As noted in our article earlier this year, membership prices rose to
record levels, especially at the most on-demand clubs
However, we are now seeing early signs of prices dropping, and demand
weaking. This is likely due to both increased economic uncertainty, and
higher interest rates, increasing the cost of borrowing and the
attractiveness of other potential investments.
Sentosa, SICC, TMCC and Seletar continue to be the most sought after
clubs, in that order.
We continue to remind potential buyers that they should take note of
when each club’s current land lease
expires. One cannot assume that leases will be renewed as a matter of
routine. History has shown clubs having to close after a lease was not
renewed, and others where leases were only renewed for some of the land,
causing courses to have to be modified or closed down. As such, buyers
should always be prepared for either of these outcomes when choosing a