In the next 2 years, the FH market might see a drought in new launches. So, what's the impact on FH property prices?
Check out the upcoming Freehold successful enbloc projects launching this year and next. They're mainly smaller scale projects, and after that, FH projects might be a rarity. But one thing's for sure, pricing will be on the rise.
Take, for instance, Island View condo, now under enbloc tender. Compare it to Flynn Park in the same location enbloc in 2021: $1,623 psf ppr for Island View vs. $1,318 ppr for Flynn Park. That's just a 2-year time difference!