Detached houses still best bet for developers : The Standard
Detached houses still best bet for developersTownhouseDespite falling demand, standalone houses still make business sense for property developers.According to a report by Cytonn Real Estate, the detached housing segment can still offer good returns to longsighted investors. â... we expect appetite for the rental market to continue growing, especially in the high-end and upper mid-end markets. The trend comes in the face of recent declining showing for detached houses. The report had shown that in 2001, apartments took up 23.5 per cent of the market as semi-detached took up 24.5 per cent while detached houses took up 52 per cent. Semi-detached houses took up 29.2 per cent while detached houses took up 15.2 per cent.