Landed homes below $2 million

Landed homes are favoured for their spaciousness and exclusivity. In Singapore, owning a house is an entitlement enjoyed by the privileged few. As at 2015, only 5.6% of Singapore resident households live in a house.
There is a total of 72,501 landed homes (including terraces, semi-detached and detached houses) in Singapore as at 3Q2016, compared with 293,548 non-landed homes, excluding HDB units. Only Singapore citizens can buy a property with no restrictions. Permanent residents and foreigners who wish to purchase a house need to obtain approval from the Land Dealings Approval Unit.
Owing to its limited supply, the price appreciation of landed homes has outpaced that of non-landed property over the past decade, at 71% and 50% respectively, according to the URA property price indices.
In 2016, prices of terraced houses, the lowest landed housing tier, averaged $2.6 million while those for private condominiums of at least 1,000 sq ft averaged $1.9 million. It is, however, not impossible for homebuyers with smaller budgets to own a landed home.
The Edge Property has identified several landed homes, excluding townhouses and cluster housing, which are currently listed below $2 million.

Central Region

Below $1 million
Looking for a landed home in the Central Region that costs below $1 million is challenging. If tenure is not a concern, aspiring homebuyers may opt for HDB-terraced houses. These are landed homes built by HDB’s predecessor, the Singapore Improvement Trust. It is understood that there are only 285 such units and they are centrally located on Stirling Road in Queenstown, as well as on Jalan Bahagia, Jalan Ma’Mor and Jalan Tenteram in Kallang/Whampoa.
Last year, one such terraced house on Jalan Ma’Mor broke the record when it fetched $1.06 million. It had a built-up area of 3,013 sq ft and a balance lease of less than 60 years.
A HDB terraced house on Jalan Ma’Mor is listed on TheEdgeProperty.com for $898,000. The two-storey house has three bedrooms — one on the ground floor and two on the second level — and is said to be in move-in condition. The property is being marketed by Alan Koh from PropNex Realty.
HDB terraced houses on Jalan Bahagia in Kallang/Whampoa