14 Nov '17, 1pm

50% more landed homes sold this year

50% more landed homes sold this year

Taking the first 10 months of the year as a measure of comparison, the number of landed properties sold this year is 50% more than that in 2016. Jalan Jembu Ayer Pent-up demand one of the factors for the increase 2017’s gradual and general recovery of the real estate market has pulled many a segment up in terms of sales volume. Home prices across the board has declined since the 2013 peak, but Q3 reflected some signs of recovery. Strong buying activity in the third quarter firmed up prices. Prices of landed properties have fallen since its peak in 2013 to attractive and competitive levels. This could have accounted for the unleashing of pent-up demand for landed homes. 1,513 landed homes were sold between January and October this year. 1,009 units were sold in the same period last year. The transacted values also increased from $4.3 million to $6.1 million. Related: Types ...

Full article: https://www.iproperty.com.sg/news/50-more-landed-homes-so...

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