Singapore, with a population of slightly over 5 million is one of the smallest countries in the world, but this small country is probably one of the most outstanding countries in the world. History did not favour Singapore, a small fishing town founded by Sir Stamford Raffles of Britain that developed into one of the important trading hub of Asia. After World War 2, the people living in Singapore realised the importance of self rule, rather than relying on the colonial master to protect the country, and therefore, pushed very hard for independence that happened in 1965. Ever since independence, the citizen worked very hard to make Singapore a world class in many aspects, and today, Singapore is an investment haven for many. Real Estate investment almost takes the centre stage in this small country, for both the locals and foreigner as well, as Singapore is a very politically stable country with sound policies, strong and stable currency, very good transport infrastructure, and more importantly, a strong government that ensure that real estate market here is well regulated.
During the peak of real estate market in Singapore after the 2008 financial crisis, the market was rising way too fast and furious. The market was poured with too much liquidity from foreigners due to the quantity easing measures from Europe and the USA. The government was worried that property prices will go too high that it would become unreachable for Singaporeans to afford, and also the fear that asset bubbles will form, and therefore began to implement many measures to cool down the price appreciation of the property market. The aim is clear that the measures were not there to spiral the market down, but those measures were to slow down the unrealistic growth of property prices. The optimism of the real estate marketing was so scarily uncontrollable that the government had to pass a few rounds of measures in order to effectively slow the growth. But Singapore, being the darling for investors, local or overseas, continues with a healthy growth in terms of property prices and receives much capital injection all these while.
During this pandemic period, many would have expected property prices to decrease, but this nation’s real estate defies gravity and prices are pretty stable, albeit with a lower transactions. Many new condo projects are still launching, and one of them is Ki Residences, situated in Sunset Way area, along Brookvale Drive. Ki Residences condo is a 999 year leasehold condo project which is considered a rare gem to do the fact that most condos for sale nowadays are 99 year leasehold. Ki Residences Singapore land was bought enbloc by Hoi Hup Sunway in 2018, and this land is considered one of the biggest in that area. Ki Residences Sunset Way consists of 660 units in total, ranging from 1 bedroom to 5 bedrooms unit, with plenty of amenities for the residents to enjoy.
Ki Residences floor plan will be out closer to the date of launch in fourth quarter of 2020, and for more information, please visit https://www.ki-residencescondo.com/