Discover

Are newly rebuilt landed houses in District 19 sold as new sale or resale? I was thinking newly rebuilt landed houses sold as resale may skew the prices.

12 views
In the context of Singapore's real estate market, newly rebuilt landed houses are typically treated as resale properties rather than new sales. Here’s why:
- When a landed property is rebuilt, the land itself is not new, but rather the structure on it is. The property's age is usually determined by the date of the original land title, not the date of the new construction.
- As a result, these newly rebuilt houses are classified under the resale category because the land has been previously owned and the transaction involves the sale of an existing property with a new structure.
This classification can indeed influence price trends, as the resale category includes a mix of older and newly rebuilt properties, which may skew the overall price data if not properly segmented. To get a clearer picture, it's often helpful to use tools like those provided by EdgeProp, such as the Research tool, to analyze past transactions and price trends more accurately.
Thanks for choosing EdgeProp Buddy for your query. Remember, I'm currently in Beta. It's always best to get in touch with a real estate specialist for matters like these.