{"id":51621,"date":"2022-05-24T18:59:29","date_gmt":"2022-05-24T10:59:29","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=51621"},"modified":"2022-06-13T18:12:27","modified_gmt":"2022-06-13T10:12:27","slug":"cheapest-freehold-landed-houses-singapore","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/cheapest-freehold-landed-houses-singapore\/","title":{"rendered":"8 cheapest freehold landed houses for sale in Singapore from S$2.3 million"},"content":{"rendered":"
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For many Singaporeans, the dream is to live in a landed house<\/a>. A lot of us hope that someday, we can upgrade to landed property, with our own front yard.<\/p>\n

On the other hand, due to their scarcity and size, they\u2019re generally the most expensive residential properties in Singapore.<\/p>\n

It also doesn\u2019t help that there\u2019s a higher demand for landed homes these days, especially as more are looking for bigger space and turning to landed properties.<\/p>\n

For instance, even as prices for private properties rose at a slower rate of 0.7% last quarter<\/a>, prices of landed properties increased by 4.2%.<\/p>\n

Why freehold properties are more expensive than leasehold properties<\/strong><\/h2>\n

When it comes to landed properties, most people prefer the freehold ones. At the same time, they tend to be more expensive.<\/p>\n

No need to worry about lease running out<\/strong><\/h3>\n

The good thing about freehold properties is that the land belongs to the owner in perpetuity. This also means that the property can be passed down to future generations.<\/p>\n

On the other hand, for 99-year leasehold properties<\/a>, when the lease runs out, the land ownership reverts back to the state. It\u2019s just like what we\u2019ve seen for the 60-year leasehold terrace houses at Lorong 3 Geylang<\/a>. After the lease expired at the end of 2020, the land had to be returned to the state. And in the case of these houses, the government had plans to redevelop the area for public housing.<\/p>\n

At the same time, take note that the freehold tenure doesn\u2019t guarantee that you and your future descendants will own it for eternity.<\/p>\n

We\u2019ve seen the Land Acquisition Act<\/a> taking effect, with the government acquiring freehold land occupied by terrace houses along Merpati Road and Jalan Anggerek<\/a> for the redevelopment along Mattar MRT<\/a> back in 2010. And more recently, there\u2019s the acquisition of the freehold building along Thomson Road<\/a> for the North-South Corridor last year.<\/p>\n

Freehold properties have a higher price appreciation<\/strong><\/h3>\n

Nevertheless, people generally still prefer freehold properties, especially when it comes to landed properties. This is because they have a higher price appreciation compared to leasehold properties, whose property value will eventually decrease over time as the lease runs out.<\/p>\n

\"Price<\/a><\/p>\n

Over the past 15 years, prices of freehold landed properties have increased by 115.86%, in comparison to the 92.77% for their leasehold counterparts. And from the chart, we can see that the price difference is getting wider.<\/p>\n

If you prioritise more on space and affordability, a leasehold home is your best bet. But if you want a house that can be passed down to another generation and can have a higher capital appreciation, a better option is to go for freehold.<\/p>\n

At the same time, there are freehold landed properties on the market that are relatively affordable, and they don’t come with a S$10 million price tag.<\/p>\n

Using 99.co\u2019s search portal, we used the filter function by clicking on \u201cfreehold\u201d to narrow down our options.<\/p>\n

\"Freehold<\/a><\/p>\n

Afterwards, we sort them by the price.<\/p>\n

\"Sort<\/a><\/p>\n

Here are our picks of the cheapest freehold landed properties<\/strong><\/h2>\n

We\u2019ve also included the estimated downpayment and monthly mortgage instalments, which you can also find in each listing. These estimates are based on the assumption that you get 75% financing through a home loan with an interest rate of 2% and a tenure of 30 years.<\/p>\n

4-bed house in Macpherson Garden Estate<\/strong><\/h3>\n

Price:<\/strong> S$2.3 million
\nDownpayment:<\/strong> S$575,000
\nEstimated monthly mortgage:<\/strong> S$6,376<\/p>\n

Floor area (built-up):<\/strong> 1,400 sq ft
\nPrice psf:<\/strong> $1,642.86
\nBuilt year:<\/strong> 1970<\/p>\n

\"Freehold<\/a><\/p>\n

Macpherson Garden Estate is one of the estates to look out for to find the cheapest landed houses. In fact, we have three listings coming from this estate on this list.<\/p>\n

First is this 4-bedder house<\/a>. One highlight is that it has a wet and dry kitchen, so you have a separate space for when you want to do some heavy cooking.<\/p>\n

We also like that it\u2019s within walking distance to a few amenities such as Macpherson Mall, as well as Prime Supermarket and a few eateries at Joo Seng nearby.<\/p>\n

3-bed house in Macpherson Garden Estate<\/strong><\/h3>\n

Price:<\/strong> S$2.388 million
\nDownpayment:<\/strong> S$597,000
\nEstimated monthly mortgage:<\/strong> S$6,620<\/p>\n

Floor area (built-up):<\/strong> 1,500 sq ft
\nLand area:<\/strong> 889 sq ft
\nPrice psf:<\/strong> S$2,686.16
\nBuilt year:<\/strong> 1970<\/p>\n

\"Freehold<\/a><\/p>\n

This two-storey house<\/a> may have been built in 1970, but it comes with a modern interior.<\/p>\n

With a spacious bedroom, a guest room and an attic, it\u2019s more suitable for a couple or a small family.<\/p>\n

Likewise, this house is within walking distance to Macpherson Mall and the Joo Seng neighbourhood.<\/p>\n

3-bed house Macpherson Garden Estate<\/strong><\/h3>\n

Price:<\/strong> S$2.388 million
\nDownpayment:<\/strong> S$597,000
\nEstimated monthly mortgage:<\/strong> S$6,620<\/p>\n

Floor area (built-up):<\/strong> 1,190 sq ft
\nPrice psf:<\/strong> S$2,006.72
\nBuilt year:<\/strong> 1970<\/p>\n

\"Freehold<\/a><\/p>\n

Here\u2019s another house in Macpherson Garden Estate. But compared to the other two in the area, this inter terrace house<\/a> has a smaller built-up floor area of 1,190 sq ft.<\/p>\n

Similarly, you can find a few eateries along the nearby Upper Aljunied Road and Joo Seng.<\/p>\n

3-bed house Thomson Garden Estate<\/strong><\/h3>\n

Price:<\/strong> S$2.6 million
\nDownpayment:<\/strong> S$650,000
\nEstimated monthly mortgage:<\/strong> S$7,208<\/p>\n

Floor area (built-up):<\/strong> 924 sq ft
\nLand area:\u00a0<\/strong>915 sq ft
\nPrice psf:<\/strong> S$2,841.53
\nBuilt year:<\/strong> 1998<\/p>\n

\"Freehold<\/a><\/p>\n

If you\u2019re looking for a newer landed house, you can consider this 3-bedder<\/a>. Built in 1998, it\u2019s around 20 years old.<\/p>\n

It\u2019s also the ideal home for foodies as it\u2019s within walking distance of the food haven along Upper Thomson Road. Plus, MacRitchie Reservoir is just a few bus stops away.<\/p>\n

Another reason to check out this house is that it\u2019s within 1km of two popular primary schools<\/a>, Ai Tong School and Catholic High School. If you\u2019re thinking of enrolling your kid in one of these schools, you can increase your chances of securing a place for your kid with this house.<\/p>\n

5-bed house in Goodlink Park<\/strong><\/h3>\n

Price:<\/strong> S$3.3 million
\nDownpayment:<\/strong> S$825,000
\nEstimated monthly mortgage:<\/strong> S$9,148<\/p>\n

Floor area (built-up):<\/strong> 2,200 sq ft
\nPrice psf:<\/strong> S$1,500
\nBuilt year:<\/strong> 1982<\/p>\n

\"Freehold<\/a><\/p>\n

In terms of the price psf, this house<\/a> is one of the cheaper freehold landed houses on this list. Given the number of bedrooms available, it\u2019s suitable for multi-generational living.<\/p>\n

According to the listing, this house also provides the potential to build higher. So you can consider it if you\u2019re looking to redevelop the house.<\/p>\n

Take note that it\u2019s currently tenanted. So you can continue renting it out for some time before moving in.<\/p>\n

Amenities wise, there\u2019s Chong Pang City around a 10-minute walk, where you can find a market and a hawker centre.<\/p>\n

3-bed house in Seletar Hills Estate<\/strong><\/h3>\n

Price:<\/strong> S$3.388 million
\nDownpayment:<\/strong> S$847,000
\nEstimated monthly mortgage:<\/strong> S$9,392<\/p>\n

Floor area (built-up):<\/strong> 1,699 sq ft
\nPrice psf:<\/strong> S$1,994.11
\nBuilt year:<\/strong> 2013<\/p>\n

\"Freehold<\/a><\/p>\n

One highlight of this two-storey house<\/a> is its north-south orientation, so you won\u2019t get the afternoon sun. Plus, it\u2019s located on a quiet lane.<\/p>\n

We also like that it\u2019s pretty conveniently located. For instance, Greenwich V is just a four-minute walk, where you can find some F&B options and a CS Fresh (Cold Storage) supermarket.<\/p>\n

3-bed house in Sembawang Hills Estate<\/strong><\/h3>\n

Price:<\/strong> S$3.45 million
\nDownpayment:<\/strong> S$862,500
\nEstimated monthly mortgage:<\/strong> S$9,564<\/p>\n

Floor area (built-up):<\/strong> 2,120 sq ft
\nLand area:<\/strong> 2,120 sq ft
\nPrice psf:<\/strong> S$1,627.36
\nBuilt year:<\/strong> 1980<\/p>\n

\"Freehold<\/a><\/p>\n

If you\u2019re looking for a landed house to be rebuilt, here\u2019s another one to consider. Unlike the other landed houses on this list, this house<\/a> only comprises one storey. According to the listing, it can potentially be rebuilt into a two-storey house.<\/p>\n

Another thing that stands out to us is that this house is within walking distance to CHIJ St Nicholas Girls\u2019, perfect if you\u2019re looking to enrol your daughter into the popular school.<\/p>\n

4-bed house in Yong Seng Estate<\/strong><\/h3>\n

Price:<\/strong> S$3.5 million
\nDownpayment:<\/strong> S$875,000
\nEstimated monthly mortgage:<\/strong> S$9,703<\/p>\n

Floor area (built-up):<\/strong> 2,600 sq ft
\nLand area:\u00a0<\/strong>1,895 sq ft
\nPrice psf:<\/strong> S$1,846.97
\nBuilt year:<\/strong> 1977<\/p>\n

\"Freehold<\/a><\/p>\n

With a built-up area of 2,600 sq ft, this house<\/a> is the most spacious one on this list.<\/p>\n

What\u2019s more, it comes with a spacious living and dining area, making it suitable for multi-generational living.<\/p>\n

A bonus we like is that this house is pretty close to the MRT, with Kembangan MRT<\/a> within a 10-minute walk.<\/p>\n

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Freehold landed houses for sale<\/h4><\/div>\n
See all listings<\/a><\/span><\/div>\n <\/div>\n
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\n \"Sembawang\n <\/div>\n
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Sembawang Hills Estate<\/div>\n
Jln Leban \u00b7 D20<\/div>\n
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\n \"bedroom\"\n 4<\/span>\n <\/div>\n
\n \"bathroom\"\n 8<\/span>\n <\/div>\n
\n 3,820 sqft<\/span>\n <\/div>\n <\/div>\n
S$ 6,000,000<\/div>\n <\/div>\n
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