New private homes to cost up to S$2,900 psf on average by 2030: DBS report

DBS researchers forecast the average property prices will be in the range of $2300 to $2900 per square foot on average by 2030. This is due to the projection of Singapore’s population to hit between 6.3 million to 6.5 million by then. This will also mean that the average price of a private property in Singapore regardless of location will cost anywhere from $1.9 million to $2.5 million. RV Altitude, being in the Core Central Region of Singapore will be one of the first to enjoy most of the appreciation considering its extremely attractive entry price.

Source: todayonline.com

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