Landed
Sell. Buy. Rent. Since 2010
Avaliable for Sale
Inter Terrace @ Jalan Setia for Sale
MacPherson / Upper Aljunied (D13)
3 bedder | Freehold | 1276 sqft
$2,400,000 (Negotiable)
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Frequently Asked Questions when buying a landed property in Singapore (FAQs)
What are the types of landed property available in Singapore?
There are three main types of landed property in Singapore you may consider based on your budget. They are terraces houses, semi-detached houses, and bungalows houses.
Based on the URA explanation, a terrace house is a dwelling house with its own land title that forms part of a row of at least 3 dwelling houses adjoining the common boundary party walls. Terrace houses can be built in designated mixed landed areas, if development site area meets the minimum plot size and width requirements.
A semi-detached house is one half of a pair of two houses, each with its own land title, separated by a common wall that is attached either side-by-side or back-to-back of each other. It can be built in either areas designated for semi-detached housing or mixed landed housing, if development permits.
A bungalow is a detached landed houses with its own land title. Its a standalone property surrounded by land spaces and does not share any common walls with another property.
To understand more about these type of properties, go to URA website.
Can Foreigners and Permanent Residents allowed to buy landed property in Singapore?
Under the Singapore residential property act, all foreigners who wishes to purchase a landed property must obtained approval from the Controller of Residential Property in Singapore Land Authority (SLA).
A foreign person means any person who is not:
- Singapore citizen
- Singapore company
- Singapore limited liability partnership, or
- Singapore society
The criteria for the approval of the application is assessed on a case-by-case basis, including but not limited to:
- You must be a permanent resident of Singapore for at least five years, and
- you must make exceptional economic contribution to Singapore by way of assessing the employment income assessable for tax in Singapore
Can you use CPF to purchase the landed property?
Yes, you can. You may tap onto your CPF savings to buy a private residential property as well as takeing a bank loan to finance it.
Please do take note that the property must have at least remaining lease of more than 20 years. The amount of CPF that can be utilised are based on the age and its remaining lease of the property.
For bank loan, financing amount will be based on the Loan-to-Value ratio (LTV) and the Total Debt Servicing Ratio (TDSR). If there is no outstanding loan, the maximum you can borrow is 75% of the selling price of the property. And the total debt obligation should not exceed 60% of your gross monthly income.
What is the Property tax in Singapore like?
Everyone who owns a property in Singapore are subjected to pay property tax. Depending on the size of the property, a landed property is a large property. Hence, you will need to pay more based on the annual value of the property here.
To compute the taxes that you’ll have to pay, you need to multiply the Annual Value (AV) or your property with the tax rate that applies to your property. You may refer the table at IRAS website for computational property tax payable.
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