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…
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It has been 13 years now. From what you mentioned, a lot has to do with "someone recently bought" and "secondly someone bought" a freehold property.
Have you gotten for yourself yet?
Let me know if you still need help !
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Feel free to reach out for any real estate related matters on Whatsapp at 9 01234-21 and I would gladly assist.
Have a good day!
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