Singapore Real Estate Prices

What is the fuzz about Singapore's Real Estate prices and what variables are driving them up?

I wanted to know and wanted to look into it since I got a spare hour during the weekend. And here are the insights that I have, most of the properties that are high rates are located down the middle, where in most of the business sectors are located, that's mostly in Orchard Road or down Clark Quay area.

I also wanted to know what are on top 5 of the list which are the following:

• Draycott Park, Singapore (near Orchard Road and surrounded by Hotels)
• Bukit Timah Road, Singapore (mostly near schools and the night market)
• Boat Quay, Singapore (near the boat quay and restaurants)
• Emerald Hill Road, Singapore (lush apartments and lots of parking spaces)
• Wallich Street, Singapore (mostly office spaces)

ok so what other options do I have from the listings?

it seems that Condominium units are still the most part of it followed by Apartments and those with Terrace units (talk about premium options) and so If I had a lot of money to spend, it's definite to have it near the office area, have parking slots and have the terrace and space for guests. And because hotels are way much more expensive to stay at, we rather get some real estate space for the long term.

I wanted to run a model, but I wanted to have more visuals to understand the Singapore Real Estate Market.

I also got news that Supply and Demand were factors, during the Pandemic some units stopped development and tennants were trying to outbid each other to get space, driving real estate prices up. Which were good for the people who wanted to lease space.

On the other hand, it became stressful for those who were working in Singapore because they had to cope up with the rising costs of rental, aside from their other operating costs (e.g. food and education)

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Bert is a Technical Delivery Director who loves to dabble on data analytics and data science for a hobby. He also collects vintage pop items from Star Wars to Simpson Memorabilia.