Are you looking to upgrade to a landed house for your family?
Do you know how many types of landed properties are in Singapore?
Which landed property most suits you and your family?
Before you make any decision to buy a landed property in Singapore, you must understand the types of landed properties here, the estimated prices of each landed property in the markets, and the criteria to buy a landed house.
Who can Buy landed property In Singapore?
For Singapore Citizens, you are definitely eligible to buy a landed property in Singapore.
Singapore Permanent Resident, only after 5 years of obtaining your Singapore Permanent Resident status, then you are qualified to apply for approval from Land Authority Development Unit (LADU) from Singapore Land Authority (SLA).
Several factors such as your economical contribution will be taken into consideration, your application will still be assessed on a case-by-case basis. Only approval is granted then you allowed to purchase a land house in Singapore. (If you are keen to explore, I will be glad to assist you, call me at 94896105)
Foreigners are not allowed to purchase any landed property on Singapore's Main Land.
Sentosa Island will be exceptional but still subject to LADU approval.
Landed strata housing in a condominium, having condo strata titles, foreigners are allowed to buy.
Singapore has only a land size of 721.4 square kilometres, compare to other countries, we are just a little red dot on the world map. 1/4 the size of Johor State in West Malaysia.
Land is scared here, so owning a landed property is the utmost dream of a Singaporean and also a form of status recognition.
In 2020, there were around 68.4 thousand landed properties in Singapore. These refer to residential property where the owner has the title to the land.
The term landed property in Singapore normally refers to terraced, semi or fully detached houses for purely residential development and shophouses which is a mixed development.
To make full use of the land in Singapore, the government has determined the land sizes for every landed housing.
It has been divided into subsequent types.
The minimum requirement for each landed Property.