Is there relative value with suburban landed homes?
Private homes in Singapore are expensive. Still, savvy home buyers may find relative value in certain segments. Could a suburban landed home be a good buy?
In 2022, private home prices rose 8.6 per cent, after having increased 10.6 per cent in 2021. Prices of private non-landed homes and landed homes rose 8.1 per cent and 9.6 per cent respectively last year.
In recent years, condominium prices in the suburbs have generally risen faster than in prime areas. Between Q4 2017 and Q4 2022, prices of private non-landed homes in the Outside Central Region (OCR) or the suburbs rose about 40 per cent, versus a 14 per cent rise for non-landed homes in the Core Central Region (CCR), which covers districts 9, 10 and 11 as well as the downtown core planning area and Sentosa, going by data from the Urban Redevelopment Authority.
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