25 May '11, 9pm

How to contain the effects of foreign buying of property....: Yesterday, a study by DTZ research shows that the

The Singapore landed property is still below market value as compared to other property including HDBs. The reason is that the government has actually valued all the land on Singapore island at $1,000 per sq ft. The actual built-up area (even for high-rise apartments including HDBs) actually valued more than this land value of $1,000 per sq ft. Most landed properties are sold way below this benchmarked land value. That is why many foreigners see it better to buy landed property in Singapore since it is still below value and there is potential to make profit when they leave the country in few years time. The property price will stay if not go up in next few years for increased population to 6.5 or even 7.5 millions.

Full article: http://singaporemind.blogspot.com/2011/05/how-to-contain-...

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