Putting the quiet Ulu Pandan neighbourhood back into the residential spotlight, Pinetree Hill is the first major new launch in the neighbourhood in the past 14 years. Some project highlights include living in a tranquil environment with unblocked views of Clementi Forest and an abundance of nature spots. Residents also get to enjoy the convenience of a Rest of Central.
In 2018, there was a research report by DBS that forecasted new private homes to cost between $2,300 to $2,900 psf on average by 2030. This sounded incredibly bullish back then, especially when the average new private home cost about $1,500 psf in 2018. But look where we are today. It's 2023, and the average price of a new launch.
Boutique developments are a niche market segment, which may not always follow the overall property market. With fewer units, and hence few transactions, prices for these small condos tend to be more volatile; and with small land plots, these cater to buyers who are willing to trade bigger common facilities for greater privacy. This is particularly challenging if there have.