Over the past 15 years, I’ve had the opportunity to visit nearly 200 new launch projects, from mass market condos to luxury residences. This has given me a good grasp of market trends and an overall appreciation of the ever evolving property market in Singapore.
In recent years, there has been a great deal of focus on new projects in the Rest of Central Region (RCR) and Outside Central Region (OCR). But a slew of new luxury condos in the Core Central Region has fuelled a resurgence in demand for these centrally located projects, buoyed by an awareness among some buyers of the narrowing price gap between CCR and RCR / OCR projects.
We’ve seen strong take-up rates for several of these new projects, such as River Modern (90%), River Green (88%) and Newport Residences (66%), which have all performed impressively during their respective launch weekends.
Dunearn House will be the latest condominium in the CCR, and its launch will test if buyer...