Most Singaporeans aspire to have property ownership in prime district of Singapore like Orchard/River Valley. However, with the revised property tax rates as well as restrictions in home loan, securing the 1st home in prime area might be very challenging for most Singaporeans The price gap between suburban condos and prime district condo can be easily $1,000psf difference! Suburban area is no longer deemed as inconvenient with the introduction of new MRT network like Cross-Island Line, Thomson-East-Coast Line which shorten travelling time to most part of Singapore by at least 10-15minutes. Sky Eden
Source: The Straits Times
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