If you’re like most people, you might guess the most expensive property segment – landed property – will fare worst in the downturn. After all, who would buy a bungalow or Semi-D in Singapore’s worst economic situation to date, right?
The answer, apparently, is “way more people than we’d imagine”.
In fact, landed home sales are at an all time high as of Q3 2020. There were 544 landed home transactions this quarter, according to a report from OrangeTee & Tie. We checked on Square Foot Research to see if the data corresponds – while it’s not an exact match, the two are quite close:
Source: Square Foot Research
Square Foot Research shows 591 landed home transactions for Q3 (counting both new and resale): that’s 180 units in July, 202 units in August, and 200 in September. This is a sharp rebound from Q2, where total transactions numbered 212. This is an increase of 179 per cent....