99 years Leasehold

Alana at Sunrise Terrace Singapore Cluster H...

Alana $ 3,043,902
Alana at Sunrise Terrace Singapore Cluster House Virtual Tour 4 Bedroom  Alana The w [more]
Alana at Sunrise Terrace Singapore Cluster House Virtual Tour 4 Bedroom  Alana The word for “precious, beauti [more]
4 4 3,057 ft2details
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Parkwood Collection Brand New Semi-D Cluster...

$ 4,028,000
 Parkwood Collection Brochure with Floor Plan Parkwood Collection is a rare landed asset [more]
 Parkwood Collection Brochure with Floor Plan Parkwood Collection is a rare landed asset located within the heart [more]
5 5 4,865 ft2details

Greenwood Mews Cluster House with Condo Faci...

$ 4,073,000
Greenwood Mews is a showcase of luxurious cluster houses nestled in the prestigious Greenw [more]
Greenwood Mews is a showcase of luxurious cluster houses nestled in the prestigious Greenwood enclave of Bukit Tima [more]
Vincent 9379 9993
Freehold / 999-years

Terrace House at Lentor Near MRT

$ 4,102,653
Lentor MRT Freehold Landed Spacious Huge Inter Terrace House ★ Freehold ★ Huge Inter Terra [more]
Lentor MRT Freehold Landed Spacious Huge Inter Terrace House ★ Freehold ★ Huge Inter Terrace ★ 4 Bedroom + Guest Ro [more]
5 4 3,014 ft2details
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ACS Barker and SJI within 1km Near Chancery ...

$ 4,500,000
Novena Corner Terrace Cluster House within 1km ACS Barker and SJI Near Chancery Hill Peak [more]
Novena Corner Terrace Cluster House within 1km ACS Barker and SJI Near Chancery Hill Peak (Multiple Units available [more]
Vincent 9379 9993

SJI and ACS Barker within 1km Near Chancery ...

$ 4,500,000
Novena Freehold Terrace Cluster House within 1km ACS Barker and SJI Near Chancery Hill Pea [more]
Novena Freehold Terrace Cluster House within 1km ACS Barker and SJI Near Chancery Hill Peak (Multiple Units availab [more]
Vincent 9379 9993
Freehold / 999-years

Belgravia Ace Freehold Strata Landed

$ 4,531,000
Belgravia Ace is your ideal home situated in the calm Seletar Hills neighbourhood. The Bel [more]
Belgravia Ace is your ideal home situated in the calm Seletar Hills neighbourhood. The Belgravia Drive and off Ang [more]
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99 years Leasehold

Foreigner Eligible Strata Landed

$ 4,695,912
Townhouse Strata Landed Foreigner Eligible  Townhouse! Landed Lifestyle in Condo! For [more]
Townhouse Strata Landed Foreigner Eligible  Townhouse! Landed Lifestyle in Condo! Foreigners eligible to purch [more]
4 4 3,606 ft2details
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Cluster House Novena ACS SJI Novena Square ...

$ 5,300,000
Located at nearly the Peak of Chancery Hill ★ Within 1km to ACS Barker (Primary) & SJI [more]
Located at nearly the Peak of Chancery Hill ★ Within 1km to ACS Barker (Primary) & SJI (Junior) ★ Within 2km to [more]
4 4 3 ft2details
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Semi Detached House Toh Avenue Virtual Tour

$ 5,460,000
Semi Detached House Toh Avenue Freehold ★ Idyllic location in the East, in a peaceful land [more]
Semi Detached House Toh Avenue Freehold ★ Idyllic location in the East, in a peaceful landed-only enclave ★ Modern [more]
5 6 4,925 ft2details
Vincent 9379 9993
Freehold / 999-years

Corner Terrace Cashew

$ 5,610,000
Located in the exclusive residential estate of Upper Bukit Timah, your home is designed to [more]
Located in the exclusive residential estate of Upper Bukit Timah, your home is designed to seamlessly integrate the [more]
5 5 4,478 ft2details
Vincent 9379 9993

Semi Detached House Toh Crescent Virtual Tou...

$ 5,750,000
Semi Detached House Toh Crescent Freehold ★ Idyllic and exclusive landed-only enclave ★ El [more]
Semi Detached House Toh Crescent Freehold ★ Idyllic and exclusive landed-only enclave ★ Elevated land ★ Beautiful d [more]
5 6 4,850 ft2details
Vincent 9379 9993
Freehold / 999-years

Cashew Green Terrace House / Corner Terrace

$ 5,971,056
Cashew Green At Cashew Green, boundaries between indoor and outdoor spaces are made seamle [more]
Cashew Green At Cashew Green, boundaries between indoor and outdoor spaces are made seamless. Every residence is th [more]
5 6 6,254 ft2details
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Foreigners Eligible Landed Lifestyle Condo F...

$ 6,825,320
Foreigners Eligible Landed Lifestyle Condo Facilities ★ Mix Development (18 Commercial uni [more]
Foreigners Eligible Landed Lifestyle Condo Facilities ★ Mix Development (18 Commercial units 119 Residential) ★ Pri [more]
Vincent 9379 9993
Freehold / 999-years

Bungalow West Coast Road

$ 6,830,000
West Coast Road D5 Bungalow Freehold 2.5 storeys with Attic ★ Located in the West Coast la [more]
West Coast Road D5 Bungalow Freehold 2.5 storeys with Attic ★ Located in the West Coast landed-only estate (Easy ac [more]
6 7 6,000 ft2details
Vincent 9379 9993
Freehold / 999-years

Land For Sale in D15 Opera Estate

$ 7,000,000
Freehold Bungalow Land D15 for Rebuild ★ Freehold! ★ Low PSF! ★ Large Land! ★ Best for Reb [more]
Freehold Bungalow Land D15 for Rebuild ★ Freehold! ★ Low PSF! ★ Large Land! ★ Best for Rebuild! ★ Windy! ★ Away fro [more]
Vincent 9379 9993
Freehold / 999-years

Cluster House Meyer Road Virtual Tour

Cluster House Meyer Road $ 7,250,000
Meyer Road Landed Brand New Strata Bungalows Freehold 2.5 storeys with Attic plus Basement [more]
Meyer Road Landed Brand New Strata Bungalows Freehold 2.5 storeys with Attic plus Basement ★ Prime Meyer/Mountbatte [more]
5 6 6,297 ft2details
Vincent 9379 9993
Freehold / 999-years

Terrace House in East Coast D15

$ 7,500,000
Nestled in the mature District 15, close proximity to East Coast Park allows you to take a [more]
Nestled in the mature District 15, close proximity to East Coast Park allows you to take a breather from the hustle [more]
6 6 6,414 ft2details
Vincent 9379 9993
Freehold / 999-years

Semi Detached House Dunearn Road Freehold

$ 7,820,000
Semi Detached House Dunearn Road Freehold 3 storeys ★ Prime Watten / Shelford area ★ Minut [more]
Semi Detached House Dunearn Road Freehold 3 storeys ★ Prime Watten / Shelford area ★ Minutes’ walk to MRT sta [more]
7 8 6,100 ft2details
Vincent 9379 9993
Freehold / 999-years

Corner Terrace Near Goodman Road

$ 7,985,000
★ Freehold ★ Land 3,589sqft ★ Built 6,924sqft ★ West Facing ★ 6 bedroom (ensuite) + 1 maid [more]
★ Freehold ★ Land 3,589sqft ★ Built 6,924sqft ★ West Facing ★ 6 bedroom (ensuite) + 1 maid’s rm ★ CORNER TERRACE (2 [more]
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Semi-D Brand New Near Mattar MRT

$ 7,985,000
Brand New 3.5 Storey Luxury Semi-D, Private Pool & Lift ☆ 3 mins walk to Matter MRT ☆ [more]
Brand New 3.5 Storey Luxury Semi-D, Private Pool & Lift ☆ 3 mins walk to Matter MRT ☆ Est TOP Q2 2023 ☆ 7 Ensui [more]
7 8 4,183 ft2details
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Botanic Gardens Freehold Brand New Semi D Ho...

$ 8,000,000
Botanic Gardens Brand New Freehold Semi D Home Lift with Pool ★ Prime Freehold Semi-D ★ A [more]
Botanic Gardens Brand New Freehold Semi D Home Lift with Pool ★ Prime Freehold Semi-D ★ A unique design utilizing t [more]
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Barker Road Semi Detached House Freehold Vir...

$ 8,560,000
Barker Road Semi Detached House Freehold ★ Prime Chancery area ★ Minutes’ walk to An [more]
Barker Road Semi Detached House Freehold ★ Prime Chancery area ★ Minutes’ walk to Anglo-Chinese School (Barke [more]
5 6 5,100 ft2details
Vincent 9379 9993
Freehold / 999-years

Semi Detached House Beauty World

$ 8,700,000
Brand New Freehold Semi-Detached With Pool Lift Basement Car Park TOP Soon Call Vincent 93 [more]
Brand New Freehold Semi-Detached With Pool Lift Basement Car Park TOP Soon Call Vincent 9379 9993 Now to View! ★ Fr [more]
5 7 7,700 ft2details
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Semi Detached House Jalan Jelita

$ 8,720,000
Jalan Jelita Landed Brand New Semi-D 999year 2.5 storeys with Attic ★ Prime Holland Rd pre [more]
Jalan Jelita Landed Brand New Semi-D 999year 2.5 storeys with Attic ★ Prime Holland Rd precinct ★ Walk to Jelita Co [more]
Vincent 9379 9993

Bungalow Toh Heights

$ 8,730,000
Bungalow Toh Heights Freehold 2.5 storeys with Attic plus Basement Carpark ★ Idyllic locat [more]
Bungalow Toh Heights Freehold 2.5 storeys with Attic plus Basement Carpark ★ Idyllic location in the East, a tranqu [more]
6 7 7,670 ft2details
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Orchard Road Semi Detached House Virtual Tou...

$ 9,280,000
Orchard Road Brand New Landed Luxury Semi-D ★ Prime One Tree Hill / Paterson Hill locale / [more]
Orchard Road Brand New Landed Luxury Semi-D ★ Prime One Tree Hill / Paterson Hill locale / Orchard ★ Nestled in the [more]
6 7 4,180 ft2details
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Semi-Detached Brand New Near Orchard Road

$ 9,300,000
Semi-Detached Brand New Near Orchard Road This full-fledged semi-D in the heart of Singapo [more]
Semi-Detached Brand New Near Orchard Road This full-fledged semi-D in the heart of Singapore, the heart of Orchard [more]
4 4 4,800 ft2details
Vincent 9379 9993
Freehold / 999-years

Land for Sale Combination of 2 Land

$ 9,379,500
Freehold Bungalow Land D15 for Rebuild ★ Freehold! ★ Low PSF! ★ Large Land! ★ Best for Reb [more]
Freehold Bungalow Land D15 for Rebuild ★ Freehold! ★ Low PSF! ★ Large Land! ★ Best for Rebuild! ★ Windy! ★ Away fro [more]
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Freehold Semi-Detached Land Botanic Garden

$ 9,680,000
Rare and unique location! Land For Your Rebuild – A Green Home in Botanic Garden Vic [more]
Rare and unique location! Land For Your Rebuild – A Green Home in Botanic Garden Vicinity. Perpetually unbloc [more]
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Brand New Semi-Detached House King Albert Pa...

$ 9,880,000
★ Effortless Luxurious, Infinitely Stylish, Outstanding Spacious. ★ Rarely available! ★ Ca [more]
★ Effortless Luxurious, Infinitely Stylish, Outstanding Spacious. ★ Rarely available! ★ Car Collected Love Park 6-8 [more]
5 5 6,855 ft2details
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Semi-D Novena Brand New with Home Lift Luxur...

$ 10,950,000
Novena Brand New Luxury Semi-D with Home Lift ★ Freehold ★ District 11 ★ Excellent locatio [more]
Novena Brand New Luxury Semi-D with Home Lift ★ Freehold ★ District 11 ★ Excellent location within Chancery & D [more]
5 6 6,310 ft2details
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Semi-D Near Sixth Avenue MRT Brand New Freeh...

$ 11,938,000
Sixth Avenue MRT Brand New Freehold Semi-D ★ Freehold ★ 2.5 storey + Basement ★ Home Lift [more]
Sixth Avenue MRT Brand New Freehold Semi-D ★ Freehold ★ 2.5 storey + Basement ★ Home Lift ★ 4 Ensuite Bedrooms ★ 1 [more]
5 5 6,974 ft2details
Vincent 9379 9993
Freehold / 999-years

Bungalow Goodman Road

$ 13,500,000
Goodman Road Bungalow ★ Prime Mountbatten/Katong area, close to the city ★ Nestled in an e [more]
Goodman Road Bungalow ★ Prime Mountbatten/Katong area, close to the city ★ Nestled in an exclusive bungalows-only l [more]
6 7 7,300 ft2details
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Brand New Detached House King Albert Park MR...

$ 14,880,000
★ Effortless Luxurious, Infinitely Stylish, Outstanding Spacious. ★ Rarely available! ★ Hu [more]
★ Effortless Luxurious, Infinitely Stylish, Outstanding Spacious. ★ Rarely available! ★ Huge Detached Land size 5,3 [more]
7 5 11,563 ft2details
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Brand New Bungalow Botanic Gardens

$ 15,500,000
★ Prime Freehold Bungalows ★ Exclusive Bungalow Zone ★ A home of Luxe and Elegance. Quietl [more]
★ Prime Freehold Bungalows ★ Exclusive Bungalow Zone ★ A home of Luxe and Elegance. Quietly indulgent, trendsetting [more]
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Bungalow Novena Brand New Freehold 1km to AC...

$ 15,500,000
Bungalow Brand New Freehold 1km to ACS and CHIJ ★ Brand New ★ Freehold ★ 18m Pool ★ Home L [more]
Bungalow Brand New Freehold 1km to ACS and CHIJ ★ Brand New ★ Freehold ★ 18m Pool ★ Home Lift (Schindler) access to [more]
5 6 9,808 ft2details
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Detached House at Novena Brand New Luxurious...

$ 15,500,000
Novena Brand New Luxurious Designed Detached House ★ Located off Thomson Road (431m to Nov [more]
Novena Brand New Luxurious Designed Detached House ★ Located off Thomson Road (431m to Novena MRT Stations) ★ Easy [more]
6 6 10,150 ft2details
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Bungalow Lornie Road

$ 15,600,000
Lornie Road Landed Brand New Bungalow Freehold 2.5 storeys with Attic ★ Prime District 11 [more]
Lornie Road Landed Brand New Bungalow Freehold 2.5 storeys with Attic ★ Prime District 11 ★ Rare collection of bung [more]
6 7 9,350 ft2details
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Bungalow Vanda Road Virtual Tour

$ 16,820,000
Vanda Road Bungalow Freehold 2.5 storeys with Attic ★ Prime Eng Neo / Vanda landed estate [more]
Vanda Road Bungalow Freehold 2.5 storeys with Attic ★ Prime Eng Neo / Vanda landed estate ★ Only about 100 metres t [more]
6 7 8,120 ft2details
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Dunearn Road Bungalow Freehold

$ 17,300,000
Dunearn Road Bungalow Freehold ★ Prime Kheam Hock / Cluny landed-only enclave ★ Located in [more]
Dunearn Road Bungalow Freehold ★ Prime Kheam Hock / Cluny landed-only enclave ★ Located in an exclusive bungalows-o [more]
5 6 9,350 ft2details
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PEARL ISLAND VIRTUAL TOUR Foreigners Eligibl...

$ 17,370,750
Pearl Island @ Sentosa Cove When Sentosa Cove was first planned, there were two water feat [more]
Pearl Island @ Sentosa Cove When Sentosa Cove was first planned, there were two water features that were to be the [more]
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Bungalow University Road Vicinity

$ 17,700,000
University Road Vicinity, Lush Greenery, Motivated Seller Resort Home Living ★ Freehold ★ [more]
University Road Vicinity, Lush Greenery, Motivated Seller Resort Home Living ★ Freehold ★ Lush Greenery ★ 7 Spaciou [more]
7 7 6,028 ft2details
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Dyson Road Bungalow For Sale

$ 18,750,000
Bungalow House @ Dyson road for Sale ★ Freehold ★ Near Mount Pleasant MRT (Completing in 2 [more]
Bungalow House @ Dyson road for Sale ★ Freehold ★ Near Mount Pleasant MRT (Completing in 2022) ★ On Elevated Ground [more]
4 4 10,062 ft2details
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Orchard Road Detached House Virtual Tour

$ 19,600,000
Orchard Road Detached House Brand New Bungalow / Freehold / 2.5 storeys with Attic & B [more]
Orchard Road Detached House Brand New Bungalow / Freehold / 2.5 storeys with Attic & Basement ★ Located in the [more]
6 7 6,780 ft2details
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Bungalow Brand New Near Raffles Town Club Bo...

$ 20,000,000
Raffles Town Club Botanic Gardens Brand New Bungalow ★ 5 bedroom Ensuite ★ Land 5,000sqft [more]
Raffles Town Club Botanic Gardens Brand New Bungalow ★ 5 bedroom Ensuite ★ Land 5,000sqft & Build 12,000sqft ★ [more]
5 5 12,000 ft2details
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Brand New Bungalow Near Sixth Avenue MRT RGS...

$ 20,000,000
★ Near to Sixth Avenue MRT station, prestigious schools and institutions ★ Elevated land ★ [more]
★ Near to Sixth Avenue MRT station, prestigious schools and institutions ★ Elevated land ★ Lift to basement, 1st fl [more]
6 6 9,669 ft2details
Vincent 9379 9993

Bungalow Modern and Beautiful near Botanic G...

$ 22,400,000
Stunning Tropical Bungalow with a lovely pool & a home lift . A short walk to Botanic [more]
Stunning Tropical Bungalow with a lovely pool & a home lift . A short walk to Botanic Gardens/ MRT. Enjoy the l [more]
6 6 8,500 ft2details
Vincent 9379 9993

BUKIT TIMAH DETACHED HOME MODERN AND MAJESTI...

$ 22,800,000
Designed by Award-Winning Architect Yip Yuen Hong of ipli Architects. This Bungalow is des [more]
Designed by Award-Winning Architect Yip Yuen Hong of ipli Architects. This Bungalow is designed to maintain your pr [more]
6 8 12,238 ft2details
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Ocean Drive Sentosa Cove Bungalow Foreigners...

$ 26,800,000
Ocean Drive Sentosa Cove Brand New Bungalows 99yr-LH 2.5 storeys with Attic with Basement [more]
Ocean Drive Sentosa Cove Brand New Bungalows 99yr-LH 2.5 storeys with Attic with Basement ★ Rare waterfront houses [more]
5 6 9,680 ft2details
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Bungalow Near Botanic Gardens

$ 27,000,000
Freehold Beautiful Modern Bungalow Near Botanic Gardens for Sale Imagine coming home after [more]
Freehold Beautiful Modern Bungalow Near Botanic Gardens for Sale Imagine coming home after a long day’s of wo [more]
Vincent 9379 9993

Detached House Raffles Park / Vanda Road / L...

$ 27,000,000
Raffles Park / Vanda Road / Linden Drive Elevated Land ★ Majestic & Magnificent huge b [more]
Raffles Park / Vanda Road / Linden Drive Elevated Land ★ Majestic & Magnificent huge bungalow ★ Comes with a lu [more]
7 6 7,400 ft2details
Vincent 9379 9993

Ocean Drive Sentosa Cove Bungalow Foreigners...

$ 36,500,000
Ocean Drive Sentosa Cove Modern Landed Bungalow 99yr-LH 2.5 storeys with Attic ★ Rare seaf [more]
Ocean Drive Sentosa Cove Modern Landed Bungalow 99yr-LH 2.5 storeys with Attic ★ Rare seafront house ★ Located alon [more]
5 6 11,200 ft2details
Vincent 9379 9993

Good Class Bungalow Modern Holland Vicinity

$ 53,000,000
Modern Good Class Bungalow Near Botanic Garden Holland Vicinity ★ On High Ground ★ Regular [more]
Modern Good Class Bungalow Near Botanic Garden Holland Vicinity ★ On High Ground ★ Regular Shape ★ Serene Environme [more]
Vincent 9379 9993

 

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.

 

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