PROPERTY UPDATE - ITS LOOKING GOOD

• Holland Village, Marine Parade and areas just outside the city centre like River Valley, and Mount Emily are popular areas for singles to set up homes.
• Mass market property projects which are well-located - near MRT stations and malls - will probably see good take up rates.
• Luxury property agent Sotheby's International Realty is looking to enter the Singapore market to cater to the increasing number of wealthy people setting up homes here.
• According to a report by Citigroup, the number of new homes coming onto the market this year is expected to be only half the number of new households formed annually. The excess demand will drive up prices at the lower end of the private property market.
• The high-end residential property market is expected to do even better this year, after last year's 17.4% increase in the average capital value of freehold luxury apartments in the prime districts.
• Property entrepreneur Simon Cheong says that Orchard Road will remain Singapore's luxury residential district, despite the sky-high prices of recent Marina Bay projects.