Land Prices in year 2018

Land Prices are going up, so for those hunting for houses don't expect the prices to go down unless there is a major economic crisis.

Take for example the new site tender at Anchorvale for EC, developer now has to pay $576 psf,, this is a 20% increase for the previous tender price for Canberra site for $558 psf.

Based on the top bid, Colliers International estimates that the EC will have a break-even price of S$900-950 psf ppr and an average selling price of S$1,100 psf.

If an EC at OCR has to sell at $1100psf, what will be rhe prices for RCR and CCR? 

For more information on property related matters please mall me

Caleb seeto 

Propnex 

Email : sanpptyhunter@gmail.com 

Watsapp : 90074191

Wechat : SMS_72 

Read more at https://www.channelnewsasia.com/news/singapore/ec-site-at-anchorvale-crescent-gets-7-bids-with-the-highest-at-s-10722140