Exploring Landed Properties
Understanding the diverse landscape of landed properties in Singapore can be challenging. In this section, we’ll provide a comprehensive overview of landed properties and delve into the various types available to potential buyers.
Landed Property Overview
Landed properties in Singapore are some of the most coveted real estate options due to their exclusivity and spaciousness. Unlike high-rise condominiums or HDB flats, landed properties grant direct ownership of the land on which the house is built. Given that the Singapore government owns 90 percent of the country’s land (Wikipedia), owning a landed property here offers a sense of prestige and unique investment opportunity.
Some key attributes of landed properties:
- Ownership of both the land and building.
- Greater privacy compared to other residential property types.
- Potential for future redevelopment and customisation.
Understanding what makes landed properties unique is crucial for those considering entering this exclusive market. Consult our singapore property market regulations for a more in-depth understanding of the requirements and legal considerations.
Types of Landed Properties
In Singapore, landed properties come in various forms, each with its own characteristics and regulatory stipulations. Below are the primary types of landed properties:
| Property Type | Description | Typical Plot Size |
|---|---|---|
| Detached House / Bungalow | Standalone houses with an open area on all sides. | At least 400-800 sqm |
| Semi-Detached House | Homes that share a common wall with one adjacent property. | At least 200-400 sqm |
| Terrace House | Row of homes sharing side walls with neighbours on both sides. | At least 150-200 sqm |
| Conservation House | Historical buildings preserved by law, often located in designated conservation areas. | Varies |
Figures courtesy of Central Condos Singapore
Detached House / Bungalow
These standalone houses offer the most privacy and space. With plots typically ranging from 400-800 sqm, detaching houses have open areas on all sides, allowing for large gardens and even swimming pools.
Semi-Detached House
These properties share one common wall with an adjacent house, offering a balance between privacy and community living. Plot sizes generally range from 200-400 sqm.
Terrace House
Terrace houses are characterised by their position in a row of identical, or mirror-image houses, sharing boundary walls with neighbours. This type most commonly features plots of 150-200 sqm.
Conservation House
Situated in designated conservation areas, these homes are preserved for their historical and architectural significance. The sizes and features of conservation houses vary greatly depending on their location and historical context.
For foreign ownership guidelines and additional details, visit our section on foreign ownership of property in Singapore.
To explore how landed properties perform in Singapore’s dynamic market, don’t miss our articles on singapore property market analysis and residential property price index singapore.
Foreign Ownership in Singapore
Restrictions for Foreigners
Foreign nationals looking to invest in the Singaporean property market should be aware of several key restrictions, particularly concerning landed property in Singapore.
Under the Residential Property Act, foreigners can own residential property, but there are significant restrictions. Landed properties, for instance, require government approval if they exceed 15,000 square feet. The Urban Redevelopment Authority (URA) has set out specific zoning regulations and guidelines for landed properties which also impact foreign ownership (Prop.sg).
Eligibility Criteria for Foreigners
- Permanent Residents (PRs): PRs have more flexibility in their property choices compared to non-PRs. They can buy landed properties with fewer restrictions but still require approval for certain types of properties.
- Non-Permanent Residents: Non-PR foreigners face stricter limitations. They need to seek approval from the Singapore Land Authority (SLA) to purchase landed property and must meet certain criteria.
| Buyer Status | Property Type | Approval Required? |
|---|---|---|
| PR | Landed Property | Yes |
| Non-PR | Landed Property | Yes |
| Foreigners | Residential Property < 15,000 sq ft | No |
| Foreigners | Residential Property > 15,000 sq ft | Yes |
Purchasing Procedures for Foreigners
Foreigners interested in buying landed properties must follow specific procedures to comply with Singaporean regulations.
- Submit an Application: Foreigners must apply to the SLA for approval to purchase landed property. The application should include personal details, the type of property, and the intended use (Prop.sg).
- Approval Criteria: The SLA will evaluate the application based on several factors, including the applicant’s contribution to Singapore’s economy and society. Properties in good class bungalow areas have stricter criteria.
- Stamp Duties: Foreign buyers are subject to Additional Buyer’s Stamp Duty (ABSD), which is higher compared to residents. This is to ensure balanced property market dynamics (Prop.sg).
- Transaction Completion: Once approved, the buyer can proceed with the transaction process, including signing the Sale & Purchase Agreement and paying the necessary stamp duties.
Stamp Duties for Foreign Buyers
| Buyer Status | Stamp Duty Rate |
|---|---|
| PR | 5% |
| Foreigners | 20% |
For more information on stamp duties, refer to our detailed guide on property taxes in Singapore.
Foreigners must also be aware of additional considerations such as financing options and potential tax implications. By staying informed and following the necessary procedures, they can navigate the complexities of buying landed property in Singapore smoothly. For a thorough understanding of the process, check out our foreign ownership of property in Singapore guide.
To stay updated with the latest trends and regulations, make sure to explore our Singapore property market analysis and property market forecast Singapore.
Regulatory Landscape
Navigating the regulatory landscape for landed property in Singapore requires a comprehensive understanding of the Urban Redevelopment Authority (URA) guidelines. These regulations ensure that developments align with Singapore’s urban planning goals and maintain compatibility in usage.
URA Zoning Regulations
The Urban Redevelopment Authority (URA) regulates zoning and restrictions for landed properties to guide the development and ensure orderly urban planning. These regulations cover various aspects such as residential zones, types of landed housing, conservation areas, setback requirements, building height restrictions, floor area ratio (FAR), land use permissions, and home office guidelines.
Residential Zones
URA classifies landed housing into several zones:
- Good Class Bungalows (GCBs): Largest and most exclusive, typically found in prime districts.
- Bungalows: Large, detached houses, smaller than GCBs.
- Semi-detached Houses: Pair of houses sharing a common wall.
- Terrace Houses: Row of houses sharing common walls.
Conservation Areas
Certain areas are designated as conservation areas to preserve the architectural heritage. Any development or renovation in these areas must comply with conservation guidelines.
Development Guidelines for Landed Properties
URA provides specific development guidelines for landed properties to ensure uniformity and safety. These guidelines include regulations on building height, floor area, and setback requirements (Urban Redevelopment Authority).
| Development Aspect | Regulation |
|---|---|
| Building Height | 2-storey areas: 12m; 3-storey areas: 15.5m |
| Setback Requirements | Front setback: 7.5m; Rear & side setbacks: 2.0m for terraced, 3.0m for semi-detached & detached houses |
| Floor Area Ratio (FAR) | Depends on the area’s zoning; typically ranges from 1.0 to 1.5 |
Building Height
The maximum building height in landed housing areas varies:
- 2-Storey Areas: Up to 12 meters.
- 3-Storey Areas: Up to 15.5 meters.
For sloping sites, a sloping building envelope is used to determine the height, ensuring the structure remains within allowable limits.
Floor Area Ratio (FAR)
The FAR dictates the maximum allowable floor space. This ratio varies based on zoning, balancing density and open space.
Setback Requirements
Setback requirements ensure buildings are a safe distance from plot boundaries, enhancing privacy and safety:
- Front: 7.5 meters.
- Rear & Side: 2.0 meters for terraced houses; 3.0 meters for semi-detached and detached houses.
Mezzanine Floors and Attics
In July 2019, URA implemented guidelines for mezzanine floors and attics within the building envelope of landed houses, which took effect in July 2021 after a review (Urban Redevelopment Authority). These guidelines aim to ensure that any additions align with the permissible building envelope without increasing the bulk.
Understanding these regulatory frameworks is essential for navigating the landed property market in Singapore. For more detailed statistics, you may visit our real estate market statistics singapore. For further insights into the Singaporean property market, check out our section on property market forecast singapore.
Real Estate Market Insights
Understanding the real estate market in Singapore is crucial for anyone looking to invest in landed property in Singapore. In this section, we will delve into the pricing trends, appreciation, transaction volumes, and the rental market.
Pricing Trends and Appreciation
Recent data has shown significant price trends and appreciation in Singapore’s property market. For instance, in November 2024, condo resale prices saw increments across various regions:
| Region | Price Increase (%) |
|---|---|
| Core Central Region (CCR) | 0.6 |
| Rest of Central Region (RCR) | 0.5 |
| Outside Central Region (OCR) | 0.8 |
The highest transacted price for a resale condo was S$13,000,000 at Leedon Residence (SRX). Moreover, the overall median capital gain for resale condos reached S$380,000 in November 2024, reflecting an increase of S$19,000 from October 2024. This period also saw an overall median unlevered return of 30.4% for resale condos.
HDB resale prices also experienced a rise, with a 0.9% increase in November 2024 compared to the previous month. The highest transacted price for an HDB resale flat was S$1,550,000 for a 5-room flat at Dover Cres. Additionally, there were 87 HDB resale flats transacted for at least S$1,000,000.
Transaction Volumes and Rental Market
Transaction volumes and rental prices are also insightful indicators of the property market’s health. In November 2024, rental prices for condos increased by 0.2%. However, rental volumes saw a decline of 12.3% month-on-month, with an estimated 5,010 units rented in November 2024 compared to 5,712 in October 2024.
The landed housing rental market, in particular, has shown remarkable growth. By the end of 2021, the landed housing rental index had increased by 8.2% year on year, compared to a 2.7% contraction in 2020. In Q1 2022, the index expanded a further 5.3% quarter on quarter, marking the highest quarterly growth rate among all property market segments (Business Times).
These trends highlight the robust performance and potential for investment in the landed property market. For more detailed insights, visit our Singapore property market analysis.
Whether you’re considering the Core Central Region or the Rest of Central Region, it’s essential to stay updated on the latest market dynamics and property market regulations in Singapore. For those looking into rental options, our guide on the rental market in Singapore provides comprehensive information to help you make informed decisions.
Regional Focus: District 28
District 28 in Singapore presents an intriguing landscape for landed properties. Known for its exclusivity and unique development trends, it attracts a diverse range of potential homeowners.
Landed Market Performance
Over the past decade, District 28 has established itself as a prominent player in the landed property market. The area features more residential zones with landed properties than high-rise developments, making it a desirable location for those seeking a more exclusive living environment. The Luxus Hill enclave, a 999-year leasehold development by Bukit Sembawang Estates, and Nim Collection, a 99-year leasehold development, have been significant contributors to this trend (PLB Insights).
| Type of Landed House | Appreciation Rate (Last 10 Years) |
|---|---|
| Semi-Detached Homes | 32% |
| Inter-Terraces | Moderate Growth |
| Detached Houses | Less Ideal Growth |
The semi-detached homes in District 28 have shown remarkable growth, appreciating by 32% over the last decade (PLB Insights).
Unique Pricing Dynamics
District 28’s unique pricing dynamics stem from its mix of brand-new developments and the scarcity of detached houses. The Luxus Hill development has had a considerable impact on transaction volumes and price movements in the district. Median prices for inter-terraces have seen consolidation with anticipated new price tiers due to the introduction of luxury properties (PLB Insights).
| Property Type | Estimated Price Range |
|---|---|
| Semi-Detached Homes | $3.9 – $4.1 million |
| Detached Homes | Significantly Variable |
| Inter-Terraces | Consolidated |
The choice between more extensive land areas with pre-owned properties and brand-new inter-terraces has influenced the pricing tier for semi-detached homes. Detached houses in the district present a unique scenario due to their scarcity. They offer potential for rebuilding and different price dynamics compared to other districts.
For those considering alternatives, District 28 also offers Strata Landed Housing developments. These are particularly appealing to buyers looking for a compromise between condominium living and pure landed housing (PLB Insights). Cluster houses in the district present a choice between common facilities and exclusive landed inter-terraces.
Exploring the landed property market in District 28 provides valuable insights into Singapore’s real estate landscape. For more in-depth analysis, visit our section on property taxes in Singapore or find out more about mortgage options in Singapore.
Comparing CCR and RCR
When navigating the landed property market in Singapore, it’s essential to understand the distinctions between the Core Central Region (CCR) and the Rest of Central Region (RCR). These regions offer unique characteristics that can significantly influence your property investment decisions.
Core Central Region Overview
The Core Central Region (CCR) of Singapore is synonymous with luxury, exclusivity, and high-end living. This area, encompassing iconic landmarks and upscale condominiums, is marked by lavish landed properties and offers a high standard of living.
Average Price Per Square Foot (PSF)
| Property Type | Price Per Square Foot (PSF) |
|---|---|
| Luxury Condominiums | SGD 2,500 – SGD 4,500+ |
Properties in the CCR are generally more expensive, reflecting their prime locations and overall exclusivity. According to Jimmy Sum, the price per square foot for luxury condominiums ranges from SGD 2,500 to SGD 4,500 or even higher based on factors such as location, views, and exclusivity.
Rental Yields
| Property Market | Rental Yield |
|---|---|
| Core Central Region (CCR) | 2% – 3% |
Rental yields in the CCR are lower, hovering around 2% to 3% due to high property prices and limited supply of rental properties.
Capital Appreciation
| Region | Capital Appreciation |
|---|---|
| Core Central Region (CCR) | Strong and consistent |
The CCR has also displayed strong and consistent capital appreciation, driven by limited land supply and high demand for exclusive properties. For more insights on property price indices in Singapore, visit our article on the residential property price index in Singapore.
Rest of Central Region Insights
The Rest of Central Region (RCR), while still centrally located, offers a more diverse range of properties catering to a wider group of buyers and investors.
Average Price Per Square Foot (PSF)
| Property Type | Price Per Square Foot (PSF) |
|---|---|
| Condominiums | SGD 1,500 – SGD 2,800 |
Compared to the CCR, the RCR has a broader price range, with average PSF ranging from SGD 1,500 to SGD 2,800 (Jimmy Sum). This region provides more affordable options yet maintains proximity to the city center.
Capital Appreciation
| Region | Capital Appreciation |
|---|---|
| Rest of Central Region (RCR) | Substantial |
The RCR has experienced substantial urban renewal, contributing to significant capital appreciation (Jimmy Sum). The region’s ongoing development and infrastructural improvements have made it an attractive option for investors.
For detailed insights and analysis of the property market trends, visit our Singapore property market analysis section. Understanding the unique characteristics of both CCR and RCR can help you make informed decisions in the vibrant landed property market in Singapore. To further explore the mortgage options and guidelines, refer to our article on mortgage options in Singapore.
