{"id":89462,"date":"2018-05-25T07:00:39","date_gmt":"2018-05-25T00:00:39","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-capital-growth-in-landed-housing-in-singapore\/"},"modified":"2018-05-25T07:02:52","modified_gmt":"2018-05-25T00:02:52","slug":"high-capital-growth-in-landed-housing-in-singapore","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-capital-growth-in-landed-housing-in-singapore\/","title":{"rendered":"High capital growth in landed housing in Singapore"},"content":{"rendered":"


\nAttendees were keen to find out more about the investment potential for landed housing in Singapore.
\nIndustry experts indicate that now is the best time to invest in Singapore property market.
\nBy Mindy Chong
\nSingapore\u2019s property market has seen a limited supply of landed property over the past five years. Despite the scarcity of landed homes, the number of unsold inventory has been at a record low, with limited freehold supply coming into the market.
\nThe total number of transactions for landed projects in 2018 is expected to be around 300 units, with the majority of units sold outside the Core Central Region, based on a research done by CBRE. The firm also believes that freehold projects will present a better value over leasehold projects in the rising landed property market.
\nBut the question is the investment potential for landed housing in Singapore and how can investors preserve the value of such properties in the long run? This topic was discussed during PropertyGuru\u2019s recent Guru Talk seminar held at the Watercove sales gallery in Sembawang.
\nHeld on 12 May, the event drew more than 70 attendees looking to gain new insights from esteemed speakers Joseph Tan, executive director, residential Singapore at CBRE, Kevin Lim, chief agency director from ERA Realty and Jacintha Pillay, partner from Sim Mong Teck & Partners.
\nThe event started with Tan providing an overview of the private residential market in 2018.
\n\u201cAs of now, the total number of housing units offered in the market is 380,000. Landed properties only consists of 1.5 percent of the total housing stock, a small supply compared to non-landed properties which comprise 98.5 percent. Around 90 percent of landed properties are freehold while the remaining 10 percent are leasehold,\u201d he said.
\n\u201cNon-landed homes priced at $1 million to $2 million remain most favoured amongst Singaporeans. For landed homes, most investors prefer those priced at $2 million to $3 million. However, the gap between property prices for 99-year leasehold and freehold landed properties is quite narrow due to the scarcity in this category,\u201d he said.
\nHe added that as of March, unsold landed homes have dropped to 300 units compared to 552 units last December. The URA property price index also shows that prices of landed homes peaked at 179 percent in 2013 before declining 15 percent by Q3 2017.\u00a0
\nCommenting on transaction volumes of landed homes in District 27, Tan said it has been increasing over the past five years from 43 units in Q1 2013 to 110 in Q1 this year. The supply of landed homes in this district also stayed consistent with Bukit Sembawang topping the list.
\nSpeaking on the legal considerations when buying landed properties, Pillay said: \u201cA lot of people who want to buy a Singapore property have to think about paying ABSD (Additional Buyer\u2019s Stamp Duty). They can be local, PRs or even foreigners. One of the most common approaches in buying a property is through de-coupling,\u201d she said.
\nShe explained that de-coupling means removing the owner\u2019s name from the existing property. For instance, if a married couple want to purchase another property and do not want to pay the additional ABSD, one of them must remove their names from the existing property. To do that, they can either look at gift transactions or part sale.
\nBy way of gift transactions, the property is fully encumbered and has no existing mortgage loan, hence, the owner can give away the property as a form of a gift. The second and most common form of de-coupling is fractional sale in which the property is encumbered and has an existing mortgage sale. The individual who wants to acquire the share of the property will have to buy over the property.
\nPillay also talked about the regulatory differences between buying landed property from a developer and from the resale market.
\nSeparately, ERA\u2019s Lim gave the latest updates on the en bloc market and what this means for Singapore property.
\n\u201cBy 2030, Singapore is expected to have a 6.9 million population, but as of now, we have 5.79 million. With the national statistics indicating that there are 3.5 people per household, we would be expecting a pent-up demand for 26,429 housing units. Therefore, there should be more demand for housing instead of an oversupply in the coming years,\u201d he said.
\nOn en bloc transactions, he explained that statistics have shown that sales volumes from 2016 till H1 2017 was $6 billion. In 2018, sales are expected to increase by 33 percent to $15 billion. Although there have been 16 en bloc sites sold this year, there are 140 more en bloc projects in the pipeline.
\nAs part of the exclusive benefit of purchasing a unit on the day of the event, eight limited star-buy units were offered with savings of at least $30,000. \u00a0
\nIf you missed the seminar, please watch the video at bit.do\/gurutalkwatercovevideos. For more information on upcoming Guru Talks, go to: pgevents.propertyguru.com.sg.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…High capital growth in landed housing in Singapore<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Attendees were keen to find out more about the investment potential for landed housing in...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-89462","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ngW","jetpack-related-posts":[{"id":89472,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-capital-growth-for-landed-housing-in-singapore\/","url_meta":{"origin":89462,"position":0},"title":"High capital growth for landed housing in Singapore","date":"May 25, 2018","format":false,"excerpt":"\r Attendees were keen to find out more about the investment potential for landed housing in Singapore. Industry experts indicate that now is the best time to invest in Singapore property market. By Mindy Chong Singapore\u2019s property market has seen a limited supply of landed property over the past five\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75687,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/2-freehold-landed-projects-off-upper-bukit-timah-launching-this-friday\/","url_meta":{"origin":89462,"position":1},"title":"2 freehold landed projects off Upper Bukit Timah launching this Friday","date":"January 3, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Kismis Residences, the first new launch of 2018. \u00a0 Singapore-listed property developer Low Keng Huat is launching two new freehold landed housing projects this Friday (5 January) to kick off 2018, marketing agent ERA Realty Network revealed in a statement.\u00a0 ERA and OrangeTee & Tie are\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40779,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/7-good-reasons-to-buy-a-condominium-townhouse-in-singapore\/","url_meta":{"origin":89462,"position":2},"title":"7 good reasons to buy a condominium townhouse in Singapore","date":"January 16, 2017","format":false,"excerpt":"\r Artist\u2019s impression of The Seawind, a freehold townhouse condominium in Telok Kurau. 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With demand for landed homes remaining healthy, Knight Frank expects to see increased activity in the landed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/Landed-homes-in-Singapore.jpg?fit=840%2C420&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":118202,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sale-of-prime-non-landed-homes-plunge-52-9-in-1h-2020\/","url_meta":{"origin":89462,"position":5},"title":"Sale of prime non-landed homes plunge 52.9% in 1H 2020","date":"August 12, 2020","format":false,"excerpt":"\r However, Knight Frank expects the sale of prime non-landed homes to improve in the second half of 2020. 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