Christine Sun, Senior Vice President of Research and Analytics at OrangeTee & Tie, predicts that 4-room PLH flats in GSW will range from S$500,000 to S$700,000.
On the other hand, she expects 4-room non-PLH flats in the area to be priced from S$600,00 to S$720,000.
“Prices of the new PLH flats may be close to or slightly higher than the launch prices of those at River Peaks and King George’s Heights. Prices may be higher as we may need to take into account inflation especially for projects that are launched a few years down the road. Some of the prices for PLH flats could be slightly lower than BTO flats as it takes into account the longer MOP period and more stringent selling criteria.”
As for the new condos, Sun expects prices to be close to or higher than the current transacted price at The Reef at King’s Dock. In Q1 2022, the median price of units in the condo has reached S$2,405 psf.