Completion of Downtown Line 2 bolstered home prices

The completion of the long awaited DTL2 for the central and northwest region in Singapore has led to the rise in home prices near the stations. Also informally known as the Bukit Timah line, the average prices near the stations rose 4.5% over the last quarter compared to Q3 2015. Based on the past 2 years trends, the average prices has risen 3.58% though the URA’s property index dipped by 7.6%. Projects that have seen increased buying interest include Eco Sanctuary @ Chestnut Avenue, Kingsford Hill view Peak in Hillview Rise and Skywoods in Dairy Farm Heights. Other projects in the CCR region like Robin Residences seems to be going strong as well.

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