How recession could affect property prices
It is highly unlikely that property prices will trend lower despite the US Federal Reserve raising its interest rate. With Singapore political stability, a low unemployment rate, a stable GDP growth and cooling measure to cool the market, property prices are expected to remain on a growth path in 2022. Elevated construction costs, manpower costs and logistic costs will result in higher selling prices. With the stable growth of resales price index for condominiums, demand for homes is still strong.
Sky Eden @ Bedok will definitely appealed to many of the HDB upgraders due to the low supply of Outer Central Region launches.
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