Price Drop Results to More Singapore Landed Homes Being Sold

From January to April  2015, large number of landed home were sold as prices of landed home fell significantly from the peak in 2013.

Supply of Singapore landed homes is limited in prime areas, and buyers are trying to get better deals, thinking that developers may have to sell to avoid penalties in Qualifying Certificate, Mr Samuel Eyo of Singapore Christie’s Homes noted.

Base on Government data, about 316 landed homes were sold during the said period, translating by 15.3% growth for yearly basis. The first 4 months of 2015 holds one of the biggest landed deals of 2015, a record of $33 million sale of furnished bungalow in Bishopsgate.

Most property developers acquired site, usually an old bungalows with redevelopment potential, considering that it will boost once the project is completed.

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