Home buyers willing to pay more for integrated projects

Park Place Residences by Lendlease fetched an average price of $1,806 per square foot in its launch year.
Park Place Residences by Lendlease fetched an average price of $1,806 per square foot in its launch year.PHOTO: ST FILE

Convenience, scarcity among reasons cited; price premiums can go up to 19%: Report

Convenience is king these days with home buyers zeroing in on developments that have retail shops and MRT access.

Such buyers have been willing to shell out premiums of anywhere between 7 and 19 per cent within the launch year for such estates, compared with new sales of leasehold projects in their district.

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A version of this article appeared in the print edition of The Straits Times on October 17, 2018, with the headline 'Home buyers willing to pay more for integrated projects'. Print Edition | Subscribe