Hi all:
Can share how many landed strata titles for landed homes in Singapore?
Vaguely remember from some news is about 250,000?
Just curious as this is a rather much small number qty vis a vis the population avails.
Thanks!
Hi all:
Can share how many landed strata titles for landed homes in Singapore?
Vaguely remember from some news is about 250,000?
Just curious as this is a rather much small number qty vis a vis the population avails.
Thanks!
250000 landed strata tiltles ...Originally Posted by Latio
can assume each accommodate a family of 4 ( parents + 2 kids)
thats easily 1 mio people ...
thats alot in my opinion
Can you quote the source? Obtained from Singapore Land Register?Originally Posted by proud owner
If it is indeed correct, we may need to change your assumption as
1. The strata titles could belong to a few property powerhouses or just a very limited number at the individual level.
2. When it belongs to a limited number of owners, the owners decides what to do with them. You have a case of 1 owner owns many titles or 1 owner owning only 1 title. Add up all the sums and you have the correct number of titles OWNERS in Singapore.
3. As a result, some may be used for occupation and some may not or may not yet. And some are used for residence while some are not.
5. So if we keep the numbers as suggested to accomodate 4... the numbers should be less than 1 mio people? assuming your figure is correct.
Info on Land Register
The land register shows who owns the land and whether there are encumbrances, such as mortgages or charges affecting the land.
There are two systems of Land Registration in Singapore. Two land registers co-exist, namely:
Singapore including its smaller islands is divided into 64 survey districts known as Mukim or Town Subdivision. There are 34 Mukim survey districts and 30 Town Subdivisions survey districts. A "Mukim" (MK) is a district in the rural area whereas "Town Subdivision" (TS) is in the city area.
- The Register of Deeds for Common Law land under the Registration of Deeds Act; and
- The Land Titles Register for titles land under the Land Titles Act.
Each Survey District is further subdivided into smaller land parcels known as "Lots". Each "Lot" is assigned a number by the Chief Surveyor.
The Registry's records are based on the Survey District and lot numbers for the parcel of land eg. MK18 Lot 99279M.
But!
Who would really go and count the number of available titles in Singapore unless they are some policy makers or major property developers having a strong interest to do so. Such as to know their market share and identify the partners and/or competitors in dealings in land. i.e What is the maximum supply. Its a finite figure. Having more of it means more power.
This is a very deep and powerful question to ask. May I know why was it raised?
Not sure about the figure of 250000. But I have figures from recent newspaper report that says the landed property stock at this moment is 69500 or 6.1% of total property stock ie private + hdb. Total stock = 1.14mOriginally Posted by Latio
I thought there are very few landed strata titles homes i.e. landed homes with strata title. Definitely less than 20,000. Probably below 10,000 unitsOriginally Posted by Latio
Business Times - 25 Mar 2010
Landed homes: Lure of scarcity
With relatively few landed home launches, buyers are always keen on older houses in the resale market, writes HAN HUAN MEI
WHEN private home prices made their sterling recovery in the second half of 2009, landed homes didn't miss out on the action. The Urban Redevelopment Authority (URA) price indices for detached, semi-detached and terrace houses recovered by 22-26 per cent in 2H 2009, after falling some 18-21 per cent from the market peak in the second quarter of 2008 to Q2 2009.
This upward trend is likely to continue because of the scarcity of landed homes in Singapore. Out of a total housing stock of 1.14 million units, only 69,500 or 6.1 per cent are landed homes.
From Year 2000 Data
Bungalows: 7,553
Semi-Detached: 16,423
Terrace Houses: 22,988
Total Landed: 46,964
Guys:
So its about 70,000 titles or so presently.
- Govt not selling any land titles for landed homes.
- It means leaving only land bank holding by developers (eg Bukit Sebawang at AMK Ave 4 vicinity etc) but not significant to increase any big amount.
- The new numbers of landed homes arising from enbloc will again not significant.
So to me, landed is really scarce and really prime in future!
Thank you so much for sharing...
More views...
The goverment may sell more land for landed homes in the future but they will only be on 99 years lease hold terms.
So for the freehold landed property that you are staying in right now Latio, you are indeed sitting on a gold mine.
Originally Posted by Latio
Bungalows: 7,553
Semi-Detached: 16,423
Terrace Houses: 22,988
Good Class bungalows: 2,400
Strata titled Landed:20,136???
Total: 69,500
Landed homes: Lure of scarcity
With relatively few landed home launches, buyers are always keen on older houses in the resale market, writes HAN HUAN MEI
WHEN private home prices made their sterling recovery in the second half of 2009, landed homes didn't miss out on the action. The Urban Redevelopment Authority (URA) price indices for detached, semi-detached and terrace houses recovered by 22-26 per cent in 2H 2009, after falling some 18-21 per cent from the market peak in the second quarter of 2008 to Q2 2009.
This upward trend is likely to continue because of the scarcity of landed homes in Singapore. Out of a total housing stock of 1.14 million units, only 69,500 or 6.1 per cent are landed homes.
From Year 2000 Data
Bungalows: 7,553
Semi-Detached: 16,423
Terrace Houses: 22,988
Total Landed: 46,964[/quote]
It is a gold mine.Originally Posted by chho
That's why Mah Bow Tan said that it's a privilege reserved for citizens.
Landed properties are even more heavily subsidised than HDB.
I think the 7,553 bungalows include the 2,400 GCBs.Originally Posted by chho
Why only Year 2000 numbers? Do they have the most updated ones? 10 years is a lot of differences.Originally Posted by jlrx
Can't find the latest ones.Originally Posted by Blue
Just found the 2003 data.
Year 2003 Data
Bungalows: 9,915
Semi-Detached: 20,628
Terrace Houses: 36,549
Total Landed: 67,092
Condo: 85,869
Apartment: 57,973
Total Condo+Apartment : 143,842
Total Private: 210,934
HDB Executive: 65,143
HDB 5-Room: 201,152
HDB 4-Room: 318,668
HDB 3-Room: 220,696
Total HDB: 815,633 (Doesn't add up due to 1 and 2-Room Flats)
Total Housing Stock: 1,026,567
Rental Flats: 53,141
Total Housing Stock including Rental Flats: 1,079,708
Thanks Propertism Master!
can foreigners buy strata landed? or only for citizens?
The rules for landed are the same for strata & single titles. Foreigners cannot buy strata landed properties. PR's need to obtain approval first.Originally Posted by mantrix