Whether you’re on Facebook, or reading an article from local publications, you’ll probably be overwhelmed by talk about how property prices are sky-high and increasing. This is especially so for landed housing (of which there’s only ~5% in Singapore).

So I was surprised to find a freehold landed estate for which the last 3 sales have had decreasing PSF and decreasing transacted prices, not increasing! Since most Singaporeans, like myself, love a “bargain”, so to speak, I thought Li Hwan Terrace and the surrounding Li Hwan streets would be a good area to feature in today’s post, so off we go!

Note: This is based on sales information from Edgeprop, in which the last 3 sales at the time of writing, all in 2022, ranged from $3.38 million to $3.67 million. All 3 sales were for terrace units. Interestingly, the most recent sale (Oct 22) actually transacted at the lowest price (of the 3 sales in 2022), despite being the largest unit (almost 50% bigger at 2,520 sq ft!)