Property market turns bullish

The property market has turned to bullish. On today's newspaper, analyst estimates that the market will rise by 12% to 20% this year. It is said that the price index of private residential properties is now close to that of the previous peak in the 2nd quarter of 2000. On HDB resale market, it is reported that the index increases by 3% as compared to last year (or 1.3% quarterly) but the number of transactions falls. It remains positive and is estimated to rise by 5% annually.

Advertised on today's LianHe ZaoBao, Botannia is launched this weekend at $680 psf.