2 Answers

Hello!

Good day to you!
I'm Daniel Tan from PropNex.

Prices in the real estate market is largely determined by supply and demand factors. There is a steep rise in rental and sales prices in the last 24 months. Hugely due to limited supply and higher demand for real estate in Singapore.

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Please always feel free to contact me for a non-obligated discussion on how I can assist you with your real estate needs.

May you have a wonderful day ahead.

Best Regards

Daniel Tan
PropNex Realty Pte Ltd

(+65) 8811 7744 
daniel.tck@propnex.com
www.danieltanpropnex.com
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Dear Vetri,

Yes indeed. Price movements are largely influenced by the supply and demand of units available. With Covid-19, it has resulted in delays for many sectors and the construction sector is deeply impacted where schedules have fallen way behind therefore many home buyers have no choice but to rent in the interim while waiting for their properties to be completed before they move in. This has caused great competition to the rental market and resulted in rental price hitting record high. We are expecting this trend to last for another year or so.

Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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