There are also a few areas with unusual landed homes costing way below $1million.
The Housing Board itself has 285 leasehold landed flats in Whampoa and along Stirling Road in Queenstown. These 99-year units were built in the 1970s by the Singapore Improvement Trust, the predecessor of the HDB.
Relatively small houses sitting on varying plots from just under 1,000sqft, can go for around $500,000 to $700,000, said MrCheng.
Such mid-terrace units are rather narrow, considering a typical mid-terrace unit sits on at least 1,600sqft of land, he said.
Then, there are houses with extremely short leases. Banks are not keen to offer loans for such properties, so buyers have to pay cash.
Click here to read the article - Land a house for under $1 million http://luxuryasiahome.wordpress.com/2009/03/29/land-a-house-for-under-1-million/
Source : Sunday Times - 29 Mar 2009
3 comments:
[...] Unusual Landed Homes in Whampoa and Stirling [...]
[...] Unusual Landed Homes in Whampoa and Stirling [...]
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