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Thread: Prices of landed homes outside prime areas hit new high

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    Default Prices of landed homes outside prime areas hit new high

    Prices of landed homes outside prime areas hit new high
    By Mok Fei Fei | Posted: 27 September 2010 1726 hrs

    SINGAPORE : Prices of landed freehold units outside the prime districts have hit a new high in the third quarter of this year.

    Property consultant DTZ said prices of homes outside the prime areas inched up 1.7 per cent quarter-on-quarter to S$952 per square foot, surpassing for the first time the high of S$943 per square foot recorded during the 1996 boom.

    Meanwhile, landed freehold units in the prime districts of 9, 10 and 11 moved up 2 per cent on-quarter to S$1,611 per square foot, lower than the 3.3 per cent growth in the previous quarter.

    DTZ noted that the pace of price increase for the residential sector has lost steam.

    It said in a report that price growth across all housing segments slowed in the third quarter compared to the previous period.

    Similar to the second quarter, mass market homes led the way in the uptrend of prices in the third quarter.

    Resale prices of leasehold homes in the suburban areas increased by 2 per cent quarter-on-quarter to S$660 per square foot.

    This was weaker than the growth of 4 per cent in the previous quarter as prices continued to set new record highs amid increasing buyers' resistance.

    Luxury condominiums also saw a slower increase of 1.6 per cent on-quarter to S$2,630 per square foot.

    DTZ added that within the prime districts, the increase in average resale prices of freehold non-landed homes also slowed to 1.4 per cent on-quarter to S$1,513 per square foot.

    The consultant attributed this to well-heeled investors remaining cautious over the growth of major economies in the West.

    DTZ said the slow growth in prices is likely to come to a halt for the rest of the year following the recent implementation of government measures to cool the property market.

    Sales volume is also expected to be lower as sellers continue to maintain their asking prices while potential buyers hold out for lower prices.

    - CNA/al
    BE CENTRED BY ALL AT THE FRINGE OF THE CITY @

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    UP.. & UP.. & UP.. & UP..


    OASIS @ MULBERRY CHEMPAKA AVENUE Terrace House $3,888,888 2,076sf Land 1,873 May-13

    OASIS @ MULBERRY CHEMPAKA AVENUE Terrace House $3,608,888 2,076sf Land 1,738 Dec-12

    OASIS @ MULBERRY CHEMPAKA AVENUE Terrace House $3,508,888 2,076sf Land 1,690 Oct-12

    OASIS @ MULBERRY CHEMPAKA AVENUE Terrace House $3,288,888 2,076sf Land 1,584 May-12

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    wow! 1 year price increase by $600k

    but nice numbers... so many '8'

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    I went to view twice.. once in 2010 & once is 2012..
    Even TOP & their unit were empty also not desperate.. With the increasing in price.. yet their units still can move..

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    Maybe the developer is confident of the value of the place and so slowly push up the price. Good for the surrounding owners too.

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    Quote Originally Posted by Learner
    wow! 1 year price increase by $600k

    but nice numbers... so many '8'
    The developer insisted to have many "8" onto their selling price.. No wonder they "HUAT" all the way..

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    haha.... everyone Huat la..... the earlier buyers also happy

    i also see resale in the area. guess the earlier buyers cash out and huat too.

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    Up Up and Away for Prime Landed too.


    THE GREENWOOD 3,500,000 1,666sf 2,101psf Oct-11
    THE GREENWOOD 3,550,000 1,635sf 2,171psf Feb-12
    THE GREENWOOD 3,830,000 1,669sf 2,294psf May-12
    THE GREENWOOD 3,760,000 1,615sf 2,329psf Jul-12
    THE GREENWOOD 4,008,000 1,615sf 2,482psf Oct-12
    THE GREENWOOD 4,268,000 1,711sf 2,494psf Oct-12
    THE GREENWOOD 4,100,000 1,640sf 2,499psf Dec-12
    THE GREENWOOD 4,350,000 1,630sf 2,669psf Apr-13


    Each subsequent price is higher than the last done price since Oct 2011

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    oasis@mulberry 1 year increase 600k. District 13

    greenwood 1.5 yrs increase 850k. district 11

    maybe these 2 districts still hot. Anyone see any sustained losses in other districts?

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    My house worth $5M now, but if I sell it where do I live ? Not in a MM.

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    Quote Originally Posted by Pynchmail
    Up Up and Away for Prime Landed too.


    THE GREENWOOD 3,500,000 1,666sf 2,101psf Oct-11
    THE GREENWOOD 3,550,000 1,635sf 2,171psf Feb-12
    THE GREENWOOD 3,830,000 1,669sf 2,294psf May-12
    THE GREENWOOD 3,760,000 1,615sf 2,329psf Jul-12
    THE GREENWOOD 4,008,000 1,615sf 2,482psf Oct-12
    THE GREENWOOD 4,268,000 1,711sf 2,494psf Oct-12
    THE GREENWOOD 4,100,000 1,640sf 2,499psf Dec-12
    THE GREENWOOD 4,350,000 1,630sf 2,669psf Apr-13


    Each subsequent price is higher than the last done price since Oct 2011


    2669 psf for a 99y terrace????

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    Quote Originally Posted by thomaspaine
    2669 psf for a 99y terrace????
    Freehold not 99y.

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    Quote Originally Posted by Pynchmail
    Freehold not 99y.
    Thanks ....

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    Quote Originally Posted by thomaspaine
    Thanks ....
    103 years lease

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    Quote Originally Posted by tungsten
    103 years lease

    so it is 99 103 or FH ?

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    Quote Originally Posted by proud owner
    so it is 99 103 or FH ?
    Is 103 LH...
    http://www.fareast.com.sg/Residentia...Greenwood.aspx

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    The Greenwood with normal Landed title is Freehold.

    The Greenwood with Strata title is 103 years.

    Those 1600 square feet Greenwood are those with normal landed title with land area of about 1600 square feet.

    Those with about 3000 square feet Greenwood are those with strata title.

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    Quote Originally Posted by Pynchmail
    The Greenwood with normal Landed title is Freehold.

    The Greenwood with Strata title is 103 years.

    Those 1600 square feet Greenwood are those with normal landed title with land area of about 1600 square feet.

    Those with about 3000 square feet Greenwood are those with strata title.
    Ya you are rite..
    This FEO very smart..

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    the cluster houses are sold as 103 year lease. the landed ones WERE sold as FH.




    Quote Originally Posted by proud owner
    so it is 99 103 or FH ?

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    Quote Originally Posted by bargain hunter
    the cluster houses are sold as 103 year lease. the landed ones WERE sold as FH.
    but 4.something mil for an inter terr

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    Quote Originally Posted by hutsutau
    but 4.something mil for an inter terr
    u need a sweet talking agent to con vince you its the best value

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    And rent out at <$1500 per month like the recent tenants of a Semi-D in the news lately?

    Quote Originally Posted by hutsutau
    but 4.something mil for an inter terr

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    Quote Originally Posted by teddybear
    And rent out at <$1500 per month like the recent tenants of a Semi-D in the news lately?
    can share link?
    I am rich in debts...

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