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Price rises likely as homes near completion: Experts

Greater certainty attractive to buyers but upside not guaranteed: Experts

Published on Oct 20, 2012 6:00 AM
 
An artist's impression of Concourse Skyline in Beach Road. It is expected to be completed by the end of next year. -- PHOTO: HONG FOK CORP

Property buyers love to see their new home or investment near completion. But what does it mean for prices?

Experts say that buyer interest in some residential projects slated to be completed within the next year has surged. Prices have risen in tandem, they add. But they warn not all projects enjoy this lift as owner-occupation nears.

Various factors such as the quality of the project, or the nearby amenities, can play a part in just how much upside is likely.

Still, as a general rule, they say that prices tend to rise at projects closer to completion as the physical occupational value of the property is closer at hand.

 
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