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Alvina Teh, business development director of Brand New Land, which specialises in bespoke landed homes, sees the affordability factor changing as a younger generation of self-made Singaporeans have been entering the landed property market.
And their needs have become a lot more specific in keeping with the pandemic induced new norm. “Buyers used to compare landed home prices in terms of per square feet (PSF) for land area, now they look at landed home prices in terms of PSF for Built Area as a comparison benchmark, reflecting the value buyers are placing on liveable space,” adds Teh.
An open-plan kitchen and dining area of a landed home marketed by Realstar Premier Group. Image: Realstar Premier Group