Flexibility and practicality in Singaporean homes
Dora Chng, the General Manager (Residential) at GuocoLand, recently gave her thoughts on the performance of Singapore private property market for 2022 and what we can expect in 2023. Despite the introduction of cooling measures and a less optimistic global outlook, the market has remained strong and resilient. While there was a decrease in new property launches, last year's launches sold well, and demand for residential investments in Singapore is still high, supporting current prices. Singapore is expected to stay resilient due to the steady influx of wealth and its safe-haven environment.
Dora also shared some exciting ideas that GuocoLand is implementing to attract more buyers for their developments. For instance, they have introduced flex rooms in all their two to four bedroom units in Lentor Modern that can be used as a nursery, playroom, guest bedroom, study room, home office, gym, or even a workshop. Additionally, they have incorporated duplex units in Midtown Modern and Midtown Bay, providing ample space for home entertainment while preserving the family’s privacy.
She advised local buyers to exercise caution and gather a lot of information before purchasing any property. They should consider aspects such as the design of the development, unit and layout flexibility, and the convenience of common areas such as supermarkets, childcare centers, and transportation. GuocoLand’s innovative ideas cater to the changing lifestyle needs of homeowners while offering comfortable and practical living spaces.
It’s high time for property developers to implement effective anti-money laundering requirements