JLL reported that one family needs to spare almost 5 years of their income just to buy a decent regular property in 2016 in contrast to 2010 which is 7.3 years.
This is less costly compared to Hong Kong, London, Tokyo and Sydney, where 8.5 to 18.1 are the multiple ranges.
Comparably, a record from DBS Equity Research explained that ratio of price to income around the city-state prevailed fairly stable over past years approximately from 5.6 to 9.3
” Utilizing the price-to-income ratio for the HDB five -room occupants as a substitute for upgrader request uncover that the said ratio is steady at 9.3 and 7.3, proportionately, same to levels of 2003.”
The ratio runs at 5.6x to owners of condominium, the lowest ever since 2003. Though the prices go up by five percent CAGR across 2018-2019, per 2016 income record, the price -to- income ratios maintained very reasonably.”
Additionally, the DBS Equity Research is positive that for rooms of property developers to increase home prices while the buyers not aware that price is actually not affordable, due to the existing present price-to-income ratio which is close to levels as recorded in 2003. Also, the multiples in Singapore are cheaper than in other prime markets.
Start your New Year happy, healthy and prosperous in Infinium @ Kovan! With this new residential property, everything falls into place for your 2018 and beyond.
Infinium @Kovan is a kind of cluster or strata landed homes perfectly developed by the number 1 developer of Singapore, the IG Development LTD. Infinium @ Kovan sits in District 19 of 23 Richards Avenue, Singapore. This is a freehold development, which anchored 14 houses, wherein for each unit was provided with 2 car park areas which are really exclusive to the residents. The TOP is expected to be on April 30, 2018, and the completion date is April 30, 2020.
This property defines privacy, exclusivity and comfortable living. The future occupants will benefit and enjoy the architectural technology advancement such as the private elevator, parking lots and the astonishing interior designs.
Infinium @ Kovan offers easy access to the MRT STations such as Kovan MRT Station, Pan Island Expressway(PIE), Serangoon MRT Station, Hougang MRT Station and Tampines Expressway (TPE). Basic necessity and household whims could never be an issue because it is just a few steps away to Wet Markets, Hawkers Centres, Banks, Supermarket, Fast food chains, restaurants and wet market.
It also helps promote and support quality global competitive education. This is evident in the presence of various standard great schools such as the Bowen Secondary School, Zhonghua Primary School, Dimension International College, and Serangoon Junior College.
Begin your new year with a development full of positivity, and that is offered only in Infinium @ Kovan! Hurry, get your property now!