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Borneo Bulletin Yearbook 2019
Detached Houses Preferred - Survey
Detached houses remain a popular choice
in Brunei according to AMBD’s statistical
bulletin released late last year. In the first half
of 2018, the total investment in property came
up to around BND45.9 million.
Meanwhile, land purchases were made
during the same period totaled at around
BND0.7 million. Based on mortgage data
obtained from banks, there were a total of
84 transactions for residential properties
in second quarter of 2018 compared to 92
transactions in first quarter of 2018.
The majority of these transactions in the
second quarter were for detached houses
(51.2 per cent), followed by semi-detached
(21.4 per cent) and terrace houses (21.4 per
cent), apartments (4.8 per cent) and land (1.2
per cent).
The median purchase price for all properties
was BND260,000 in Q2 2018. The median
purchase prices for specific types of properties
were BND280,000 for detached houses,
BND257,500 for semi-detached houses,
BND210,000 for terrace houses, BND283,000
for apartments, and BND300,000 for land.
The overall median purchase price of
residential properties in Q2 2018 decreased
by 8.8 per cent year-on-year compared to Q2
2017, but showed an increase of four per cent
quarter-on-quarter compared to Q1 2018. The
Statistical Bulletin additionally revealed that
the residential property market recorded a
boom in 2015, with 398 transactions having
been made worth BND119.6 million, followed
by 378 transactions in 2016 with a total value
of BND105.3 million, and 357 in 2017 with
total value of BND99.6 million.
In terms of location, demand for residential
houses in Brunei-Muara District surpassed
the rest of the districts, with 133 transactions
recorded in the first six months of this year,
followed by Tutong with 26, and Belait with 17.
No transactions were made in the Temburong
District. This trend is also seen for the past three
years, with the Brunei-Muara District topping the
property-buying popularity list.
New Shopping Complexes Springing Up
2018 also saw a number of new exciting new
property developments across the country, notably
in the Brunei-Muara district as new shopping
and apartment complexes were launched, giving
Bruneians a wider choice in shopping and leisure.
Designed as a lifestyle family-oriented shopping
destination, Aman Hills Shopping Centre
located at Sungai Tilong hosts shopping centre,
shop houses, apartment, hotel and serviced
apartments and is home to Brunei’s first ice-
skating rink and also hosting bowling alleys and
cinemas focusing on premium seats.
Another new development is the OneCity
Shopping Centre in Kampung Salambigar, with
Hua Ho as anchor tenant. OneCity is the nearest
integrated mall for residents in Mengkubau,
Salambigar, Serasa and Mentri; housing a
cinema, apartments and shop lots.