We have our regular contributor CK here who writes and provides good insight into the industry he has expertise on.
I am learning a lot just by exchanging emails and chatting with him so it’s another pleasure of mine for him to provide his thoughts on the recent development ongoing with our property rush.
One of the most significant development in the local real estate market in recent memory is the fully sold out of EC at Hougang, Hundred Palms in seven hours in 22 July 2017. See first blog post here on the quick sales cycle and high return on equity the developer is likely to enjoy till the project obtain TOP.
The local property market has not seen a fully sold out (or almost fully sold out EC) since Lake Life EC in Jurong back in October 2014. The high demand (yes there are many disappointment buyers …