D19 NEW LAUNCHES IN 2020 AND BEYOND

Great news we are still in a Buyer Market for 2020 with 40 New Launches this year in Singapore. Should you be waiting till 2021 and beyond before going for your next property move? Will there be even more launches and lower price properties? 

Not all Districts will be having New Launches in 2021 and beyond. District 19 particularly will only have OLA Executive Condominium in 2020 and there's no other upcoming launches beyond 2020 at the moment. 

SUPPLY VS DEMAND

Graph 1

DECREASE SUPPLY VS CONSTANT DEMAND

With no new supply coming into the market, the current District 19 supply will dwindle over the constant Demand.

Based on the simple economics graph (Graph 1) shows that the Supply decreases thus causing an increase in Price and a decrease in Quantity.

Should we waiting till the Price to increase or when there's enough Supply for us to make our selection?

DECREASE SUPPLY VS INCREASE DEMAND

What happens if there's a increase in Demand with the dwindling of Supply?

The economics graph (Graph 2) shows a decrease in Supply and an increase in Demand resulting in an obvious increase in Price. But it is hard to determine how the Quantity has changed.

Similar to the Constant Demand, Price will set to increase, should we be waiting?

Graph  2

Graph 3

DECREASE SUPPLY VS DECREASE DEMAND

What happens if there's a decrease in Demand with the dwindling of Supply?

 

Both the Supply and Demand are decreased in the economics graph (Graph 3) thus decreasing the Quantity but leaving it hard to determine if the Price has changed.

 

Price will likely remain flat with slight deviation during the period.

In summary, with the decrease in Supply regardless of the Demand, Price will either remain flat or increase.

 

Is it risky to proceed now?

D19 NEW LAUNCH BALANCE STOCK

With no New Launches coming up in 2020 and beyond, let's look at the balance stocks in District 19 at the current moment.

Do take note that Only 3 Projects have slightly above 50% of stocks available while the rest left around 20%.

District 19 Balance Stock

The Florence Residences have choice units for selection.

Take advantage of the Supply now before it dwindles and Price Increases.

D19 NEW LAUNCH PRICE COMPARISON

The Florence Residences is one of the most affordable New Launch in terms of price per square foot (psf) and quantum among projects in District 19. With the low entry price, it would have a better potential growth and lower risk as compared to the other higher priced projects in the district.

District 19 Price Comparison

When you decide to sell your unit in The Florence Residences?

What would be the risk as compared to the other New Launch that had bought higher than you?

2019 © Copyright Riverfront Residences | SRI Pte Ltd L3010738A | Edmund Yong R047398J

This site was designed with the
.com
website builder. Create your website today.
Start Now