Today, the purchase of a $40 million Bin Tong Park Good Class Bungalow by Grab CEO Anthony Tan hit the headlines. This follows the purchase of a $36 million Good Class Bungalow (GCB) last week. It’s clear that larger properties – and in particular landed property – are in vogue this season. However, these high quantum properties are a small sliver of the Singapore private property market; and their performance is not well tracked (there really aren’t a lot of transactions to go by). Still, in this article, we’ll try to determine what sort of gains or losses you might expect from a landed property:
A look at landed property prices in Q2 2021
Source: Square Foot Research
Average landed property prices, across Singapore, now stand at $1,318 psf. The average for new sales is $1,431 psf, while resale units average $1,315 psf.
Overall transaction volumes are among the highest we’ve seen in around eight years. The most recent peak in April 2021 saw 354 landed home transactions, a number that was only beaten way back in August 2012 (346 units):...