Location and affordable pricing are still the main factors in real estate.
Knight Frank’s Mr Tay says: “Buyers should always remember first principles – good locational attributes are key, although there must also be reasonable pricing match.
Mr Lee of StreetSine Technology Group adds: “Prospective buyers will prefer residential projects that are priced more favourably over other neighbouring developments.”
The most important feature that Singaporean buyers favour in on property – be it for own occupation or investment – is proximity to a transport hub.
Says Mr Lee: “This is evidenced from residential projects that enjoyed strong take-up rates last such as Forest Woods and Lake Grande. The projects are all located in close proximity to MRT stations, which provide good transport connectivity to other parts of the island.
Unsurprising, being near good other lifestyle conveniences are also deal makers.
An example is CDL’s mixed development The Venue Residences and Shoppes. Situated at the junction of Upper Serangoon Road and MacPherson Road the development is a short drive from and great accessibility, being close to major expressways such as the Expressway, Central Expressway and Kallang-Paya Lebar Expressway. It is also a three-minute stroll away from Potong Pasir MRT station, says a CDL spokesman.