Question 1

Can foreigners buy landed property in Singapore?

Accepted Answer

Generally, foreigners cannot buy landed residential property in Singapore without approval from the Land Dealings (Approval) Unit (LDAU). Exceptions exist for properties on Sentosa Cove and for Permanent Residents who may apply for approval to purchase landed property.

Question 2

What is the difference between freehold and leasehold landed property in Singapore?

Accepted Answer

Freehold properties grant ownership in perpetuity, while leasehold properties (99-year or 999-year) revert to the state when the lease expires. Freehold landed homes generally command a premium and are preferred for long-term wealth preservation.

Question 3

What are the types of landed properties available in Singapore?

Accepted Answer

Landed property types in Singapore include Detached houses (bungalows), Semi-Detached houses, Terrace houses (inter-terrace and corner terrace), Cluster houses, and Good Class Bungalows (GCBs). Each type has different plot size requirements and price points.

Question 4

What is the average price of a landed property in Singapore?

Accepted Answer

Prices vary widely by type and location. Terrace houses typically start from S$2.5M–S$4M, semi-detached from S$4M–S$8M, and detached/bungalows from S$6M upwards. Prime district properties (D9, D10, D11) and Good Class Bungalows can exceed S$20M–S$50M.

Question 5

What additional costs are involved in buying landed property in Singapore?

Accepted Answer

Buyers should budget for Buyer's Stamp Duty (BSD), Additional Buyer's Stamp Duty (ABSD) if applicable, legal fees, renovation costs, and agent commissions. ABSD rates for Singapore citizens buying a second property is 20%; for permanent residents buying first property it is 5%.

Question 6

What is a Good Class Bungalow (GCB) in Singapore?

Accepted Answer

Good Class Bungalows (GCBs) are the most prestigious class of landed homes in Singapore. They must have a minimum plot area of 1,400 sqm (approx 15,070 sqft) and are located in one of 39 gazetted GCB areas. They are restricted to Singapore citizens only.

LandedElite @ PN