Following the transformation of the Punggol and Sengkang districts, the area has experienced significant population growth and is now among the most densely populated regions in Singapore, home to over 500,000 residents. To accommodate this surge, numerous facilities and amenities have been developed. As a result, District 19 has become one of the highest growth and frequently transacted real estate markets in the country.
Growth Trend
Based on the charts provided, it’s evident that property prices in D19 have risen substantially since the onset of their transformation, and the trend continues to be upward. As compared to the OCR (outside core central region) D19 continues to perform other district
WHERE ARE THE FUTURE AREAS OF TRANSFORMATION?
- Changi Region
- Greater Southern Waterfront
- Jurong Lake District
- Kallang River
- Paya Lebar Airbase
- Punggol Digital District
- Rail Corridor
- Woodlands Regional Centre
Seems like there is transformation happening all over Singapore. From the East to the West. But which area to really buy into if you are investing in a property?
Although transformation is good for Singapore. Buying a property really depends on your investment horizon and your final objective.
For e.g. Buying into Greater Southern Waterfront would definitely guarantee you profits but not within the next 3-5 years as the transformation would take at least 10 years to materialize. So if you are looking for something more immediate to flip this is not something you would want to consider because your cash would be stuck in the property for quite some time.