With the financial market woes subsiding, the prospect of landed home sale in Singapore looks much brighter in the near term. 

As it is, there will only be another new 1,872 landed units being added into the market in the next three to four years. Add that to the current 68,360 landed houses in Singapore, there would only be around 70,232 landed homes compared with the total of about 250,000 private properties in the next few years. In short, landed properties would make up only around 28% of the total private property stock.   Unlike the meteoric rise of upscale apartment prices since last year, there are still many good bargains in the landed home market in outlaying areas. The near term should see more upper-middle income earners jostling for a coveted prize of land before the bull-run sets in motion again anytime soon.  From the investment yield perspective, the current rental yield for landed homes is extremely high with some semi-detached houses asking for $8,000 a month in rent. In fact, rents for semi-detached houses have risen by 11.4% year-on-year. 

Detached houses are now dearer to rent with an increase of 13% in the yearly rental index. Rents for terrace houses have gone up by 17.3% compared to last year.  

The push-pull factors of limited supplies and soaring rents should heighten the demand for landed residential properties in the next few months. The current market lull should be cherished by house hunters trying to reach the star. They will do well to grab a house of their choice and not let the opportunity slip. The property bull may be roused anytime from now -  home prices are set to roar again.

Article by Sam Gian