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.
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.
With an integrated transport hub, and multi-functional mall, it is a strong possibility that HDB flat prices in Yishun have the potential to appreciate over time.