Since the release of cooling measures, the price for freehold condos has been at a plateau. The prices have not significantly dropped because of two reasons. One is that the prices for condos Rest of Core Central Region or in the suburbs have caught up over the years. Second, the properties situated in prime locations are still very much preferred by condo buyers.
Because of the increasing appreciation over suburb condo prices, the price margin between District 10 and OCR freehold condos has narrowed over the years. Data reveals that in late 2009, the 90% margin has decreased to 50% this 2014.
Analysts believe that the margin will not move any closer because of the location and luxury factors. Instead, the margin will likely widen up in the future term as condos outside the central region face supply pressure. With such, prime lands (residential) will become a scarce commodity.
In conclusion, analysts pursue that freehold condos in District 10 will reach the support level. This should be taken advantage by investors and invest over freehold condos in the said district.
One condo to check out in District 10 is Goodwood Residence. This project is developed by GiocoLand Group and beautified by WOHA Architects & ICN International Design. It has a land area of 24,800 square meters and a total of 210 units.
The unit mix of Goodwood Residence is as follow: penthouses, 4 bedroom deluxe, 4 bedrooms, 3 bedrooms and 2 bedroom units. Their sizes range from 1,100 sqft to 12,000 sqft. Tenure is freehold.