{"id":11733,"date":"2017-09-06T09:29:51","date_gmt":"2017-09-06T01:29:51","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=11733"},"modified":"2022-07-01T04:09:20","modified_gmt":"2022-06-30T20:09:20","slug":"buying-landed-home-singapore","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/buying-landed-home-singapore\/","title":{"rendered":"All you need to know about buying a landed home in Singapore"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><figure id=\"attachment_11736\" aria-describedby=\"caption-attachment-11736\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-11736 size-full\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2017\/09\/landed-home-large.jpg\" alt=\"landed home cover\" width=\"1024\" height=\"683\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2017\/09\/landed-home-large.jpg 1024w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2017\/09\/landed-home-large-600x400.jpg 600w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2017\/09\/landed-home-large-940x627.jpg 940w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2017\/09\/landed-home-large-440x294.jpg 440w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-11736\" class=\"wp-caption-text\">If buying landed home is new to you, check out this list of things you need to know.<\/figcaption><\/figure>\n<p>(<a href=\"http:\/\/www.homeanddecor.com.sg\/sites\/default\/files\/blog\/2016\/04\/34629-8-palm-drive-05058-copy1.jpg\" rel=\"nofollow\">Credits<\/a>)<\/p>\n<p><span style=\"font-weight: 400;\">The average Singaporean\u2019s property purchasing journey is likely to follow one of the below scenarios: <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buy HDB. Stay in HDB until old age.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buy HDB. Sell and upgrade to larger HDB. Stay until old age.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buy HDB. Sell and upgrade to condo. Stay until old age.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buy HDB. Sell and upgrade to condo. Downsize upon retirement, and return to HDB. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buy EC. Sell and upgrade to condo. Stay until old age.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Spot something interesting? Our options typically revolve around HDB flats, ECs, or condos. There\u2019s the option of buying a landed home of course, but because these are much more expensive than the above options, they remain firmly out of reach for the average Singaporean.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you have enough assets and cashflow and you\u2019re thinking of buying a landed home, however, that\u2019s awesome news. Regardless of whether you only own one property, or you\u2019re a seasoned property investor, take your time to do the required research. After all, purchasing landed property is vastly different from purchasing other sorts of property in Singapore. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Want to learn more? Read on for 3 things that you need to take note of if you\u2019re planning on purchasing landed property in Singapore!<\/span><\/p>\n<h3><b>#1: You need to be a Singapore Citizen or a PR to buy a landed home<\/b><\/h3>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-11734\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2017\/09\/landed-home-foreigners.jpg\" alt=\"landed home foreigners\" width=\"1200\" height=\"850\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2017\/09\/landed-home-foreigners.jpg 1200w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2017\/09\/landed-home-foreigners-940x666.jpg 940w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/>(<a href=\"http:\/\/www.asiaone.com\/sites\/default\/files\/original_images\/Jan2017\/SingaporePassportST2014.jpg\" rel=\"nofollow\">Credits<\/a>)<\/p>\n<p><span style=\"font-weight: 400;\">First things first: whilst expats can purchase condominiums, they\u2019re not allowed to purchase a landed home; this includes bungalows, semi-detached houses, terrace houses and cluster housing. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019re not a citizen, but you\u2019ve been a Permanent Resident (PR) for at least five years, you can apply. That having been said, things aren\u2019t that straightforward &#8211; <\/span><a href=\"http:\/\/www.sla.gov.sg\/Services\/Restriction-on-Foreign-Ownership-of-Landed-Property\"><span style=\"font-weight: 400;\">applications are assessed on a case-by-case basis<\/span><\/a><span style=\"font-weight: 400;\">, taking into consideration several factors including whether you\u2019ve made \u201cexceptional economic contribution\u201d to Singapore. <\/span><\/p>\n<h3><b>#2: You can\u2019t build as many levels as you please<\/b><\/h3>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-11737\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2017\/09\/landed-home-levels.jpg\" alt=\"landed home levels\" width=\"1200\" height=\"600\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2017\/09\/landed-home-levels.jpg 1200w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2017\/09\/landed-home-levels-940x470.jpg 940w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><span style=\"font-weight: 400;\">(<a href=\"https:\/\/www.houseplans.pro\/assets\/plans\/417\/view-house-plans-sloping-lot-house-plans-multi-level-house-plans-luxury-master-suite-plans-house-plans-with-daylight-basement-color-render-10048.jpg\" rel=\"nofollow\">Credits<\/a>)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thinking of buying an old house, getting your contractors in, and <\/span><i><span style=\"font-weight: 400;\">zhnging <\/span><\/i><span style=\"font-weight: 400;\">(read: fixing it up) it till it\u2019s a 10-storey mansion? Think again. Each landed home comes with a certain number of floors \u201callocated\u201d to it. If the land is zoned for 3 floors, for example, you can build up to 3 floors, plus an attic. If the land is zoned for 2 floors, you\u2019ll have to make do with 2 floors and an attic. <\/span><\/p>\n<h3><b>#3: You\u2019ll probably need to hire a professional inspector before sealing the deal on your landed home<\/b><\/h3>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-11735\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2017\/09\/landed-home-inspection.jpg\" alt=\"landed home inspection\" width=\"2070\" height=\"1449\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2017\/09\/landed-home-inspection.jpg 2070w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2017\/09\/landed-home-inspection-940x658.jpg 940w\" sizes=\"(max-width: 2070px) 100vw, 2070px\" \/><span style=\"font-weight: 400;\">(<a href=\"http:\/\/cf.ltkcdn.net\/mortgage\/images\/orig\/204870-2070x1449-homeinspection.jpg\" rel=\"nofollow\">Credits<\/a>)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">People who are purchasing or renting apartments have it relatively easy &#8211; they can refer to <\/span><a href=\"https:\/\/www.99.co\/singapore\/insider\/rental-viewing-checklist\/\"><span style=\"font-weight: 400;\">checklists that will help them assess the property<\/span><\/a><span style=\"font-weight: 400;\"> and any defects that may be present. When it comes to landed property, though, a lot more expertise is required. You\u2019ll want to hire professional inspectors to ensure that the property gets the green light in the following areas:<\/span><\/p>\n<h3><b>Foundation<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Resolving a foundation issue will cost you dearly, in terms of both time and money. Properties which have weak or suspect foundation are complete deal breakers, unless you\u2019re okay with spending tens of thousands of dollars on getting these foundation problems ironed out. Warning signs include cracks, unaligned walls, and unaligned window frames or doors. <\/span><\/p>\n<h3><b>Moisture<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Again, moisture problems are both expensive and time-consuming to fix. These are more likely to be present in landed properties which have a basement built in; if you spot any leaks or mould, consider it a red flag.<\/span><\/p>\n<h3><b>Soil<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">You\u2019ll want to purchase a landed property in an area with compact soil, as opposed to an area where the soil is overly soft and\/or prone to movement. If the latter case occurs, you might be required to install sheet piling which will provide earth retention and excavation support; the expense for this differs on a case-by-case basis, but it will cost a pretty penny. <\/span><\/p>\n<h3><b>Roofing <\/b><\/h3>\n<p><span style=\"font-weight: 400;\">If the property you\u2019re looking at has a leaky roof, you have two options. Either ensure that the owner fixes it before you make your purchase, or simply walk away. Because fixing (or replacing) a roof is exorbitantly expensive, you definitely don\u2019t want to be saddled with this cost when you\u2019re buying a property. If the roof has simply lost its colour, on the other hand, that\u2019s fine &#8211; it\u2019s relatively simple and cheap to clean it using bleach. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buying any property in Singapore is a momentous occasion, but buying a landed property is especially significant. You\u2019ll want to get a home which you absolutely love, given that you\u2019re forking out a huge sum of money, so be sure to do your homework before making your decision. Whilst you\u2019re here, check out our articles on <\/span><a href=\"https:\/\/www.99.co\/singapore\/insider\/landed-property-can-buy-3-million\/\"><span style=\"font-weight: 400;\">5 landed property you can buy for under $3 million<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.99.co\/singapore\/insider\/home-inspection-buy-necessary-not\/\"><span style=\"font-weight: 400;\">home inspection for defects before you buy: necessary or not?<\/span><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Credits) The average Singaporean\u2019s property purchasing journey is likely to follow one of the below scenarios: Buy HDB. Stay in HDB until old age. Buy HDB. Sell and upgrade to larger HDB. Stay until old age. Buy HDB. Sell and upgrade to condo. Stay until old age. Buy HDB. Sell and upgrade to condo. Downsize&hellip;<\/p>\n","protected":false},"author":36,"featured_media":54866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53912,57131],"tags":[],"persona":[],"class_list":{"2":"type-post","9":"entry","10":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- 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