Hi Ravin, what u say may not b right. A piece of land of land size 20000sqft 30-40yrs ago cost S$80-90K in GCB zone @nassim rd but now land cost alone cost min S$16million(min S$800/sqft). So land sales escalate a lot as yr go by.
Agrees with Howard Teo, file a complaint if necessary to IEA.
Clear cut case, No further illustration is needed.
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Tq Allan Low for being a professional agent who really have the in-depth knowledge of what "Land-Title" mean as all these guidelines are set by SLA or URA.
In the past , landed properties are calculated base on the land size, however these days, it is based on the built-up thats why you see the differences is so great.
If you r require further details, feeel fre to call me for free consultation!
DTZ Property Network Pte Ltd
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Here are some useful resources about
"Land Title" https://goo.gl/Hvmiq4
"Strata Title" https://goo.gl/T904LE
"en bloc sale legislation" https://goo.gl/lfkY5P
There are so much other important things that you should know…
Check it out 400+ posts, contains useful guides & tips, etc.
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“The Ultimate Home Buyer’s-Seller’s Guide”
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