Landed Properties in Singapore Have Seen Good Appreciation In Value, Reports BuyRentSingapore.Com
Online, July 20, 2012 (Newswire.com) - Since 2005, landed home prices have gain momentum and began appreciating. Based on the private residential price index for landed homes, the index was 113.5 in 1st quarter 2004, one of its lowest levels. But from 2005 onwards, the index has climbed steadily. The index reached a high of 235 in the 1st quarter of this year.
Landed properties in Singapore typically comprised of terraces, semi-detached and bungalow types. Some of the landed properties are classified as strata landed. Owners of strata landed properties collectively owned the land and share common facilities similar to condominium.
Owning a landed property remains a predominant pride among home buyers in Singapore. As such demand of landed properties remain robust and capital appreciation in the long term remains strong.
Median prices in most landed property districts jumped significantly with district 27 comprising the estates of Yishun and Sembawang, posting the highest growth. Sembawang area has seen several new landed property projects under construction or near completion. The latest to be completed will be The Shoreline Residences 1 and Shoreline Residences 2.
The Shoreline Residences are among the first landed development under the pilot envelope control scheme to achieve a more interesting design. Architects are allowed more freedom to express the internal space of the houses. Shoreline Residences will enjoy newer design elements and interpretation such as split level floors with internal glass walls to improve communication of family and visual space. Each unit will also have a private swimming pool on the roof terrace for the private enjoyment of the family or to entertain guests.
Local Singaporean looking to invest in landed properties in Singapore should check out http://www.BuyRentSingapore.com, to get an overview of the project and the latest promotional offers.
