Owning a property in prime area will no longer be a popular choice as property prices are inching up year after year. Especially with the revised property tax rates, cost of owning a property in prime area will be higher. With improved and enhanced MRT network across Singapore such as Cross-Island Line, Downtown Line, one can almost travel to any parts of Singapore very easily and with shorter traveling time. Hence, there is a upward trend of property prices in the OCR due to lower capital outlay. Riviere
Source: The Straits Times
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