124 views

Supply of suburban integrated developments still low: analyst

Number of developments launched were only 19.

There is still a limited supply of suburban integrated developments which helped increase prices and rents of these assets, the property analyst, OrangeTee’s recent research showed.

Based on their report, of the 19 properties launched, eight are in suburbs or the Outside of Central Region (OCR). 

“In the OCR, six integrated developments were launched from 2011 to 2021 and constitute just 2.7 per cent of the total 226 private home launches (excluding ECs) during that period,” read the report.

In its outlook, OrangeTee said the supply of integrated developments will remain low.

However, the analyst said an upcoming integrated development to watch is Lentor Modern. 

“The project is expected to see healthy demand as this is the first integrated development in Lentor and a major condo launch in the area after many years,” the property expert said.

Meanwhile, OrangeTee said there is pent up demand as HDB upgraders  may seek to upgrade to a private condominium.

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Top News

7 in 10 unprepared for AI-driven cyberattacks
Only 38% said their organisation provided training on how to use AI whilst avoiding exploitation.
CCS overhauls passenger airline alliance framework
Airline alliance notifications are now streamlined into a three-step approach.
Aviation
Raffles Medical net profit falls 9.6% to $29m in H1
Its healthcare services division posted a 16% drop in revenue to $119.5m.
Healthcare