Introduction
Landed property in Singapore is a popular choice for those who are looking to purchase homes in this country. A landed property has the least number of restrictions and offers more space. If you have a large family or looking for more space, a landed property is definitely worth considering. Many people are opting for landed properties in Singapore as they offer space, greenery and flexibility in its use. Expatriates prefer to lease these homes especially for these reasons too.
What is a landed property?
A landed property is a piece of real estate with a building or structure on it, unlike a vacant lot. In Singapore, landed properties are typically houses on small plots of land, and can be found in various suburbs from central regions to outer central regions. Prices will vary according to the size of the houses, land plot and location.
There are many types of landed properties to suit your needs. Most local people prefer to buy their landed property instead of renting. They purchase these properties because they can build additions and alterations (A&A) on them. Hence, they can customize these houses to their needs and preferences.
Landed Property in Singapore
A landed property is a house located on private land with an area of land surrounding it that belongs to the homeowner. Landed properties are one of the most popular types of property in Singapore and have been for a long time.
It is essential to consult with an expert or architect and get all the information you need before deciding to develop your landed property in Singapore.
Legal Documents for Landed Property Ownership
As a landed property owner in Singapore, you must submit certain drawings and documents for approval from the relevant authorities before proceeding with any development or construction work on your land.
If you plan to sell or lease your developed property, you must complete all the works and obtain an occupation permit from the Building Control Authority. This permit is only issued after all development works have been completed and inspected by the relevant authorities. This is usually done by a registered architect in Singapore.
Types of Landed Properties in Singapore
There are various types of landed properties that one can purchase. There are two main types:
- Freehold (owned outright)
- Leasehold (long-term tenancy)
Freehold properties are usually preferred for its long-term ownership. Both freehold and leasehold properties give the owners flexibility in doing addition and alteration works. There are other types of landed properties such as cluster houses. These are built as an overall development in a gated community.
For such homes, you may not be able to do any major additions and alterations unless the Management Corporation permits.
Location of the Landed property
It’s important to know the location of your property before buying it, as this will determine the commuting distance from public transport routes and private schools. Depending on the zoning, there may be different rules that determine the addition and alterations you can make for your house, such as the height and setback controls, A planning permission will also be required for any additions or alterations you wish to make, including adding an extension or installing a swimming pool.
Measurements of a Landed Property
Some of the measurements of a landed property are the size of the area and the shape. The size of a landed property is measured by how many square feet it is, and the shape can be rectangular, triangular, or pentagonal. This is undertaken by a registered land surveyor.
Planning permission and infrastructure costs
If you are developing your landed property, you must consider that you may need to obtain a building permit and submit your plans to the relevant authorities. This is a necessary step because your building plans may affect the surroundings. There could be height restrictions, noise restrictions and also thematic or aesthetic restrictions. Infrastructure costs could include the construction of sewers, drainage, airways, ventilation, ducting, water pipes, electricity lines, and other services that are needed as part of your design.
Additions and Alterations (A&A)
A&A can range from relatively simple tasks, such as adding a room or enlarging a kitchen, to more complex projects, such as adding a swimming pool or changing the facade of the building. The cost of these additions will depend on the size and complexity of the project.
Reconstruction
In Singapore, many different types of residences can be used for reconstruction: single-story terrace houses, semi-detached houses, and bungalows.
Rebuilding
It is always a good idea to have a plan for rebuilding your home should the need arise. In some cases, it might even be necessary.
Conclusion
In summary, here are the key points you need to know about developing a landed property in Singapore: – Landed properties are high value assets. You may need to consider a bank loan to make it happen. There are technical issues when developing a landed property. Seeking advice from experienced landed property professionals like ADX Architects can make all the difference.
Frequently Asked Question
- How much does it cost to rebuild landed property in Singapore?
The cost of rebuilding landed property in Singapore varies depending on the size and condition of the property. Generally, rebuilding a landed property is more expensive than purchasing an existing one. The cost of rebuilding a landed property also depends on the type of foundation that is required. If the soil conditions are poor, it may be necessary to use a more expensive foundation.
- Is landed property a good investment in Singapore?
Yes, it is a good investment if you know what you are getting into. It might not be the best idea if you don’t know what you are doing. There are a lot of hidden costs, and they require time and skill.
- What happens to landed property after 99 years in Singapore?
After 99 years, the landed property will revert back to the Government.
- How many Singaporeans stay in landed property?
There is no proper justification for this question but approximately 73,000 landed property units can be found in Singapore as of the year 2021. There are only a few available landed properties due to their low density. The most recent figures from the Department of Statistics show that there are mostly private residential properties in Singapore, and about 73,000 of these are landed properties.
Source: https://ohmyhome.com/en-sg/blog/the-analysis-behind-landed-properties-in-singapore/