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Will One Tree Hill Collection at former One Tree Hill Garden cross $3000psf? Price is not release yet, but likely it will cross $3000psf. Will it be overprice at this price range? Property can be an asset or liability if the property price goes against you or if you have problem selling.

Property Price Bottoming out or Stagnant before further dip?

Well, if you realise, price has been dropping in the core central region since 2013 when government start implementing Additional Buyer Stamp Duty (ABSD) and other cooling measures like SSD etc. However, price in Singapore property market reverse trend move upwards especially since 3rd quarter of 2017. Is this the start of further dip or is this a sign of property prices bottoming out and turning into a reverse trend?

As we are currently in 2nd quarter of 2018, property price still in the uptrend which can be a good indication property prices set to bottom out and reverse into uptrend. New home sales transactions also picked up strongly. Those above $5 million mark also seen good take up rate, with more than 50% taken up my foreigner that include China, Malaysians, Indians and Indonesians.

Freehold property is hard to come by as government only sell land in 99 years leasehold. The only way to get freehold property is via collective sales of existing property like in One Tree Hill Collection which is at the former One Tree Hill Gardens. Freehold Property often cost 20% more than a leasehold property.

Singapore, being a “little red dot” on the map may not comparable to many countries in a huge land, but it does have its advantage being a “little red dot”. That is, its easy to manage and also has this issue of “lack of land” which contribute mainly to the increase in property prices. Most of the land sales you will see a record bidding due to lack of land supply, influx of cash rich foreign developer and also developer being low on land bank. Thus developers can only bid higher and higher as they compete with each other.

Collective sales pickup up in activity? So is the price. Cairnhill Mansion asking for $2,101 psf ppr, new land sales at jiak kim street hit record high at $1,732 psf ppr which hold the support of property prices as cost goes up too hand in hand. Cash rich buyers from all the collective sales development on the market further support the demand and supply that support the sales of One Tree Hill Collection for investors who wants to profit from the upturn in property prices in the core central region.