Understanding the Different Types of Private and Landed Properties in Singapore
Singapore’s landscape is largely dominated by government-owned land, making landed properties a highly sought-after, though often expensive, choice for prospective homeowners. If you're among those eyeing private or landed property in Singapore but feel overwhelmed by the various property types and terminology, don’t worry! This guide will walk you through the basics, helping to clear up any confusion.
Alvin
10/23/20242 min read
What is Private Property?
For simplicity, properties in Singapore are classified into two categories: public and private. Public housing refers to HDB flats, while private property includes condominiums, apartments, executive condominiums (ECs), and landed properties. Now that we’ve defined private property, let’s dive deeper into the different types available.
Condominiums
A condominium is a gated community that is privately managed (not by HDB) and offers shared facilities such as swimming pools, gyms, and gardens. These developments must meet a minimum land size of 40,000 square feet and are a popular choice for those seeking private housing with communal amenities.
Executive Condominiums (ECs)
An Executive Condominium (EC) bridges the gap between public and private housing. Managed by HDB for the first 10 years, ECs offer an option for Singaporeans who don’t qualify for HDB flats but find private condominiums too expensive. ECs follow HDB regulations for the first decade, including a five-year Minimum Occupancy Period (MOP), after which they are privatized and follow private property rules.
Landed Property
Landed properties come in various types, each offering unique characteristics and benefits. Let's break them down:
1. Terrace Houses
A terrace house is part of a row of at least three houses sharing common walls, but there are no dwellings above or below. These houses hold their own land title and come in two types based on setback requirements.
2. Semi-Detached Houses
A semi-detached house is a property that shares a wall with a neighboring house on only one side. These houses offer more space and privacy compared to terrace houses, with specific plot size and width guidelines to follow.
3. Bungalows & Good Class Bungalows (GCBs)
Bungalows are standalone properties on their own plot of land. Good Class Bungalows (GCBs), on the other hand, are the pinnacle of luxury in Singapore, with strict regulations around size, location, and architectural features. GCBs are situated in exclusive areas and come with a minimum land size of 1,400 square meters, adding to their prestige.
4. Shophouses
Historically significant, shophouses are narrow, terraced houses that date back to the 1840s. These two- or three-story buildings are often conservation properties, with commercial use on the ground floor and residential spaces above. If you’re considering purchasing a shophouse, be mindful of URA’s conservation guidelines to preserve their heritage.
5. Cluster Housing
For those who want the privacy of a landed home but enjoy communal facilities, cluster housing offers a hybrid solution. These properties hold a strata title, meaning ownership of the land is shared with other residents, similar to condominiums.
Can Foreigners Buy Private Property?
Foreigners, including Singapore Permanent Residents (PRs), can purchase most types of private property, subject to approval from the Land Dealings Approval Unit (LDAU). However, there are restrictions when it comes to Executive Condominiums (ECs). Foreigners can only purchase ECs after they have been privatized, while PRs can buy resale ECs that have met their five-year Minimum Occupancy Period (MOP).
Conclusion
Now that you’ve learned the differences between various types of private and landed properties, which one suits your needs best? Whether you're aiming for the exclusivity of a Good Class Bungalow or the practicality of an Executive Condominium, understanding these property types will help you make an informed decision on your next home investment.
