25 Jan 2017
Looking back, buyers have been picking up properties all over Singapore in 2016 but, some locations saw more activity than others. Areas with new projects launches tend to be hotspots. In particular, the three most popular locations with buyers were Districts 19, 9 and 18 in descending order. All of them are home to at least one new launch in 2016, Forest Woods and Stars of Kovan in District 19, Cairnhill Nine in District 9 and The Alps Residences in District 18.
Districts 9 and 10 have been very popular among the well-heeled as they are the most prestigious residential areas in Singapore, and only a short drive away from the Central Business District. The multiple luxury developments also mean that wealthy buyers will be able to find one which suits their needs. Ardmore Three, Cairnhill Nine, OUE Twin Peaks and Sophia Hills were some of the projects which were popular with buyers in 2016.
Photo: Sophia Hills
The city fringe, which offers a reasonable trade-off between the distance away from the Central Business District and price, has been seeing a steady stream of buyers. Sale launches in city fringe areas have performed well, with Sturdee Residences, GEM Residences, The Poiz Residences and Thomson Impressions being favourably received by buyers.
Residential developments near secondary employment clusters have also been on buyers’ radar. For example, buyers have been active near the North Coast Innovation Corridor, which stretches from Woodlands to Seletar and Punggol. Major commercial centres along the Corridor include Seletar Aerospace Park and Woodlands Regional Centre. Seletar Aerospace Park is home to more than 60 aerospace companies, and more than 10,000 new jobs are expected to be created. Woodlands is envisioned to be developed as the next regional centre after the Jurong Lake District and will be home to an estimated 100,000 new jobs.
Savvy buyers have been picking up residential units in housing estates surrounding these areas. Examples include The Wisteria and Symphony Suites in Yishun, Kingsford Waterbay in Hougang, and Riverbank @ Fernvale at Sengkang. Were you one of them?
