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mr funny
21-09-10, 00:06
http://www.straitstimes.com/PrimeNews/Story/STIStory_579929.html

Sep 18, 2010

Landed home prices up sharply

District 10 properties lead rise, increasing more than 40%

By Esther Teo


PRICES for landed homes have rocketed this year, with the prime District 10 area recording increases of more than 40 per cent.

The surging values have also sent records tumbling across the island as cashed up buyers jostle for real estate.

Two new price quantum benchmarks were set in May: A semi-detached home, 1, Lermit Road in Tanglin, sold for $12.3 million, while a terrace at 83, Emerald Hill Road, near Somerset, went for a record $11.8 million.

And last month, a terrace at 78, Emerald Hill Road sold for $7.3 million - a jaw-dropping record of $4,527 per square foot (psf).

Sales have been robust in the key districts of 19, 15, 16 and 28, but District 10, which includes Bukit Timah, Holland and River Valley, has outstripped them all.

CB Richard Ellis (CBRE) said the median price quantum of landed homes in District 10 shot up by 43 per cent from January to last month compared with the median price quantum for the whole of last year.

This is a stark reversal over the 16.5 per cent price drop last year compared with 2008.

District 16 - Upper East Coast, Bedok and part of Upper Changi Road East - was well back with a 15.6 per cent jump, while District 19 - Serangoon Garden and Yio Chu Kang - recorded a 14.5 per cent rise in prices this year.

District 15 - Katong, Telok Kurau, East Coast Road and Siglap - recorded a 6.4 per cent gain, while District 28 rose 6.1 per cent.

Last year, District 28 - Seletar Hills Estate, Luxus Hill and the Mimosa and Saraca areas - had the fastest growth, with prices up 34.3 per cent over 2008.

Experts say District 10 is tops because owners had the holding power and would not sell unless the price was right.

The roaring economy also meant that wealthy potential buyers were now looking for the best homes and heading to prime districts to find them.

Mr Steven Tan, executive director of residential at OrangeTee agency, said the sale of 99-year leasehold Sentosa Cove houses at more than $2,000 psf has set new benchmarks for prime landed properties. This has left owners clamouring for ever higher prices in a sector that already has a limited supply.

The recent property cooling measures could hit demand and transaction volumes over the next few months, although prices may hold up, say experts.

The managing director of RealStar Premier Property, Mr William Wong, said landed properties were often more resilient than condominiums in weathering economic cycles as their limited supply meant demand was always relatively high.

More PRs willing to pay higher prices were also going into the market, he said.

Mr Wong played down the possible impact of the cooling measures: 'There are not that many speculators in the landed housing segment. Most usually take a mid- to long-term perspective on their purchases as well and take loans of less than 70 per cent...so they will not be as affected.'

Mr Alexs Chua, managing director of property agency AC MacGyver, a specialist in landed homes, said prices have risen by about 20 per cent in areas such as Clementi Park over the past two years.

District 15 prices were also catching up with District 10, with a recent bungalow at Branksome Road selling at $1,497 psf. This was comparable with the prices in District 10, which ranged between $1,300 and $1,800 psf, he said.

'Parents are also increasingly willing to shell out high prices for properties located near renowned primary schools,' Mr Chua said.

CBRE's analysis of the Urban Redevelopment Authority record of caveats lodged found that 79 per cent of the 2,681 landed homes sold up to last month were to private home owners.

This is up from the 70.5 per cent over all of last year. Buyers with Housing Board home addresses made up the remaining 564 transactions this year.

[email protected]

xebay11
22-09-10, 14:34
Terrace for $7 million? Can buy detached in Siglap. I choose the detached.

You?

teddybear
22-09-10, 14:43
Depending on location. In your example, obviously I rather choose Terrace to that lousy Siglap place. :p Size just big enough for use enough already, what for have so big space but in lousy location? Might as well buy a bungalow in Iskandar?


Terrace for $7 million? Can buy detached in Siglap. I choose the detached.

You?

xebay11
22-09-10, 15:06
Have you seen the hill top bungalows at Siglap Bank with city views?

Compared to cramped and polluted Emerald location? There are much better landed locations in D9.

Well I guess that is your choice, I got nothing to say.

teddybear
22-09-10, 15:10
Frankly speaking I don't really care about views. All central part of cities (all over the world) have limited views to talk of, but their prices are :scared-1: that all those with best views cannot compare. I suppose location, convenience, amenities are the key to property prices?


Have you seen the hill top bungalows at Siglap Bank with city views?

Compared to cramped and polluted Emerald location? There are much better landed locations in D9.

Well I guess that is your choice, I got nothing to say.

xebay11
22-09-10, 15:59
Frankly speaking I don't really care about views. All central part of cities (all over the world) have limited views to talk of, but their prices are :scared-1: that all those with best views cannot compare. I suppose location, convenience, amenities are the key to property prices?

So now you say views are unimportant, hmmm looks like you have never been to Siglap Bank then, and seen those 3 story hill top detached homes some with rooftop / garden pools, basement and attic, city views.

If you have never been there, then I guess that says very much on your choice of your location.

I can see you prefering hot, cramped terrace house in the middle of hot, cramped, polluted Orchard Road.

teddybear
22-09-10, 17:47
How to compare those Siglap views to some seaside resort areas in Malaysia? (not to say Carribeans or some nice exotic resort islands)? Are those areas worth a lot? :D


So now you say views are unimportant, hmmm looks like you have never been to Siglap Bank then, and seen those 3 story hill top detached homes some with rooftop / garden pools, basement and attic, city views.

If you have never been there, then I guess that says very much on your choice of your location.

I can see you prefering hot, cramped terrace house in the middle of hot, cramped, polluted Orchard Road.

Rysk
22-09-10, 21:18
Compare Orchard & Siglap is like comparing $300k Merc S-Class & $300k Merc bus..
For me I'll choose S-Class lor.. haha:D

xebay11
23-09-10, 13:11
Compare Orchard & Siglap is like comparing $300k Merc S-Class & $300k Merc bus..
For me I'll choose S-Class lor.. haha:D

Geez how you compare like for like in terms of property instead of just location?

Truth is you can't really get very pleasant landed living in Orchard Road compared to Siglap. Maybe if you say Chatwsworth or Nassim area, your argument holds some water.

xebay11
23-09-10, 13:13
How to compare those Siglap views to some seaside resort areas in Malaysia? (not to say Carribeans or some nice exotic resort islands)? Are those areas worth a lot? :D

From this statement just shows that you have obviously never stepped into Siglap, yet you are just shooting off blindly, just admit it. You can't get sea views in Siglap landed properties.

Do a google map streetview on Siglap Bank and Siglap View.

devilplate
23-09-10, 13:40
in the first place its simply nuts to pay 4kpsf+ for landed in SG....unless got GOLD underneath....haha

how can land psf higher den air space?:confused:

Condorich
24-09-10, 04:48
in the first place its simply nuts to pay 4kpsf+ for landed in SG....unless got GOLD underneath....haha

how can land psf higher den air space?:confused:

Why not?

1 Land Space versus

Many Many Air Space.

and Can add Air Space (under new guidelines?)

It will take another NUT to pay more $. Perhaps a deal at $5k psf after sometime. Deep pockets buy to show and not to live. Live to show if you want to stretch it.

devilplate
24-09-10, 10:19
Why not?

1 Land Space versus

Many Many Air Space.

and Can add Air Space (under new guidelines?)

It will take another NUT to pay more $. Perhaps a deal at $5k psf after sometime. Deep pockets buy to show and not to live. Live to show if you want to stretch it.

7mil for a terrace....how to show?

based on ur argument, all landed prices r severely undervalued:p

teddybear
24-09-10, 10:25
Precisely that is why I said regardless of whatever view Siglap landed properties have cannot be better than those in Malaysia and even Carribeans. Those places are cheap despite fantastic views? Why? Location, location, location! So expect Siglap to be the same cheap even if it has fantastic views like those in Malaysia and even Carribeans. :p


From this statement just shows that you have obviously never stepped into Siglap, yet you are just shooting off blindly, just admit it. You can't get sea views in Siglap landed properties.

Do a google map streetview on Siglap Bank and Siglap View.

devilplate
24-09-10, 10:40
Precisely that is why I said regardless of whatever view Siglap landed properties have cannot be better than those in Malaysia and even Carribeans. Those places are cheap despite fantastic views? Why? Location, location, location! So expect Siglap to be the same cheap even if it has fantastic views like those in Malaysia and even Carribeans. :p

nice view will add probably 5-10% to the base value

Condorich
24-09-10, 10:46
7mil for a terrace....how to show?

based on ur argument, all landed prices r severely undervalued:p

I do not say that its a worthy buy. For that, you have to ask the buyer

Landed prices GCB going up/has gone up right?

:)

devilplate
24-09-10, 10:48
I do not say that its a worthy buy. For that, you have to ask the buyer

Landed prices GCB going up/has gone up right?

:)

MM landed below 100sqm up the most...MM virus is everywhr in every segment

hey any min size of a terrace landed?

land118
24-09-10, 10:55
MM landed below 100sqm up the most...MM virus is everywhr in every segment

hey any min size of a terrace landed?

check out URA website:

http://www.ura.gov.sg/circulars/text/dcdrhb_d0e10733.htm#d0e10741

devilplate
24-09-10, 11:00
check out URA website:

http://www.ura.gov.sg/circulars/text/dcdrhb_d0e10733.htm#d0e10741

tks...u live up to ur nick:cheers1:

Condorich
24-09-10, 11:04
MM landed below 100sqm up the most...MM virus is everywhr in every segment

hey any min size of a terrace landed?

The minimum plot width is 6 metre and minimum plot size is 110 square metres.

http://michael.sim.virtualhomes.sg/FileUpload/Agents/2944/Images/Landed%20Property.pdf

http://www.corenet.gov.sg/circulars/text/dc96-07.html

http://www2.nationproperty.com.sg/npp2/EF_REF_stp4.aspx

Have any new guidelines? Correct me if wrong.

devilplate
24-09-10, 11:06
The minimum plot width is 6 metre and minimum plot size is 110 square metres.

http://michael.sim.virtualhomes.sg/FileUpload/Agents/2944/Images/Landed%20Property.pdf

http://www.corenet.gov.sg/circulars/text/dc96-07.html

Have any new guidelines? Correct me if wrong.

min 80sqm according to ura

Condorich
24-09-10, 11:21
Good info

http://www.ura.gov.sg/circulars/text/dcdrhb_d0e62.htm

Master Link.

Gets smaller from 150 to 110 to 80 m2, depth remained the same at 6 meters.

xebay11
24-09-10, 13:38
Precisely that is why I said regardless of whatever view Siglap landed properties have cannot be better than those in Malaysia and even Carribeans. Those places are cheap despite fantastic views? Why? Location, location, location! So expect Siglap to be the same cheap even if it has fantastic views like those in Malaysia and even Carribeans. :p

Bro sorry but your analysis of property really CMI, you talk about prime properties in resorts like MY and Carribean? have you compared them with the other properties without the resort like views or atmosphere in the surrounding areas? They are vastly different in price, you cannot compare a beach front home in Malaysia with one in Singapore, you have to compare within the same country. Also unlike Singapore, beach front homes in MY may not be as high priced due to the availability of land.

And who says prime properties in the Carribean were cheap? Prime locations with seaviews are stunningly expensive in Bali, in comparison with the other non seaview properties in Bali.

Not only have you not been to Siglap, but looks like the furthest you have been is Orchard Road, beach front homes all around the world are among the most expensive, Siglap is my benchmark for landed resort like homes because of their FH status, hello....I suppose Sentose cove bungalows are cheap too right? but I don't really fancy that place due to accessibility and 99 lh status. So your arguments of best properties are in D9, specifically Emerald area, simply hold no water. Anyway I am also comparing lifestyle not just $ value.

I have lived in a small condo under 1000 sq ft in D9 with all the 'amenities' you have so coveted, walk everywhere to all the major malls, but I traded up by living outside of D9, to the East Coast, it is different and is much more satisfying due to the spaciousness of owning a much larger, 3000 sq ft landed property, this is gracious living, where the East Coast Park is only less than 2km away, safely and easily accessible by foot or bike via park connector, and not just any old place in East Coast Park but the best most happening stretch with all restaurants, fast food, hawker's centre, ski park, bike rentals etc, really making it the happiest place in Singapore, to jog, bike and dine.

I may be biased to Siglap but my point is this, is terrace house living really worth $7m in Emerald area compared to landed living elsewhere in Singapore? $3m maybe but $7m?

teddybear
24-09-10, 13:52
Ok lah, say your Siglap has fantastic view, sell at what price? The cramped Emerald area property with zero view sell at what price? You are saying all those people who cause the huge price differentials via real transactions made are nuts and stupid? I definitely won't as these "nuts and stupid" people can easily afford $7m without blinking eyes woh! Those not "nuts and stupid" keep calculating and calculating and can only afford somewhere in OCR and $1m+. :scared-3:


Bro sorry but your analysis of property really CMI, you talk about prime properties in resorts like MY and Carribean? have you compared them with the other properties without the resort like views or atmosphere in the surrounding areas? They are vastly different in price, you cannot compare a beach front home in Malaysia with one in Singapore, you have to compare within the same country. Also unlike Singapore, beach front homes in MY may not be as high priced due to the availability of land.

And who says prime properties in the Carribean were cheap? Prime locations with seaviews are stunningly expensive in Bali, in comparison with the other non seaview properties in Bali.

Not only have you not been to Siglap, but looks like the furthest you have been is Orchard Road, beach front homes all around the world are among the most expensive, Siglap is my benchmark for landed resort like homes because of their FH status, hello....I suppose Sentose cove bungalows are cheap too right? but I don't really fancy that place due to accessibility and 99 lh status. So your arguments of best properties are in D9, specifically Emerald area, simply hold no water. Anyway I am also comparing lifestyle not just $ value.

I have lived in a small condo under 1000 sq ft in D9 with all the 'amenities' you have so coveted, walk everywhere to all the major malls, but I traded up by living outside of D9, to the East Coast, it is different and is much more satisfying due to the spaciousness of owning a much larger, 3000 sq ft landed property, this is gracious living, where the East Coast Park is only less than 2km away, safely and easily accessible by foot or bike via park connector, and not just any old place in East Coast Park but the best most happening stretch with all restaurants, fast food, hawker's centre, ski park, bike rentals etc, really making it the happiest place in Singapore, to jog, bike and dine.

I may be biased to Siglap but my point is this, is terrace house living really worth $7m in Emerald area compared to landed living elsewhere in Singapore? $3m maybe but $7m?

proud owner
24-09-10, 14:20
Ok lah, say your Siglap has fantastic view, sell at what price? The cramped Emerald area property with zero view sell at what price? You are saying all those people who cause the huge price differentials via real transactions made are nuts and stupid? I definitely won't as these "nuts and stupid" people can easily afford $7m without blinking eyes woh! Those not "nuts and stupid" keep calculating and calculating and can only afford somewhere in OCR and $1m+. :scared-3:

recently a PH at monte carlo was sold at USD 305 mio

the owner bgt it after a fire some years back, renovated it and sold for 305 mio usd ...and made a profit of 299 mio usd

it has fantastic seaview

the buyer is from the oil state

i am sure there are better buys somewhere else
but these rich people really dont care lor

Condorich
24-09-10, 15:37
recently a PH at monte carlo was sold at USD 305 mio

the owner bgt it after a fire some years back, renovated it and sold for 305 mio usd ...and made a profit of 299 mio usd

it has fantastic seaview

the buyer is from the oil state

i am sure there are better buys somewhere else
but these rich people really dont care lor

You win!

World's Most Expensive Apartment Sold: Monte Carlo Penthouse

http://www.housingwatch.com/2010/09/16/worlds-most-expensive-apartment-sold-monte-carlo-penthouse/

His name is mentioned there and also his net worth. Any one in Singapore Comparable?

The pad's buyer, says (http://www.luxist.com/2010/09/14/308-million-monaco-penthouse-purchased-by-abramovich-associate/) Luxist (http://www.luxist.com/2010/09/14/308-million-monaco-penthouse-purchased-by-abramovich-associate/), is the U.S.-born Greek billionaire Constantine Alexander-Goulandris, who earns his keep as an advisor to the Saudi royal family and various Middle Eastern oil potentates, so we suspect that he didn't have trouble getting a mortgage. Oh, he's also said to be worth a cool $15 billion and is cozy with Russian mogul Roman Abramovich.

teddybear
24-09-10, 16:15
Ok lah, let's see whether Siglap with "fantastic views" can sell at $5k psf in Singapore? :p


recently a PH at monte carlo was sold at USD 305 mio

the owner bgt it after a fire some years back, renovated it and sold for 305 mio usd ...and made a profit of 299 mio usd

it has fantastic seaview

the buyer is from the oil state

i am sure there are better buys somewhere else
but these rich people really dont care lor

devilplate
24-09-10, 18:05
You win!

World's Most Expensive Apartment Sold: Monte Carlo Penthouse

http://www.housingwatch.com/2010/09/16/worlds-most-expensive-apartment-sold-monte-carlo-penthouse/

His name is mentioned there and also his net worth. Any one in Singapore Comparable?

The pad's buyer, says (http://www.luxist.com/2010/09/14/308-million-monaco-penthouse-purchased-by-abramovich-associate/) Luxist (http://www.luxist.com/2010/09/14/308-million-monaco-penthouse-purchased-by-abramovich-associate/), is the U.S.-born Greek billionaire Constantine Alexander-Goulandris, who earns his keep as an advisor to the Saudi royal family and various Middle Eastern oil potentates, so we suspect that he didn't have trouble getting a mortgage. Oh, he's also said to be worth a cool $15 billion and is cozy with Russian mogul Roman Abramovich.

15billion wor...315mio peanuts la:scared-5:

devilplate
24-09-10, 18:09
Ok lah, say your Siglap has fantastic view, sell at what price? The cramped Emerald area property with zero view sell at what price? You are saying all those people who cause the huge price differentials via real transactions made are nuts and stupid? I definitely won't as these "nuts and stupid" people can easily afford $7m without blinking eyes woh! Those not "nuts and stupid" keep calculating and calculating and can only afford somewhere in OCR and $1m+. :scared-3:

errr....dun like dat say la....i am sure everybody here calculate here and there leh....50psf counts wor:o

but seriously...to me 7mio for a terrace hse nothing much to show/haolian except for the address nia

xebay11
28-09-10, 11:45
Ok lah, say your Siglap has fantastic view, sell at what price? The cramped Emerald area property with zero view sell at what price? You are saying all those people who cause the huge price differentials via real transactions made are nuts and stupid? I definitely won't as these "nuts and stupid" people can easily afford $7m without blinking eyes woh! Those not "nuts and stupid" keep calculating and calculating and can only afford somewhere in OCR and $1m+. :scared-3:

I don't get you, what does money have to do with anything? You seem to be saying that the more money you have the more stupid the decisions you can make? (afford?)

So which category do you fit in? The "nuts and stupid" people can easily afford $7m without blinking eyes, or Those not "nuts and stupid" keep calculating and calculating and can only afford somewhere in OCR and $1m+?

I leave you to answer your own question. I know where I stand and happily I am neither of what you propose.

teddybear
28-09-10, 14:36
I am questioning your theory - Because you said a property in Siglap definitely better than than 1 in Emerald even if the latter is more much expensive. I am asking myself as well as all forumers, whether the 1 in Emerald is really lousier despite people willing to pay so much more for Emerald than in Siglap. Either these people are stupid and nuts or they see value which you don't. If these people buying Emerald are so stupid then how they become so rich? The final conclusion is up to individuals to draw.


I don't get you, what does money have to do with anything? You seem to be saying that the more money you have the more stupid the decisions you can make? (afford?)

So which category do you fit in? The "nuts and stupid" people can easily afford $7m without blinking eyes, or Those not "nuts and stupid" keep calculating and calculating and can only afford somewhere in OCR and $1m+?

I leave you to answer your own question. I know where I stand and happily I am neither of what you propose.

xebay11
28-09-10, 17:30
The issue is not is not better or not and value should be tied to the satisfaction of the property, not just value of appreciation.

Sure, the Emerald Hill Terrace can be derive more satisfaction than a Siglap Bungalow if it were $3 - $4m max, at that price range the benefits of living in Orchard Road, cramped and polluted out weighs the monetary cost and other non-monetary costs of nice wide open space Bungalow and some views.

But at $7m? You better think twice. Since you feel so strongly about the terrace house, would you seriously really put your money where your mouth is and pay $7m for a terrace house in Emerald area? Then why didn't you?

teddybear
28-09-10, 17:32
What makes you think I do not already own one there? :p
I for sure will not and never will buy any private property in Siglap regardless of how cheap it is there. :cheers1:


The issue is not is not better or not and value should be tied to the satisfaction of the property, not just value of appreciation.

Sure, the Emerald Hill Terrace can be derive more satisfaction than a Siglap Bungalow if it were $3 - $4m max, at that price range the benefits of living in Orchard Road, cramped and polluted out weighs the monetary cost and other non-monetary costs of nice wide open space Bungalow and some views.

But at $7m? You better think twice. Since you feel so strongly about the terrace house, would you seriously really put your money where your mouth is and pay $7m for a terrace house in Emerald area? Then why didn't you?

luzman
30-09-10, 23:21
The issue is not is not better or not and value should be tied to the satisfaction of the property, not just value of appreciation.

Sure, the Emerald Hill Terrace can be derive more satisfaction than a Siglap Bungalow if it were $3 - $4m max, at that price range the benefits of living in Orchard Road, cramped and polluted out weighs the monetary cost and other non-monetary costs of nice wide open space Bungalow and some views.

But at $7m? You better think twice. Since you feel so strongly about the terrace house, would you seriously really put your money where your mouth is and pay $7m for a terrace house in Emerald area? Then why didn't you?

I am surprised that you being an agent with DW is arguing about a fact that cannot be erased...and that is, people pay more for prime location and not view...yes, you will pay a little more for better view but at the end of the day, its the location....

Your argument that value is tied to satisfaction is simply too simplistic...value is tied to what the bank thinks...what the people willingly to pay and that simple...its not about satisfaction....cos satisfaction is very subjective...I am very satisfied with my car doesnt mean its value is high...the value of car is simply based on market value...which is just like property..
What is happening to agents this days??!

Geylang OKT
30-09-10, 23:26
Location, Location, Location! :D :D :D

Don't bother about me. I didn't read the exchanges and dunno what you guys are fighting about :cool: :cool: :cool:

Komo
30-09-10, 23:28
I'll gain greatest satisfaction (& achievement) if put in $1.8m can rise to $3m !! :D :D which location is possible? Mimosa?

(me too...just saw the word "satisfaction" on top) :cool:

Geylang OKT
30-09-10, 23:29
I'll gain greatest satisfaction (& achievement) if put in $1.8m can rise to $3m !! :D :D which area is possible? Mimosa?

Geylang! :D :D :D