National Day Rally 2022: 5 key highlights that will impact the property market

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The National Day Rally Speech for 2022, like the past two years, has kept a cautionary tone. There’s not much in the way of optimism right now, not with geopolitical tensions at an all-time high, and the world having barely recovered from Covid-19. Nonetheless, plans are in place; and along with it, there are some potential implications for the property...

The National Day Rally Speech for 2022, like the past two years, has kept a cautionary tone. There’s not much in the way of optimism right now, not with geopolitical tensions at an all-time high, and the world having barely recovered from Covid-19.

. As for private, this could be between 40 to 70 EC and condo launches, assuming they fall between 500 to 1,000 units.put up the plans In addition, the relocation will provide space for more amenities like shops, eateries, parks, etc. This can mean a substantial upgrade to the surrounding estates as well. In particular, there are plans to repurpose the existing air base runway as a “green spine”, or a communal area. The illustration from URA does show a “Runway Boulevard”, which is likely a reference to this stretch.The work on Changi Airport’s Terminal 5 is going ahead, with the pandemic now winding down.

Much has already been said about the GSW, but to see the size of what has been left behind as the port moves is quite something else – you really get the sense of how much this place will transform over the next few years.The PM’s speech warned of potential instability from the Russia-Ukraine war, and the tension in Sino-US ties.

When Singaporeans feel the pinch of day-to-day expenses, it becomes tempting to stop servicing home loans in cash. As such, we do think more Singaporeans will switch to CPF to service their home loans, or a larger portion of their home loans.

 

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