Can anybody give examples of capital appreciation witnessed over the years from 2003 onwards till now? For example, which development, market price then and market price now for the same type of units within the same development. I find that it is more meaningful to look at the actual price appreciation of a particular unit rather than price index or price psf of similar condos or new launches.
I have looked at some price index and the compounded appreciation is something like 10% per annum over 7 years from 2003 till end 2011. This price index could be derived from HDB or private condos (I am not sure) but I am more interested in private condos rate of appreciation as I think it is more accurate because of less government intervention.
Thanks a lot.