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Some choice locations for landed homes

Posted on 24 Sep 2009 | Comments Off

West Coast/Pasir Panjang

NOT only is this area close to institutions of higher learning, such as The National University of Singapore, it is just 15 to 20 minutes’ drive to the CBD.

The opening of shopping malls such as VivoCity and West Coast Plaza has added much vibrancy to this area. The impending new Circle Line, with stations extending to Telok Blangah, Labrador Park, Pasir Panjang, Haw Par Villa, Kent Ridge and one-north, will make the area highly accessible.

Bukit Timah

BUKIT Timah is a popular choice, being close to quite a number of elite schools – Nanyang, Hwa Chong Institution, Methodist Girls’ School, Singapore Chinese Girls’ School, Anglo-Chinese School (Barker Road) and St Joseph’s Institution.

The area is currently not served by an MRT line but come 2015, the Downtown Line will have stations at Stevens, Botanic Gardens, Tan Kah Kee, Sixth Avenue, King Albert Park, Beauty World, Hillview and Cashew.

East Coast

THIS area covers Mountbatten, East Coast Road, Tanjong Katong, Siglap and Bedok. Its proximity to the beach and access to town via the East Coast Parkway has made this area popular.

Access to this area will be enhanced by the new Circle Line MRT stations such as Mountbatten and Dakota. In addition, the future Eastern Region Line will run through Tanjong Rhu to Marine Parade estates.

Source : Business Times – 24 Sep 2009

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Posted in Landed Property

Tagged Bukit Timah, East Coast, Landed Property, Pasir Panjang, Singapore Property, Singapore Property Market, West Coast

Landed homes the way to go

Posted on 24 Sep 2009 | Comments Off

Buyers took advantage of lower prices, which have corrected by some 20 to 30% from the peak, and low interest rates to buy their dream landed homes

A HOME these days has become more of a lifestyle statement and status symbol than just a roof over one’s head. And what could answer both aspirations better than a plot of freehold land where the owner can dictate every last detail in a custom built house?

So is it too late to go shopping for a landed property today? Let’s look at how the market has been performing this year.

The landed market has seen a recovery in transactions, with the turning point in March this year. After hitting a low in February, when only 73 units changed hands, March saw 123 units done. This figure then increased by leaps and bounds, from 247 units in May to 331 units in June and 320 in July.

Buyers took advantage of lower prices, which have corrected by some 20 to 30 per cent from the peak, and low interest rates to buy their dream landed homes. With the recovery in volumes, is a price recovery in sight?

Landed home prices had peaked between late 2007 and the first part of 2008 before trending down as the sub-prime debacle hit.

It saw a low between January and March this year but with the recovery of the stock market, sentiment improved and landed home prices began to pick up in April.

Despite the upward trend, prices as at July were still some 11 per cent below the previous peak. The only exception is detached houses, whose prices are close to the 2007 peak. We look at some of the reasons behind the demand for landed homes. Continue reading →