One property agent noted that resale flats in possible Plus locations like Bishan have been going up in the past one to two years, even before the announcement on the new classification.
The prices for flats located near MRT stations or town centres are now higher by up to S$10,000 compared to before, according to industry insiders.
“They are trying to perhaps take a bit longer for the right price to come along or perhaps take a step to increase their price a little more to include that value into the price.”Ms Tay noted that resale flats in possible Plus locations like Bishan have been going up in the past one to two years, even before the announcement on the new classification.
The resale prices in upcoming Plus classified locations will be affected by the supply of new BTO flats, said Ms Christine Sun, senior vice president of research and analytics at property firm OrangeTee & Tie. “We saw some listings … indicating that it's the last chance, giving some sort of urgency,” said Mr Lim, adding that selling agents have suggested that the price of the flat being viewed may increase when the new classification kicks in.
“The supply is limited in the areas that we are looking at. So we also don't want to miss out on our dream home,” said Ms Marlis.