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Thread: Value of landed property expected to rise next year

  1. #1
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    Default Value of landed property expected to rise next year

    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?

  2. #2
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    A lot of "gurus" in this forum with vested interest will say why buy landed when yield is so low and why buy prime freehold condos when the place is only inhibited by expatriates. Wah piang eh!!!! Then these gurus or goondus say ocr like yishun 99 yr LH very good buy cos singapore so small and well connected so why pay premium for prime freehold condo. See these kind can onlyi shake head or vomit blood.

    Be guided by value. Substance over form.

    O
    Quote Originally Posted by moneyspinner
    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?

  3. #3
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    Expect next time can't buy any landed less than $3M.

  4. #4
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    Quote Originally Posted by nobrainer32007
    A lot of "gurus" in this forum with vested interest will say why buy landed when yield is so low and why buy prime freehold condos when the place is only inhibited by expatriates. Wah piang eh!!!! Then these gurus or goondus say ocr like yishun 99 yr LH very good buy cos singapore so small and well connected so why pay premium for prime freehold condo. See these kind can onlyi shake head or vomit blood.

    Be guided by value. Substance over form.

    O
    share ur reasoning?

    u buy ppty based on wat?

  5. #5
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    Quote Originally Posted by Blue
    Expect next time can't buy any landed less than $3M.
    can...99LH landed lor

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    Quote Originally Posted by devilplate
    can...99LH landed lor
    Funny Bro

    I always believe land will double every 10 years.
    Just base on spore inflation as well as limited supply... can only have one direction... UP

    More important, look at location, look at plot ratio , look at 'enbloc' potential
    Sure we can't sell to foreigners, but we can sure sell to developers

  7. #7
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    Quote Originally Posted by Duku
    Funny Bro

    I always believe land will double every 10 years.
    Just base on spore inflation as well as limited supply... can only have one direction... UP

    More important, look at location, look at plot ratio , look at 'enbloc' potential
    Sure we can't sell to foreigners, but we can sure sell to developers
    99LH landed aso can double every 10yrs? more like half for every last 50yrs

    not all landed can convert to boutique apts

  8. #8
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    Default Landed is like COE

    Landed is like Cat E COE, when it goes up it goes up fast.

    Limited supply, very sought after.

    Will prices go up further? How much? It is similar to COE CAT E. When times good sure go up. And when rich guys Merc BMW chase the COE prices can be really up. Frankly how much is COE rise from 40k to 70k for an Sclass buyer, just 10% rise for 300k car.

    But bear in mind when prices drop luxury goods also drop the most. Do you remember during bad times big car COE was lower than small car COEs?

    Similarly in 2008 end after Lehman saga the landed ppty segment dropped the most in Singapore.

  9. #9
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    Simply opposite of what the goondus and idiots do! Hahaha no offence intended but i mean it.

    Yawn.....

    Quote Originally Posted by devilplate
    share ur reasoning?

    u buy ppty based on wat?

  10. #10
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    Quote Originally Posted by Localite
    Landed is like Cat E COE, when it goes up it goes up fast.

    Limited supply, very sought after.

    Will prices go up further? How much? It is similar to COE CAT E. When times good sure go up. And when rich guys Merc BMW chase the COE prices can be really up. Frankly how much is COE rise from 40k to 70k for an Sclass buyer, just 10% rise for 300k car.

    But bear in mind when prices drop luxury goods also drop the most. Do you remember during bad times big car COE was lower than small car COEs?

    Similarly in 2008 end after Lehman saga the landed ppty segment dropped the most in Singapore.
    Cannot compare, with COE , you are merely renting the car for ten years.
    With freehold landed , you own the place.

    As for COE price now, if we take inflation into comparision, the price of a merc is the same bacck in 1990. To mean it means 0 inflation in 20 years!!

    Just have to look into things in another pespective to realise how éxpensive' things had become.

  11. #11
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    Quote Originally Posted by Blue
    Expect next time can't buy any landed less than $3M.
    You could still buy for less than $3m.
    But it would be tough to find NEW landed freehold at 1000psf.

    Think the market rate is like the following now
    Brand New - At Least 1250 psf asking
    Matured - Depending on area and condition, but about 800psf

  12. #12
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    Quote Originally Posted by Localite
    Similarly in 2008 end after Lehman saga the landed ppty segment dropped the most in Singapore.
    That's not right, landed drop is lower than condo in terms of percentage

  13. #13
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    Quote Originally Posted by Duku
    You could still buy for less than $3m.
    But it would be tough to find NEW landed freehold at 1000psf.

    Think the market rate is like the following now
    Brand New - At Least 1250 psf asking
    Matured - Depending on area and condition, but about 800psf
    Nowadays, all brand new landed terrace are going like $2.5M and abv. It's not going by psf but going by absolute minimum dollars. Been searching for one more landed terrace for investment with a budget of $2M but to no avail

  14. #14
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    Quote Originally Posted by Blue
    Nowadays, all brand new landed terrace are going like $2.5M and abv. It's not going by psf but going by absolute minimum dollars. Been searching for one more landed terrace for investment with a budget of $2M but to no avail
    Know what you meant.
    Saw some interterrace , floor area build to the max ( 3000sft++) but land only 1500 . Yet Price at 2.5M

    Can consider buying 1 story old building, tear down and rebuild.
    at 1500 * 800 , land cost 1.2M build up 3000sft * 250 = 750K
    Still got chance for below 2 m

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    Quote Originally Posted by Duku
    Know what you meant.
    Saw some interterrace , floor area build to the max ( 3000sft++) but land only 1500 . Yet Price at 2.5M

    Can consider buying 1 story old building, tear down and rebuild.
    at 1500 * 800 , land cost 1.2M build up 3000sft * 250 = 750K
    Still got chance for below 2 m
    1500 sqft land at 1.2 M quantum is rare nowadays. With a land size of 1500 sqft for an old/rotting FH inter terrace, we are looking at close to 1000 psf. That is the landed market play nowadays.

  16. #16
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    Quote Originally Posted by Blue
    Nowadays, all brand new landed terrace are going like $2.5M and abv. It's not going by psf but going by absolute minimum dollars. Been searching for one more landed terrace for investment with a budget of $2M but to no avail
    I think luxus hills are still going for around $2.1mil?

  17. #17
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    'Good' buy?

    http://www.propertyguru.com.sg/listi...-pasir-panjang
    Brand New? Below 1000psf

    Just glance through Property Guru
    Seems like asking raise to 1000 psf regardless of location for old houses and ave 2.5M for interterrace regardless of land size!

    Guess it means there are 'bargains' if you look hard enough. Ie better location and bigger land for similar units

    For landed, look at the land size first, build up can come later when you do A & A or rebuild

  18. #18
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    but its unlikely that a 3 storey's built up is less than its land area leh. one or both the numbers could be wrong.

    Quote Originally Posted by Duku
    'Good' buy?

    http://www.propertyguru.com.sg/listi...-pasir-panjang
    Brand New? Below 1000psf

    Just glance through Property Guru
    Seems like asking raise to 1000 psf regardless of location for old houses and ave 2.5M for interterrace regardless of land size!

    Guess it means there are 'bargains' if you look hard enough. Ie better location and bigger land for similar units

    For landed, look at the land size first, build up can come later when you do A & A or rebuild

  19. #19
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    Quote Originally Posted by Blue
    Nowadays, all brand new landed terrace are going like $2.5M and abv. It's not going by psf but going by absolute minimum dollars. Been searching for one more landed terrace for investment with a budget of $2M but to no avail
    Nowadays, for small plot of land ( 999 or FH) of size 1.5k-2k sft, very hard to find less than $700psf.

  20. #20
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    Quote Originally Posted by Duku
    Know what you meant.
    Saw some interterrace , floor area build to the max ( 3000sft++) but land only 1500 . Yet Price at 2.5M

    Can consider buying 1 story old building, tear down and rebuild.
    at 1500 * 800 , land cost 1.2M build up 3000sft * 250 = 750K
    Still got chance for below 2 m
    Rebuilding yourself using your own unique designs is confirmed the best option but cash upfront is the key deterrance.

    Say if you buy an old landed hse for $1.2M, 30% downpayment is $400K + $50K stamp duty.

    Then if you rebuild to 3000sqft @ $250psf = $750K.

    Total upfront cash is $1.2M!

    And if you choose the wrong builder who gives you cheap materials or poor workmanship => Total disaster.

    Also, the waiting period for it to be built is typically 1.5 years.

    Just too much hassle. Buy direct from developer when TOP is the best.

  21. #21
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    Quote Originally Posted by Blue
    Rebuilding yourself using your own unique designs is confirmed the best option but cash upfront is the key deterrance.

    Say if you buy an old landed hse for $1.2M, 30% downpayment is $400K + $50K stamp duty.

    Then if you rebuild to 3000sqft @ $250psf = $750K.

    Total upfront cash is $1.2M!

    And if you choose the wrong builder who gives you cheap materials or poor workmanship => Total disaster.

    Also, the waiting period for it to be built is typically 1.5 years.

    Just too much hassle. Buy direct from developer when TOP is the best.
    well said...and i heard landed LTV abit lower....usually 60%

    btw, 1.2mio is ALOT of $$$....can do alot of things wor

  22. #22
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    Quote Originally Posted by devilplate
    well said...and i heard landed LTV abit lower....usually 60%

    btw, 1.2mio is ALOT of $$$....can do alot of things wor
    I got my landed at 80% LTV leh

  23. #23
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    Quote Originally Posted by Blue
    I got my landed at 80% LTV leh
    tats good to hear...u score full on credits

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    Quote Originally Posted by devilplate
    well said...and i heard landed LTV abit lower....usually 60%

    btw, 1.2mio is ALOT of $$$....can do alot of things wor

    then how come landed prices still so high ?

    meaning sporeans still rather spend 1.2 mio cash on a landed than use the 1.2mio cash to put as downs for a few condos ?

  25. #25
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    Quote Originally Posted by proud owner
    then how come landed prices still so high ?

    meaning sporeans still rather spend 1.2 mio cash on a landed than use the 1.2mio cash to put as downs for a few condos ?
    so buy newly TOPed ones or do simple A&A la

  26. #26
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    Within the same area / district, landed will always command a premium over the condos.

    Because if we exclude land in the comparison (since condos have no land to talk about), condos are sold at say $1.5m for 1000 sqft built in ($1500psf), landed in the same area can be sold at $2.5M for 3000 sqft built in ($833psf). Effectively, the built in psf for landed is much lower. This also means there are more rooms for landed price to go higher eventually to match the built in psf commanded by the condos. Scary isn't it?

    Land size is not so critical anymore since it is the living space that counts. Furthermore, monthly maintenance for condo is really a pain in the pocket if you are someone who seldom uses the facilities.

  27. #27
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    Quote Originally Posted by Blue
    Within the same area / district, landed will always command a premium over the condos.

    Because if we exclude land in the comparison (since condos have no land to talk about), condos are sold at say $1.5m for 1000 sqft built in ($1500psf), landed in the same area can be sold at $2.5M for 3000 sqft built in ($833psf). Effectively, the built in psf for landed is much lower. This also means there are more rooms for landed price to go higher eventually to match the built in psf commanded by the condos. Scarly isn't it?

    Land size is not so critical anymore since it is the living space that counts. Furthermore, monthly maintenance for condo is really a pain in the pocket if you are someone who seldom uses the facilities.
    wow...so u tink built up psf can eventually match air space?? WOW....landed owners huat till siao lor like dat....all tear down rebuild till MAX and sell HIGH HIGH

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    Quote Originally Posted by Duku
    'Good' buy?

    http://www.propertyguru.com.sg/listi...-pasir-panjang
    Brand New? Below 1000psf

    Just glance through Property Guru
    Seems like asking raise to 1000 psf regardless of location for old houses and ave 2.5M for interterrace regardless of land size!

    Guess it means there are 'bargains' if you look hard enough. Ie better location and bigger land for similar units

    For landed, look at the land size first, build up can come later when you do A & A or rebuild
    I called the agent marketing this pasir panjang unit. It's a bit misleading cos he is selling the land only which is approx. $987psf. Not including the rebuilt property. Nice pictures / design though.

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    Quote Originally Posted by devilplate
    wow...so u tink built up psf can eventually match air space?? WOW....landed owners huat till siao lor like dat....all tear down rebuild till MAX and sell HIGH HIGH
    I guess my theory will be proven in time to come

    Reason of cos why landed built in psf is lower bec of the absolute dollars / quantum involved. Not everyone can afford a $3M landed hse in the first place, not to mention $4.5M (3000 sqft @ $1500 psf) should psf match in future.

    Yes, i do think landed still got upside potential. And it is not heavily affected by property cycles.

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    Quote Originally Posted by wind30
    I think luxus hills are still going for around $2.1mil?
    Yup, luxus hills falls within one of my choices, given the limited choices...but I still prefer to find another landed in D5, D14 to D16, D9 to 11 which are the fringe of the city area. These districts are popular to rent out to expatriates, easily $7K per month.

    D19 - Not really my cuppa for investment gain or rental yield, although it is getting more and more hot these days. Even Sembawang landed is asking higher prices nowadays.

    Furthermore, a lot of folks bought Luxus Hills in early phases at only $1.6M. If you go in at $2.1M, u r already at great disadvantage. Moving in at the same time but paid $500K more than your neighbours.

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