在新加坡私人住房市场寻找隐藏的宝石在新加坡私人住宅市场寻找隐藏宝石2025-Clementi

Clementi – landed homes at the education belt relatively modest population and correspondinglower housing density makes the town attractiveto homebuyers, due to its proximity to topeducational institutions, diverse retail amenitiesand well-connected transport nodes. However,what is not typically known to most homebuyersis that there are landed housing areas in Clementithat also benefit from the amenities in theneighbourhood. Clementi Planning Area, located in the West Region of Singapore, is amature residential hub characterised by a diverse housing mixcomprising public HDB flats, high-rise private apartments andcondominiums, and landed estates. Data from the Department ofStatistics Singapore revealed that as of June 2024, Clementi was hometo 102,960 residents housed in 44,160 public and private homesacross nine planning subzones in the planning area (Exhibit 1). As the 19th largest planning area in terms of population size, its Among the nine subzones, the largestconcentrations of landed homes can be found inWest Coast (530 units), Faber (460 units), andSunset Way (310 units). LANDED ESTATE IN FABER SUBZONE As with other established residential towns, HDBflats form the predominant housing stock.Nonetheless, private non-landed developmentsand landed enclaves remain integral componentsof the housing landscape, with landed homesaccounting for around 3.9% of the total dwellings(Exhibit 2). Between Q2 2020 and Q2 2025, the landedhousing stock in Clementi grew by just 1.0%,rising from 1,717 to 1,735 units. In contrast, non-landed private homes expanded by asignificant 43.5% over the same period, reaching13,148 units by Q2 2025. These mirror broaderisland-wide trends where the organic growth oflanded housing appears to stagnant in contrast tothe increase in non-landed private home stock.This highlights the relative scarcity of landedhomes and reinforces this housing type as avaluable residential asset class within Clementiand across Singapore. LANDED HOMES SALES IN CLEMENTI Over the past decade, landed property sales inClementi were generally stable, averagingbetween 20 and 30 transactions annually (Exhibit3). This steady trend was upended in 2021, whensales activity surged to 64 transactions worthS$358.0 million. The spike reflected a broaderpost-pandemic rebound in landed demand acrossSingapore, as buyers rushed to secure homesamid expectations of rising prices and strongowner-occupier interest. Thereafter, volumeseased back to normative levels, with 20 salesrecorded in 2022 (S$117.6 million), 28 in 2023(S$203.1 million), and 40 in 2024 (S$244.0million). In the first seven months of 2025, 12landed homes were transacted, amounting toS$79.1 million in total sales value. While the pace of landed transactions inClementi has cooled since 2021, prices of alllanded housing types (detached, semi-detachedand terrace) were consistently on the increase inthe past ten years (Exhibit 4). On the whole, priceincreases for landed homes are inevitable given the scarcity. And barring an unexpected extraordinary crisis, thesehomes tend to hold their value, giving buyers a certain degree ofsecurity for capital preservation. CONNECTED TO EDUCATIONALINSTITUTIONS, AMENITIES AND BEYOND Clementi has always had a unique locationalcharacter in the West with its proximity totertiary institutions such as the NationalUniversity of Singapore (NUS), the SingaporeInstitute of Management (SIM), the SingaporeUniversity of Social Sciences (SUSS), Ngee AnnPolytechnic (NP), Singapore Polytechnic (SP), aswell as international schools. Staff and thestudent population from these institutions oftencongregate in and around Clementi, transitingthrough the MRT stations at Clementi and Dover.At the same time, Clementi is served by amenitiessuch as Clementi Mall, West Coast Plaza,neighbourhood markets, and diverse recreationaloptions that include West Coast Park, PandanReservoir, and the Rail Corridor. LANDED HOMES AS A SOURCE OF CAPITAL PRESERVATIONAND APPRECIATION Over the past decade, landed homes in Clementi consistently tradedbelow the island-wide average, offering comparatively greateraffordability for buyers seeking entry into this exclusive segment ofland-scarce Singapore’s housing pyramid. The real value, however, hasbeen long-term capital appreciation. In 2024, among 40 owners whohad purchased their Clementi landed homes since 1997, 24 resoldtheir properties at profits ranging from 23.3% to 410.9%, after anaverage holding period of 17.6 years (Exhibit 5). The remaining 16sales had acquired their properties prior to 1997 where the originalpurchase details were not available. More recently, between January and July 2025, five sellers whohad bought in 2007 achieved gains of 35.2% to 340.9%, with anaverage holding period of 11.0 years. These figures illustrate not onlythe resilience of Clementi’s landed market but also its potential as along-term wealth-building asset for retirement and legacy planning.For many buyers, the combination