| Property prices are not likely to feel much impact now that the winner for the integrated resorts has been announced.
Analysts say that's because any rise in Singapore property prices was already priced in.
Prices of property in the vicinity of the Marina Bay integrated resort are not likely to move much, now that Las Vegas Sands has won the bid for the development.
According to property analysts, the market has already factored in any possible major movements in prices.
Nicholas Mak, Consultancy & Research Director, Knight Frank, said: "The priced-in factor came in when the plans are more firm on the IR. That would be roughly about a year ago. The recent announcement of the award of IR is just another step. In a way, it is expected so there is not an expected increase in home prices."
Analysts say it is also hard to pinpoint just how much the integrated resorts contributed to property price increases over the last year.
This is because there are other favourable economic factors such as a recovering economy, more jobs and the new downtown in the works.
Analysts also say the integrated resorts did manage to put Singapore properties within the radar of overseas investors.
Mr Mak said: "Singapore is now becoming a more hip place, a more happening place. A place where there can be more fun with more vitality. That puts Singapore on the map of some investors."
And that includes other areas which may have traditionally been overlooked.
For residential properties, those on that side of the bay, such as Pebble Bay and Tanjong Rhu are gaining popularity both because of spillover rental demand from the districts of 9, 10, 11 downtown and also because of their future potential for better ferry and road links to the Marina South area. - CNA/ch
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