Hey PRs & Foreigners! You Can Buy A Landed Home In Singapore Easily

If you’re a foreigner (and some Singaporeans) eyeing the Singapore real estate market, you might be surprised to learn that there are certain types of landed homes within condominium projects that you can purchase. These unique homes combine the benefits of both landed properties and condominium living, offering a distinct lifestyle that appeals to many. Let us show you by exploring these types of homes, why they are worth considering, and provide detailed insights into specific projects like Archipelago, eCo, Euhabitat, and D’Leedon.

What Are Landed Homes in Approved Condo Developments?

Landed homes in condominium projects are essentially townhouses or villa units that are part of a larger condo development. Not to mistake them with the penthouses. These are more exclusive. These homes give you the feeling of living in a landed property but come with the added perks of condominium facilities. Imagine having your own private space, complete with a garden or patio, while still enjoying amenities like a gym, swimming pool, and security services.

List of Condominium with Landed Properties (Foreigners Eligible)

Why Should You Consider These Homes?

1. Exclusive Living with Condo Perks: Owning a landed home within a condo means you get the best of both worlds. You enjoy the privacy and spaciousness of a landed property along with the shared facilities and security of a condominium.
2. Lower Maintenance: Unlike traditional landed properties, the maintenance of common areas and facilities is handled by the Management Corporation Strata Title (MCST). This means less hassle for you as a homeowner.
3. Community Living: These developments foster a sense of community. You can engage with neighbours through shared facilities and social events, making it easier to integrate into the local lifestyle.
4. Investment Potential: Properties in well-managed condo developments often appreciate in value. With the right choice, you could see a significant return on your investment.

The Market Context

The Singapore real estate market continues to be dynamic, with new developments catering to a variety of buyer preferences. According to recent reports, at least 2,000 new private homes are set to launch in the third quarter of 2024 alone. This surge in new projects highlights the strong demand for quality housing options. Among these, landed homes within condominiums are becoming increasingly popular due to their unique offering.

Additionally, the confirmed list supply for private residential units dipped by 7.3% for the second half of 2024, the first drop following seven consecutive increases. This makes the available landed homes within condos even more attractive as they offer a blend of exclusivity and community living.

Things to Keep in Mind

Foreigners can only purchase landed homes within condominium developments that have obtained approval before 2012. Pure cluster projects and other strata landed homes not within approved condo projects are not eligible for foreign ownership without additional approvals.

Spotlight on Notable Projects

Archipelago (#29)

Location: Bedok Reservoir Road
Developer: United Venture Development (Bedok) Pte Ltd
Tenure: 99 years from 2011
Archipelago is a distinctive development located near Bedok Reservoir. It offers a serene living environment with its proximity to nature, making it an excellent choice for those who enjoy outdoor activities. The development includes a mix of condominium units and strata landed homes, providing a variety of living options.

Why Choose Archipelago?

• Proximity to Nature: Enjoy the lush greenery and tranquil waters of Bedok Reservoir Park right at your doorstep.
• Amenities: The development boasts comprehensive facilities, including swimming pools, a gym, and a clubhouse.
• Convenience: With nearby shopping centers, schools, and MRT stations, it offers convenience for daily living.

eCo (#35)

Location: Bedok South Avenue 3
Developer: Far East Organization
Tenure: 99 years from 2012
eCo is a green-inspired development that emphasizes sustainable living. It features eco-friendly designs and landscaping, making it a unique choice for environmentally conscious buyers. The project includes both condominium units and strata landed homes.

Why Choose eCo?

• Sustainability: eCo’s design focuses on green living, with energy-efficient features and extensive landscaping.
• Facilities: Enjoy a range of amenities such as a swimming pool, fitness center, and community gardens.
• Location: Situated in Bedok, it offers easy access to schools, shopping malls, and public transportation.

Euhabitat (#25)

Location: Jalan Eunos
Developer: Transurban Properties Pte Ltd and OPH Marymount Ltd
Tenure: 99 years from 2010
Euhabitat is a mixed development that includes condominium units, SOHO units, and strata landed homes. It’s designed to cater to various lifestyle needs, providing a flexible living environment.

Why Choose Euhabitat?

• Variety: The development offers different types of units to suit various preferences and needs.
• Facilities: Residents can enjoy facilities like swimming pools, tennis courts, and a gym.
• Accessibility: Located near major expressways and public transport options, it provides convenient connectivity to other parts of Singapore.

D’Leedon (#21)

Location: Leedon Heights
Developer: CapitaLand
Tenure: 99 years from 2010
D’Leedon is an iconic residential development designed by renowned architect Zaha Hadid. It features seven high-rise towers and a series of strata landed homes, offering luxurious living spaces with stunning views of the city skyline.

Why Choose D’Leedon?

• Architectural Excellence: The development is a landmark project known for its unique design and aesthetic appeal.
• Luxury Living: D’Leedon offers high-end facilities, including multiple swimming pools, a clubhouse, and extensive landscaped gardens.
• Prime Location: Situated in the prestigious District 10, it’s close to top schools, shopping belts, and dining options.

Property Purchase Regulations for Foreign Persons and Entities in Singapore

Foreign Person Purchase

• Restricted Properties: Vacant residential land, terrace houses, semi-detached houses, bungalows, certain strata landed houses, townhouses, residential shophouses, association premises, places of worship, worker dormitories/service apartments/boarding houses (not registered under the Hotels Act), and commercial & residential properties.
• Criteria for Approval: Must be a permanent resident for at least five years and make exceptional economic contributions.
• Application Process: Can apply for approval in-principle even without a specific property in mind, valid for one year. Processing time is about one month.
• Restrictions and Conditions: Properties must be used for own occupation and cannot be disposed of or subdivided within 5 years without approval. PRs can buy properties not exceeding 15,000 square feet, not in a good class bungalow area.
• Additional Purchases: Allowed if the 5-year non-disposal condition is met. Existing property must be disposed of before the legal completion of the new property.

Foreign Entity Purchase

• Restricted Properties: Same as above for foreign persons.
• Purchase Process: Entities can purchase residential property subject to approval and a non-refundable application fee.

Variation of Condition

• Circumstances for Variation: Includes changes in construction plans, altering shareholding, inability to complete construction/sell property within the given time.
• Supporting Documents: Visa documentation, employment letters, valuation reports, property advertisements.
• Application Fee: Non-refundable.

Clearance Certificate

• Purpose: Allows a Singapore company/LLP/society to acquire and retain residential properties.
• Eligibility: Entities with all members, directors, partners, and trustees being Singapore citizens or Singapore companies/LLPs.
• Application Process: Online application with a non-refundable fee.
• Foreign Admission: Must cancel the clearance certificate or convert to a foreign entity before admitting a foreign person.

Acquisition by Personal Representative and Beneficiary

• Inheritance: Foreign persons can inherit restricted property subject to approval. Personal representatives must dispose of the interest within 5 years if acquisition is not allowed.
• Legal Title for Representatives: Foreign representatives can acquire legal title as trustees or executors subject to approval.
• Extension for Disposal: Application required if unable to dispose of the interest within 5 years.

Appeals

• Process: Appeals can be made within 3 months of the decision letter, advised only if there are new substantial grounds.

Conclusion

Landed homes within condominium projects offer a unique and attractive option for foreigners and PRs buyers in Singapore. They combine the privacy and space of landed properties with the convenience and amenities of condominium living. Whether you’re looking for a sustainable lifestyle at eCo, the tranquility of Archipelago, the variety of Euhabitat, or the luxury of D’Leedon, there’s something to suit every preference.

By choosing one of these properties, you’re not just buying a home; you’re investing in a lifestyle that balances exclusivity, community, and convenience. If you’re a foreigner considering a move to Singapore or a PR, these developments provide a fantastic opportunity to enjoy the best that the local real estate market has to offer.

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