Demand for landed properties likely to be robust

[devilplate]

Frankly, I do not see it as chasing runaway prices. Rather, the landed prices have been undervalued all along and home buyers are starting to see the light (Developers saw the light a long time ago).

In the next down, how much can landed drop from the peak? 40-50% ? These are not exactly prime condo units that we are talking about here. Moving forward, how much more steam left in the landed bull? Its anybody's guess.

In a nutshell, I am speaking like those analysts; nothing useful.

applies to all other segments den....

smtimes i mentioned certain projects cheap for a reason....but others may find it to be undervalued gems....

[bullman]

applies to all other segments den....

smtimes i mentioned certain projects cheap for a reason....but others may find it to be undervalued gems....

. What can I say? "One man's meat is another man's poison? "

For some who are willing to overlook the "flaws", cheap units become undervalued gems. There are many projects as examples but I shall not go into that area, lest subjected to flaminology.

On a more serious note, I think 2011 is the year of the "landed" story. Check out the caveats in Jan and Feb for a more complete picture.

[devilplate]

. What can I say? "One man's meat is another man's poison? "

For some who are willing to overlook the "flaws", cheap units become undervalued gems. There are many projects as examples but I shall not go into that area, lest subjected to flaminology.

On a more serious note, I think 2011 is the year of the "landed" story. Check out the caveats in Jan and Feb for a more complete picture.

2010 biggest winner oredi goes to landed.....2011 again....OMG....i dun have any landed

[Santro]

Apologies for being blur. How do we check on the designation of non-landed from Masterplan 2008.

Thats very true. For the benefit of all,
1) One can check the road reserve line from SLA.
2) The designation can be obtained from Masterplan 2008.

From an earlier thread, I commented on the lack of due diligence by the buyer. Many think that buying a landed is akin to a condo.

Currently looking at D9,10 landed which mostly do not have RRL and purely 2-3 storey designated landed only.

[focus]

The very limited supply and high demand for Landed is akin to Gold. Gold at $1400 some say is biggest bubble but some say will go up to >$1500 and last week heard experts on CNBC said $2500 in due time. Similarly for landed, some say bubble, some say safe haven for $ while others are still dreaming of it. Economics 101...

Silver also.. They say it's fair value is gold/silver ratio of 30. So if gold is 2500 , then silver theorectically should be $83. If gold now at $1400, the fair value is around $43.. So silver still got room to run.. Everywhere there is a story for a bull.. and a bear... That's what makes investment interesting.. you take a side and your results shows whether you are correct or not..

[Duku]

TK area, in fact , most landed are are non designated landed ...meaning they can be converted to low rise condo



so check out before you buy

Double edge sword
On the flip side if you have a plot ratio . Potentially you can enbloc with neighbors to sell
Thus your potential value could easily be higher on a psf basis base on plot ratio
Eg destinated landed site 2000 sf at 1000psf =2 m
With plot ratio 1.4 at psf 1200 (assuming base on surrounding condo px) = 3.36m

[proud owner]

Double edge sword
On the flip side if you have a plot ratio . Potentially you can enbloc with neighbors to sell
Thus your potential value could easily be higher on a psf basis base on plot ratio
Eg destinated landed site 2000 sf at 1000psf =2 m
With plot ratio 1.4 at psf 1200 (assuming base on surrounding condo px) = 3.36m

yes you can be 'enbloc'

thats why so many bouquet condos in east coast area ... simply to much ..overkill

if you want a landed for own stay, then i would avoid those areas ..

[bullman]

Double edge sword
On the flip side if you have a plot ratio . Potentially you can enbloc with neighbors to sell
Thus your potential value could easily be higher on a psf basis base on plot ratio
Eg destinated landed site 2000 sf at 1000psf =2 m
With plot ratio 1.4 at psf 1200 (assuming base on surrounding condo px) = 3.36m

That is a really interesting point that is being brought up. Actually, when developers make offer to enbloc for landed, they will offer based on the plot ratio.

In this sense, owners develop the false impression that developers are offering much higher prices compared to the market, which is approximately 40% more, based on a plot ratio of 1.4.

Morale of the story: Get landed in areas with 1.8- 2.2 plot ratio. Those are the gems. Cat is out of the bag?

[proud owner]

That is a really interesting point that is being brought up. Actually, when developers make offer to enbloc for landed, they will offer based on the plot ratio.

In this sense, owners develop the false impression that developers are offering much higher prices compared to the market, which is approximately 40% more, based on a plot ratio of 1.4.

Morale of the story: Get landed in areas with 1.8- 2.2 plot ratio. Those are the gems. Cat is out of the bag?

aiya know this long ago already lah

[duckweed]

yes you can be 'enbloc'

thats why so many bouquet condos in east coast area ... simply to much ..overkill

if you want a landed for own stay, then i would avoid those areas ..

wa.... developers selling flowers now?

[proud owner]

wa.... developers selling flowers now?

my bad ...

[wind30]

yes you can be 'enbloc'

thats why so many bouquet condos in east coast area ... simply to much ..overkill

if you want a landed for own stay, then i would avoid those areas ..

agreed. If you want for own stay, 100% avoid those area.

terrible living environment. I mean if your neighbour wants to enbloc and force you to sell together with him, makes your life difficult... faint.

Or if you want to enbloc, neighbour don't want to enbloc. After all, after 1-2 rounds of enbloc fever, those who want to enbloc probably may already have. Those who don't want, die die will stay on....

not to mention all the condo buildings, overcrowded roads. super bad.

[land118]

agreed. If you want for own stay, 100% avoid those area.

terrible living environment. I mean if your neighbour wants to enbloc and force you to sell together with him, makes your life difficult... faint.

Or if you want to enbloc, neighbour don't want to enbloc. After all, after 1-2 rounds of enbloc fever, those who want to enbloc probably may already have. Those who don't want, die die will stay on....

not to mention all the condo buildings, overcrowded roads. super bad.

Agree, imagine next day, several houses along the same lane get enbloc to be built into a boutique condo. Once up, u now have more cars passing your house every morning & evening..., lane become a busy street. Wkend sometimes even worst, esp if your house is now next to condo, cars queue up from security entrance right up to your gate, while waiting to clear guardhouse...certainly a no-no if you are buying to stay..., suddenly doesn't feel like a landed anymore...gone is the exclusiveness that landed entails...

[devilplate]

Agree, imagine next day, several houses along the same lane get enbloc to be built into a boutique condo. Once up, u now have more cars passing your house every morning & evening..., lane become a busy street. Wkend sometimes even worst, esp if your house is now next to condo, cars queue up from security entrance right up to your gate, while waiting to clear guardhouse...certainly a no-no if you are buying to stay..., suddenly doesn't feel like a landed anymore...gone is the exclusiveness that landed entails...

but if buy for investment....can pray for enbloc windfall rite?

[land118]

but if buy for investment....can pray for enbloc windfall rite?

Yes, sometimes durian do fall$....

[Duku]

Agree, imagine next day, several houses along the same lane get enbloc to be built into a boutique condo. Once up, u now have more cars passing your house every morning & evening..., lane become a busy street. Wkend sometimes even worst, esp if your house is now next to condo, cars queue up from security entrance right up to your gate, while waiting to clear guardhouse...certainly a no-no if you are buying to stay..., suddenly doesn't feel like a landed anymore...gone is the exclusiveness that landed entails...

Agreed
Then again not ALL landed in such area are considered to be bad.
There are still pockets of gems there.
With the potential windfall, perhaps an 'upgrade' to a more exclusive landed area could be considered as well

[devilplate]

Agreed
Then again not ALL landed in such area are considered to be bad.
There are still pockets of gems there.
With the potential windfall, perhaps an 'upgrade' to a more exclusive landed area could be considered as well

very hard to fish out gems liao....many waiting for enbloc instead or ask high high when they noe got enbloc potential....

only chance to buy those gems is during next recession