Landed houses in Singapore represent a unique segment of the real estate market that appeals to those seeking more space, privacy and the prestige of owning land in one of the world’s most sought-after cities. Whether you’re a local citizen, permanent resident (PR), or foreign investor, the dream of owning a landed house for sale in Singapore can be a significant milestone. However, the process of finding and purchasing a landed house for sale in Singapore involves several critical steps and considerations, from understanding the types of landed properties available to navigating the legal and financial requirements.
In this article, we will explore the key aspects of buying a landed house in Singapore, the various types of landed properties for sale, the factors influencing prices, and the steps involved in the purchasing process.
What is a Landed House?
A landed house refers to any type of residential property where the buyer owns both the land and the structure built upon it. Unlike condominiums or apartments, where the land is owned collectively by all residents or by a management entity, a landed house provides the owner with full ownership of the land. This allows for more privacy, flexibility in terms of home modifications, and often larger living spaces, which are attractive to many buyers.
Landed houses in Singapore come in various forms, including bungalows, semi-detached houses, terrace houses, and shophouses, each catering to different needs and budgets. These properties are typically located in prime residential areas and offer a unique living experience that is hard to replicate in other types of housing.
Types of Landed Houses for Sale in Singapore
When looking for a landed house for sale, understanding the different types of properties available is essential. Each type of landed house has its characteristics, benefits, and drawbacks. Below are the common types of landed properties you will encounter in Singapore:
1. Bungalows
Bungalows are the most luxurious type of landed house in Singapore. These properties are typically detached, offering the owner maximum privacy and space. Bungalows are often located in desirable areas, such as the prestigious districts of Bukit Timah, Orchard Road, or Sentosa Cove, making them some of the most expensive real estate in Singapore. These homes typically feature large gardens, swimming pools, and multiple levels, providing a high-end living experience.
However, due to their exclusivity, bungalows also come with a hefty price tag, often running into the millions of dollars. They are typically targeted at high-net-worth individuals, business executives, or those who place a premium on privacy and luxury living.
2. Semi-Detached Houses
Semi-detached houses are a popular choice for those looking for more space than a terrace house but at a more affordable price point than a bungalow. A semi-detached house shares one wall with a neighbouring property, making it less private than a detached bungalow, but still offering a considerable amount of space.
These homes are typically located in quieter residential areas, such as in the suburbs or older districts, and offer a good balance between privacy, space, and price. Semi-detached houses are often sought after by growing families looking to upgrade from smaller homes.
3. Terrace Houses
Terrace houses are the most common and affordable type of landed house in Singapore. These properties are part of a row of houses that share common walls with adjacent units. Although they are more compact than bungalows or semi-detached houses, terrace houses still provide greater living space compared to condominiums or apartments.
The price of a terrace house can vary significantly depending on its location and size, but they are generally more affordable than bungalows or semi-detached homes. Many terrace houses are located in established residential neighbourhoods and are an ideal choice for families looking for a landed property in a more central location without breaking the bank.
4. Shophouses
Shophouses are a unique type of landed property that combines both residential and commercial use. They are typically found in historical areas, such as Chinatown, Tiong Bahru, or Kampong Glam, and offer a blend of heritage charm and modern functionality. While shophouses are often used for business purposes, they can also be converted into full residential units.
Shophouses are generally more expensive than terrace houses due to their historical value, but they can also offer a unique opportunity for investors or those looking to run a business from home.
Steps to Buying a Landed House in Singapore
The process of buying a landed house in Singapore is similar to purchasing any other type of property, but there are additional considerations due to the specific regulations and eligibility requirements for landed properties. Below are the general steps involved in purchasing a landed house in Singapore:
1. Determine Your Budget
Before starting your search for a landed house, it is crucial to determine your budget. Consider factors such as your financing options, down payment, monthly mortgage payments, and other associated costs, including stamp duty, legal fees, and agent fees.
2. Search for Properties
Once you have a budget in mind, you can begin searching for landed houses for sale. You can either work with a real estate agent or browse listings on property websites to find properties that meet your criteria. It’s important to consider the type of landed house, location, size and amenities when narrowing down your options.
3. View Properties and Make Offers
Once you’ve identified potential properties, arrange for viewings to assess the condition and suitability of the home. If you find a property you wish to purchase, you can make an offer to the seller. The offer will typically be negotiated before a final price is agreed upon.
4. Secure Financing
If you are taking out a mortgage, it’s important to secure financing at this stage. This involves applying for a loan from a bank or financial institution and providing the necessary documentation for approval. Depending on the type of landed house you are purchasing, you may need a larger deposit compared to buying other types of properties.
5. Sign the Sale and Purchase Agreement
Once financing is secured and the offer is accepted, both parties will sign a Sale and Purchase agreement. This legal document outlines the terms and conditions of the sale, including the agreed-upon price, payment schedule and any other pertinent details.
6. Complete the Transaction
After the contract is signed, the final payment is made, and ownership of the property is transferred to you. You will then need to pay stamp duty and complete any additional paperwork required by the Singapore Land Authority (SLA).
Conclusion
Buying a landed house for sale in Singapore is an exciting and potentially lucrative investment, but it requires careful consideration, planning and understanding of the market. Whether you’re a first-time buyer, an investor or someone looking for more space and privacy, purchasing a landed house can offer a unique living experience. By understanding the different types of properties, the factors influencing prices, and the steps involved in the purchasing process, you can make an informed decision that meets your needs and goals.
