Royal Hallmark - Property players less optimistic in Q3, expecting 'silent outlook' for suburban residential market (part I)

Royal Hallmark - Property players less optimistic in Q3, expecting 'silent outlook' for suburban residential market (part I)

Royal Hallmark offers the finest in modern comfort and heritage charm. Its location in the land of Katong carries with it a lot of history as it is officially a land of Eurasians. With the continuous development of the area, Katong is now well connected to modern living amenities such as shopping centers and supermarkets in the vicinity of Marine Parade and Paya Lebar.

Property players in Singapore turned more pessimistic in Q3 2022, with economic clouds gathering even as prices continued to rise and new residential openings recorded strong sales. strongly in recent months. According to a survey by the National University of Singapore (IREUS) Institute for Real Estate and Urban Studies (IREUS), respondents expect negative future net balances in most real estate sectors, saving the hotels and serviced apartments, which recorded the only significant positive net futures. balance 68%. Its current net balance for Q3 2022 is 86%.

Royal Hallmark Condo Aeria View

Royal Hallmark is located between three metro stations: Paya Lebar MRT (EW8, CC9), Dakota MRT (CC8) and Marine Parade MRT (TE26). With three different metro lines easily accessible to residents, Royal Hallmark offers excellent connectivity. The apartment is also a short drive from the East Coast Expressway (ECP) to connect residents directly to the Central Business District (CBD).

The suburban residential sector recorded the lowest future net balance of -19%, compared to the current net balance of 35%. Next is the suburban retail sector with a future net balance of -8% and a current net balance of 38%; industrial and logistics sector with a future net balance of -5% and a current net balance of 46%; and commercial and high-tech space with a future net balance of -3% and a current net balance of 35%.

Current and future net balance percentages used to indicate current and future feelings, based on the difference between the percentage of respondents who chose positive and negative options during the survey consult.

Only two other real estate market segments, prime office and residential segment, recorded positive futures net balances of 11% and 3% respectively against their current net balances respectively. 54% and 30%. The main retail sector has a neutral outlook at 0%, from the current net balance of 43%.

Royal Hallmark brings 20 different amenities to its residents. Facilities range from the usual lap pool and lounges to more distinctive amenities such as an outdoor fitness corner and Jacuzzi. The facilities are spread over the ground floor of the project and also the top floor of the building. Inward facing apartments will have sweeping views of the lap pool.

Keep on taking a look at Royal Hallmark Gallery to contemplate the latest collection of the development!