Singapore is a small island nation with a large population of nearly 6 million. At a size of only 728 square kilometers, land is extremely scarce. As of 2021, there are less than 75,000 landed residential homes standing on Singapore soil, with only about five percent of the population currently residing in one.
Purchasing a landed property in Singapore can be a wise investment, as the value of land is likely to appreciate over time. Owning a piece of land in Singapore not only gives you a sense of security and permanence, it represents a unique piece of real estate that is highly sought-after and immensely valuable.
There are a few different types of landed property to choose from. Whichever type of landed property you choose, you're sure to find something that meets your needs in Singapore.
The most common type of landed property in Singapore is the Terrace House. These houses can range from one to three stories tall and are built in rows, with each house sharing its party walls with its neighbours. Party wall means that the wall belongs to both houses and the owners are jointly responsible for its maintenance. Terraced houses are popular because they offer a more affordable option for families who want their own home.
The houses on both ends of the row of Terraced houses are considered to be Corner-Terrace Houses. They typically have a larger land plot size, with only one party wall shared with its neighbour, thus giving it a bigger garden on the side of the house where you might find private pools of a comfortable size being built these days.
These houses are typically two or three stories tall and are semi-detached, meaning they share one wall with another property, and only come in pairs. The land sizes of Semi-Detached houses can vary– some can be smaller than a Corner-Terraced house where others can be as large as a Detached house.
Bungalows are stand-alone houses that are usually larger and more luxurious than Terraced or Semi-Detached houses. For a house to be considered a Bungalow, it must meet the minimum land size requirement of 400sqm (or about 4,305 sqft).
At Property Giant Singapore, we turn dreams into reality. Our team has managed to scout out some of the best available ones on the market, all with prestigious and highly exclusive addresses to match. If you're interested in purchasing a landed property in Singapore, Property Giant Singapore provides a team of award-winning and reputable real estate agents who can help you find the perfect home that meets your needs and budget.
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