Bukit Batok is expected to attract young families who favour living close to parks like Little Guilin, while continuing to enjoy the various amenities offered with Bukit Batok or Jurong East nearby.
This comes as the increased buying activity in the city-state boosted demand for housing loans, which account for 15 to 20 percent of the said banks’ total loans, based on the estimates of Jeremy Teong, analyst at Phillip Securities Research.
Analysts expect the Singapore economy to grow by 2.5 percent this year, unchanged from their previous forecast, according to a Monetary Authority of Singapore (MAS) survey.
After the 2010 to 2011 period, more banks began to offer loans for properties from lorongs 30 to 40, but anywhere below Lorong 30 was still a challenge