Our Take
Due to shortage of land supply, land prices will be increasingly higher. Coupled with higher material and labor cost, these will establish a higher starting price for new condos in the future.
With OCR New Launches starting from S$2,151 psf, this will set a new benchmark price for new condos in the same region. There will also be a spillover effect instigating a higher start price for new condos in the other regions as well.
