Good Value Semi-D in D28

Table of Content

1. Why freehold/999-year leasehold landed properties.

2. Trend of 99-year leasehold landed properties in D28.

3. D28 Semi-D average transacted price compared to other Districts. 

4. Co-relation between Singapore GDP and Singapore Property Price Index.

5. What’s next ….

6. Where are the good value deals in the market?

epropway-singapore-map-region-district

Why Freehold / 999-year Leasehold Landed Properties

  Outlook:

  • The landed homes in prime locations and new landed homes will drive price appreciation.
  • Some demand from the popular districts 10, 15 and 20 is expected to shift to the neighbouring districts.
  • Demand for landed homes will be supported by the ongoing migration from public housing or condominium to landed properties. These are people who buy for occupation and are less affected by the latest cooling measures. They will be attracted to intermediate terrace houses because of the lower entry level, with a preference for locations near MRT stations for the ease of commuting. The completion of Thomson-East Coast Line will drive demand along its route, specifically in districts 15 and 16.
  • The 2-step hike in property tax in 2023-2024 is unlikely to affect those who are buying for owner occupation or existing owners holding large landed properties for investment because these people generally take a longer-term view on property investment, focusing on the long-term yields, wealth preservation and potential for capital growth.
  • Due to the cooling measures and lack of supply, the landed housing sales volume in 2022 will not be as high as in 2021, but prices are most likely to stay firm and possibly trend upwards.
epropway-Landed-home-prices-set-to-stay-firm-if-not-trend-upwards_BT31Mar2022
The Business Times Property 2022( March Issue)

Trend of 99-year Leasehold Landed Properties in D28

Nim Road Development

“The sprawling site of 1.26 million sq ft has been part of Bukit Sembawang’s landbank, a legacy of its early days in the rubber plantation business before it ventured into property development in the 1960s. When the site was approved for housing development, it was given a 99-year lease by the government.”

Source: The Edge Property Singapore Published on 18 July 2017. Bukit Sembawang’s Watercove in Singapore boasts sea views, freehold tenure | The Edge Markets

Nim Collection Phase 1
Nim Collection Phase2
Nim Collection Phase3
epropway-99-year-semi-d-d28

D28 Semi-D Average Transacted Price Compared to Other Districts

Co-relation between Singapore GDP and Singapore Property Price Index

epropway-semi-D-d28-ppi-gdp

Is Singapore Property Price Overvalued?

What's Next ........

1.Limited supply of freehold landed properties.

2.Upcoming New launch in D28 – 99-year leasehold landed property (Pollen Collection @ >1k – 1.2k PSF?)

3.Low average PSF for Semi D compared to other Districts

4.What will be the Singapore GDP Growth in the next few years?

5.Where are the good value deals?

Good Value Semi-D Options (less than $4.70M) at Seletar Hills Estate/ Gerald/ Lentor Estate etc.
 
✅ Land size 3400sqft near Lilac Dr ($4.6mil) – 5 rooms, suitable for minor renovation, good condition, well maintained.
 
✅ Land size 2,983sqft. Near Gerald Garden, ($4.5 mil), 5 rooms, good condition, suitable for minor renovation.
 
✅ Land size 3,445 Sqft ($4.7 mil.) near Jalan Selaseh Park, 4 rooms. Suitable for minor renovation.
 
✅ Original Semi-D for rebuild near Gerald Garden/Seletar Hills Estate. Low PSF @ S$ 1.200 etc.

Need more info?