Upgrading From A Condo To Landed Property,
A Possibility Or A Dream?
Do you know between 2007 to 2021, landed private property prices of all tenure have grown by a whopping 109% whereas non-landed private property prices grew by a more modest 54%?
The difference is even more apparent when we compare the freehold properties of landed and non-land. The landed property segment grew by 123% while non-landed private properties rised by 49% in value.
What makes landed properties so special? It is simply a case of supply versus demand. Landed properties has always been held as the ultimate end goal in property investment. The feather on your hat. Regardless the economic situation, there will always be a pool of ready landed buyers hunting for their dream homes. This makes some well heeled investors akin landed freehold properties to gold, their safe haven in times of economic turmoil. Its scarcity in Singapore ensures that landed properties will always retain its value while public and private non-landed residential housing soar in quantity.
What to know more? Contact me and I will be happy to share further.
Semi-Detached
Semi-detached housing are usually conjoined buildings with a common wall between them. These have a minimum plot size of 200 square metres and a maximum site coverage of 45%. They also have a minimum plot width of between 8 – 10 metres.
Terrace
Terraced housing is usually a row of houses – of at least 3 units – with 2 corners. Corner terraces are often of a higher value because of the slightly larger frontage of 8 metres. These houses are characterised by shared common walls between houses.
Cluster Landed
Cluster housing is a hybrid between landed and condominium. A cluster house is designed to combine the privacy and spaciousness of landed properties, and the convenience of condo-like facilities. Cluster developments can be terraces, semi-detached housing, bungalows, a mix of these and share facilities within their developments
Bungalow
Standalone from other houses, this is one of the largest types of housing in Singapore. A bungalow outside a Good Class Bungalow (GCB) area has a minimum plot size of 400 sqm and a maximum site coverage of 50%, whereas a bungalow in a GCB area has a minimum plot size of 1,400 sq m and a maximum site coverage of 40%.
"Prices of non-landed properties rose 3 per cent in the final quarter of the year, said URA, taking the total increase for 2020 to 2.5 per cent."
whereas "For the whole year, prices of landed properties were up 1.2 per cent."
Do you SEE the OPPORTUNITY?
This is a chart tracking Singapore Landed Residential Property Price Index from 2009 to 2020.
Notice how steep the price index grew in 2010 right after Singapore exited the recession of the Global Financial Crisis in 2008 - 2009.
Can you see the opportunity now?
Do you know what is the MOST important consideration for your financial assessment?
It is not TDSR
Hello Reader, I am Cleo your real estate solution provider. I believe the job of an agent is beyond just turning up for viewings. A good realtor takes time to understand you, anticipating your needs even before you realize them yourself.
Please click here to learn about me and my business values. You can also know more about my services here.