Value of landed property expected to rise next year
Experts have predicted that the capital value of landed property—whether in prime areas or not—and freehold condos in prime areas will rise next year. This is because demand for these properties are high, and the supply is scarce.
The value of prime freehold landed property rose around 17% in 2010, while those in suburban areas increase around 15% this year. Pretty good huh?
In contrast, prime freehold condos increased only around 8%, the same percentage as 99-year leasehold suburban condos.
So, to buy a landed property or condo? View?