Choices | A lot down | Somewhat down | Stable | Somewhat up | A lot of increase |
Agricultural land | |||||
Urban land | |||||
Office | |||||
Shopping | |||||
Industrial properties | |||||
Hotels | |||||
Resort properties | |||||
Rental housing & rental apartments | |||||
Owner-occupied apartment or condominiums | |||||
Detached houses, rowhouses or low-rise residence | |||||
Residential land subdivision | |||||
Retirement living |
2022
New normal will be the use of commercial space, homes are not a residential address but also slowly doubling as a commercial address for many business operations. The congestion in the shops will become less, therefore those who were squeezing in one shop will be forced to get another shop.
Retirement should be more on ranches... The market should less decentralised. We should also consider a more mixed use of property
Developer, Appraiser / Valuer
Reason: There is tendency to speculate an increase with less or no matched sales. The real sales tend to come from depressed / reduced offer other than the real high asking price.