24 Feb '11, 10pm

More price upside for landed homes: by Ku Swee Yong Prices for landed properties have skyrocketed by 63 per cent...

Prices for landed properties have skyrocketed by 63 per cent since the property market hit a low in the second quarter of 2009. In the 12 months of last year, the overall landed property index climbed 30.8 per cent, with prices for detached houses gaining a whopping 37.6 per cent, while prices for semi-detached and terrace houses grew 26 per cent. While most home searchers believe that landed property prices have reached their peaks, I think there is more room to climb. Total stock The total number of completed landed properties in Singapore is 69,743, comprising 10,350 detached houses, 21,185 semi-detached houses and 38,208 terrace houses. Those were the numbers as at Dec 31 last year. Of the total, 2,294 landed houses are classified as vacant, representing a vacancy rate of 3.3 per cent. Most landed homes are owner-occupied. This is because foreigners face restrictions i...

Full article: http://www.todayonline.com/Commentary/EDC110225-0000191/M...

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straitstimes.com 23 Feb '11, 12am

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channelnewsasia.com 18 Feb '11, 10am

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todayonline.com 25 Feb '11, 4am

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