is a 99 year leasehold development by Qingjian Realty, and is the former Shunfu Ville, a privatised HUDC, bought over by the developer via a collective sale in 2016. This is a very rare piece of land, as there hasn’t been many new condo launches in Shunfu/Bishan area, and that made Jade Scape a prized commodity. One of the major selling point of this project is that Marymount MRT (Circle Line) is only 200m away, and that the future Upper Thomson MRT under the Thomson East Coast Line is only about 600m away.
Jade Scape Singapore is extremely well located in the central of Singapore, with transportation being boosted with the proximity to 2 MRT Lines within minutes walk. It is within 1km to Catholic High School, very near to reputable institutions like Raffles Institution, Raffles Junior College and Ai Tong School. Jade Scape price is expected to be reasonable, about $1,700psf to $1750psf, and it features a mix of 1 bedroom to 5 bedroom units.
For more information, visit: https://www.jadescape-marymount.com.