Quote:
Originally Posted by Unregistered
Hi, sorry to hijack this thread but since it is a popular thread with many high networth posters, thought I could ask here.
I am thinking of selling my freehold landed terrace in a cityfringe location for 2 million. It has potential for appreciation as near Bidadari and Paya Lebar airbase which are about to be developed. Walking distance to upcoming MRT and Macpherson mall with shops, restaurents and NTUC supermarket. Has 3 coffeeshops and 3 clinics and Prime supermarket a short walk away. Within 1km of Maris Stella primary High school which was why we bought it.
Anyone interested? Can contact me at 97517334. Thanks... |
Landed property prices falling. Will prices recover? Noone can predict.
Read the article below.
" ... prices of landed homes fell for the second consecutive quarter, by 0.6 percent, after the decline of 1.0 percent previously."
Is your $2m on the high side? What's the lowest transacted price in your estate?
What's the land area and built up area?
Good luck!
Private home prices down 1.3% in Q1
Apr 1, 2014 - PropertyGuru.com.sg
Private residential property prices in Singapore fell by 1.3 percent in the first quarter of 2014, according to
URA flash estimates released today.
This is higher than the 0.9 percent decline in the previous quarter.
Prices of non-landed private residential properties declined in the first quarter this year.
In the Core Central Region (CCR), prices slid 1.3 percent after decreasing 2.1 percent in the previous quarter. This is the fourth consecutive quarter of price decline in this segment, noted
URA.
Prices in the Outside Central Region (OCR) dropped for the second consecutive quarter, by 0.3 percent compared to the previous 1.0 percent dip.
Over in the Rest of Central Region (RCR), prices fell 2.8 percent, compared with the 0.4 percent increase in the quarter before.
Meanwhile, prices of landed homes fell for the second consecutive quarter, by 0.6 percent, after the decline of 1.0 percent previously.
The flash estimates are compiled based on transaction prices given in caveats lodged during the first ten weeks of the quarter, supplemented by data on new units sold by developers in the first two months of the quarter.
URA will release updated figures four weeks later once more data on caveats lodged and take-up of new projects is captured.