Not only the widening price gap happening between HDB vs the private residential market, but in a recent article by DBS states;
Bull Case Would See Annual Private Home Demand of 17,250 units.
Based on our analysis, our projections for new home demand will come from (i) household formation, (ii) upgrader demand and (iii) foreigner purchases for investment.
The current en-bloc craze has seen developers investing close to S$34bn into the Singapore property market (S$26bn in en-bloc transactions and S$8bn into government land sales <GLS> programmes). With a total of 6,500 households displaced, the near-term demand over the next two years could rise above the historical norm.
Projected Base Population Growth Of 6.5 Million In 2030 Expected To Have Positive Impact On Private Home Property Market As Demand Is Projected To Remain Above Historical Average Of 12,000 Units Per Year.
PM me for more insight or a 1-1 presentation to understand why the property market is heading towards an unstoppable uptrend.
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