La Casa is a 444-unit improvement on Woodlands Drive 16 in District 25, and was launched on the market as an government condominium (EC) in 2004. Again then, sentiment in Singapore’s property market was nonetheless shaken by the dot-com disaster in 2000 and the outbreak of SARS in 2003.
Whereas shopping for sentiment amongst Singaporean homebuyers was recovering when La Casa first hit the market, the sturdy worth progress that might outline the residential market within the late 2000s had not but materialised.
Towards this backdrop, the primary few EC tasks like La Casa had a troublesome begin after they entered the housing market. Furthermore, the worth trajectory at La Casa additionally went towards the grain by way of worth expectations for an EC.
Primarily based on transaction knowledge compiled by Stacked, the common launch worth at La Casa was increased than common EC costs, in addition to the broader District 25 (D25) non-landed residential market on the time. Total, its launch worth was
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