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.

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OrangeTee

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