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Landed Property Singapore

Landed Property in Singapore is not just a house, it is a status symbol. Only 5% of Singapore's population stay in landed property. Before you buy any landed property its important to understand the type of landed property and the rules and regulation for landed property.

Type of Landed Property in Singapore

Terrace House 
Terrace house are houses joined together by common boundary, it comprises of 3 unit or more join together.
Terrace-I Intermediate
Minimum plot size : 150sqm 
Minimum width : 6m
Setback Control Front : 7.5m,  Rear : 2m
Boundary Clearance for Roof Eaves Front : 2.4m, Carporch : 2.4m, Side / Rear : 1m
Terrace-II Intermediate 
Minimum plot size : 80sqm 
Minimum width : 6m
Setback Control Front : 1m,  Rear : 2m
Boundary Clearance for Roof Eaves Front : nil, Side / Rear : 1m

Corner Terrace
Corner Terrace are the corner units of terrace house.
Corner Terrace-II
Minimum plot size : 80sqm
Minimum width : 8m
Setback Control Front : 1m Side : 2m Rear : 2m
Boundary Clearance for Roof Eaves Front : nil, Side / Rear : 1m

Semi Detached House
Semi Detached House are houses link to 1 other semi detached house.
Semi detached & Corner Terrace-I
Minimum plot size : 200sqm
Minimum width : 8sqm
Setback Control Front : 7.5m Side : 2m Rear : 2m
Boundary Clearance for Roof Eaves Front : 2.4m Car porch : 2.4m Side / Rear : 1m

Bungalow / Detached House
Minimum size of 400sqm (4,306sqft) with max site coverage of 50% Bungalow are Detacthed House where no house are linked to it.
Minimum plot size : 400sqm
Minimum width : 10m
Setback Control Front : 7.5m Side : 2m Rear : 2m
Boundary Clearance for Roof Eaves Front : 2.4m Car porch : 2.4m Side / Rear : 1m

Good Class Bungalow 
Top Tier Property in Singapore. minimum 1,400sqm (15,070sqft), minimum depth of 30m, with max site coverage of 40% meaning you get large gardens, swimming pools and other luxury facilities. Only a small number of Good Class Bungalow is available approximately 1000 spread among the authorized Good Class Bungalow Area
Minimum plot size : 1400sqm
Minimum width : 18.5m
Setback Control Front : 7.5m Side : 3m Rear : 3m
Boundary Clearance for Roof Eaves Front : 5.1m Car porch : 2.4m Side / Rear : 1.6m

Cluster House / Strata Landed 
Cluster Homes inside a gated zone where the landed houses share common facilities like swimming pool, gyms and other recreational facilities.

Townhouse (Foreigner Eligible) 
Townhouse are strata landed foreigner eligible to buy, these are located inside a condo and share the facilities of the condo.

Sentosa Landed
Located in Sentosa island, landed property foreigner eligible to buy

Designated Landed Housing Area

Good Class Bungalow Area
2 storey Bungalow
3 storey Bungalow
2 Storey Semi detached
3 Storey Semi detached
2 Storey Mixed Landed 
3 Storey Mixed Landed

https://www.ura.gov.sg/maps/ > Menu > Control Plans > Fliter > Landed Housing Area > Activate > Done

Non Designated Area

Mix Housing Area

You might see some landed property without designated housing area type, these are Non Designated Area and you will usually see a plot ratio example 1.4. These area can be redevloped into flats. For Flat development, the land must have minimum site area of 1,000sqm. Flats are allowed in Mixed Housing Areas but not in safeguarded designated landed housing areas for Bungalow, Semi detached and mixed landed housing.

How Much Do Landed Properties Cost?

Depending on the type of landed property you want to get, you can expect to pay between a few hundred thousand dollars (usually with little lease remaining) up to S$100 million (Massive Good Class Bungalow). When breaking down the landed properties into their categories, we found that a fully detached bungalow sold for an average of S$13,100,000, semi-detached properties sold for an average of S$4.1 million and terrace houses sold for an average of S$2.85 million in the first 6 months of 2018. The most expensive properties are Good Class Bungalows (GCBs) which typically cover over 1,400 square metres and are quite rare, with only around 2,700 of them built. These are located mainly in District 10 and 11 and cost more than S$1,600 per square foot.

Furthermore, landed properties come with different types of leaseholds which can also change how much a home costs. Freehold properties are the most expensive, followed by 999-year leaseholds and 99-year leaseholds. Intuitively, the less years left on a leasehold, the cheaper it is. Thus, while you may not be able to afford a GCB, you may be able to afford a smaller 99-year lease semi-detached home with around 10-30 years left. In fact, there are a couple on the market that cost between S$300,000 and S$400,000

Only the Top 5% of Earners Can Afford a Landed Property

On average, you would need to have a monthly income of around S$34,646 per household to afford the average terrace house sold in the first half of 2018—putting you in the top 5% of earners in Singapore. These 6-figure-per-month earners include specialist medical practitioners, CFOs, financial directors and lawyers. Nonetheless, financing a terrace home is still be a costly endeavour. If we assume that you are making a downpayment of 25%, you will need S$714,590 for the downpayment and will pay about S$9,086 for your monthly mortgage payment given an interest rate of approximately 2%

On the other end of the spectrum, to afford a relatively less expensive detached bungalow, you'd need an average monthly household salary of S$165,116 to be able to afford monthly mortgage payments. Not only that, but you would also need around S$3,275,143 of spare cash just for the 25% down payment. This down payment alone is already 30 times greater than the median Singaporean household salary. Furthermore, not only will your monthly mortgage be around S$41,279, but you will also end up paying S$2.7 million and S$4.2 million dollars in total interest (that is, if you're not buying the property in cash). Thus, the majority of the people who can afford bungalows, especially GCBs, are very high-income individuals.

Expected Costs of Maintaining a Landed House

In addition to the upfront costs of purchasing a landed property being higher, you should expect to pay more for everything from home insurance to energy bills. For instance, landed property owners on average spend 110% more on home insurance than HDB and Condo owners. Furthermore, you should also expect to spend a lot more on furnishings and renovations due to the sheer increase in size compared to the typical HDB and Condo.

Semi-detached unit sees fierce bidding in year's first property auction

Landed Properties: Things to Know Before Buying Them Reserved for Singaporeans

Even though it is private property, the government still has a say on who can own it. Generally Foreigners are are not allowed to purchase landed properties. Only Singaporeans are able to own landed properties with no questions asked. With that said, Permanent Residents (PRs) for at least 5 years can apply to be owners of landed properties (For More Information) (LDAU Approval). However, this is not a straightforward process. Applications are assessed on a case-by-case basis, based on factors such as whether you have made economic contributions to Singapore 

The Sky is NOT the Limit

Tearing the property down and rebuilding it, or even adding another floor, is not as simple as stacking Lego blocks. You will have to check out what the maximum number of floors allowed by URA is for your plot under the Landed Area Housings Plan. Land zoned for 3 floors permits you to have 3 floors plus an attic, which usually translates to a higher land price. On the other hand, land zoned for 2 floors allows you to build 2 floors plus an attic, lowering the price of the land.

Professional inspectors needed

With huge power comes huge responsibilities. In this case, with huge land space, comes huge problems! A landed property’s assessment may be more tedious as compared to that of an apartment. Engaging a professional would be encouraged to ensure that nothing goes wrong in the process without any headaches! Here are some areas that could be a cause for concern when you purchase your property.

Foundation

When you hear the words “foundation” and “issues”, it’s time to reconsider your purchase! It is an issue whose resolution could cost you badly – both money and time. It is essential to look for homes with compromised foundations. This can highlight misaligned walls, window frames, and doors, as well as cracks in the house. 

Moisture

Issues related to moisture can also be a wet blanket to your plans for a dream home. It is commonly found in landed properties with a basement. Some of the obvious signs include leaks or mold growing in the house, and should be avoided at all costs.

Soil

It would be ideal for your home to sit in an area containing compact soil in contrast with loose and overly soft soil. Loose soil may require the installation of sheet piling so as to provide earth retention and excavation support. The total cost may differ for each case but either way, it would cost a pretty hefty sum.

Roofing

When finding the ideal roof over your head, it is essential that the roof actually works. A leaky roof should be avoided at all costs! They require a large amount of money to fix, so you should either have the previous owners fix it, or find another home. However, if the roof is slightly discolored, you can throw a coat of paint or clean it with bleach.

Landed Property News

$128.8m Sale of Nassim Road Bungalow sets record transaction price of $4,005psf

TikTok CEO reportedly buying Queen Astrid Park GCB for $86million  S$2,700psf