The residential property sector in Singapore has been witnessing a buzz that is not only pushing prices and transaction volume up, but also making more people interested in property investment since it is seemingly recession-proof.
If you are looking into buying property and are not sure which residential estate has the greatest potential, keep reading because we’ve shortlisted three of the hottest residential estates that you should look out for during Q3 2021.
Residential Estates To Look Out for in Q3 2021
Our top picks for residential estates with high potential in Q3 2021 goes to:
- Sengkang
- Hougang
- Tampines
These three estates are located in the Outside Central Region (OCR) which has always been a popular choice for homebuyers. In a recent release by Urban Redevelopment Authority (URA), it was reviewed that the price index for this region has hit 185.3 in the first quarter of 2021, ahead of the Core Central Region (CCR) at 133.2 and the Rest of Central Region (RCR) at 170.4.
Our evaluation of the shortlisted estates is not solely based on price index, we have also assessed the resale potential, upcoming Build-To-Order (BTO) launches, and possible URA development plans that will impact the vitality of these residential estates.