Detached Houses

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Detached Houses

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Detached houses or bungalows are considered prime choices in a highly competitive Singapore real estate market. Detached houses are free-standing houses constructed within a plot of land. Even though these properties carry premium prices, the real estate market still sees these properties as the best options in Singapore.

According to Singapore Property Cycle, detached houses have consistently outperformed other types of properties for sale in the region. The property price index for detached houses for Quarter 3 and Quarter 2 are 321.9 and 236.7, besting other types of properties like apartments and condominiums. This cycle is reminiscent of the shape of the Singaporean property market from 1994 to 1996.

By law in Singapore, these real estate properties are restricted properties, and foreign ownership of these houses are subject to local laws. If an expat wants to purchase a detached house in Singapore, he will need to seek an approval expect when the target house is located in Sentosa Cove.

There are two different classes of detached houses in Singapore: the Good Class Bungalow and the normal detached house. The difference between these two types of properties can be found in their plot sizes.

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A property can be considered a Good Class Bungalow if it has a minimum land area of 1,400 sq meter. Also, this real estate development should have a minimum plot width of 18.5 meter and a minimum plot depth of 30 meter.

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For regular-sized bungalow, the minimum lot size is 400 sq meter and a plot width of at least 10 meter.

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For individuals looking to invest in Good Class Bungalows, it is best to limit the search to the 39 areas in the city-state where these properties are located. Some of the areas where these types of detached houses can be found include Belmont Park, Camden Park, Cluny Hill, Holland Rise, Leedon Park, Maryland Estate, Raffles Park, Swiss Club Road and Windsor Park.

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Exclusive and Prime Real Estate Investments

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When it comes to exclusivity and privacy, the detached houses are considered the choice of many. Detached houses are stand-alone houses that do not share a wall with another property. Also, these types of properties often include a spacious garden, a feature that is rare to find in the Singaporean real estate market.

But exclusivity comes at a price: these detached houses come at higher sticker prices and difficult to find in the market. The cost of construction per floor area (CFA) ranges from S$3,250 to S$5,350 (GIA, 2012). The construction floor area refers to the enclosed area of the building or property, including above-ground car park area and the covered basement.

If buying a new detached house is near-impossible due to limited number of properties for sale or due to high cost, individuals can also rent out a detached house in Singapore. Depending on location, a detached house for rent in Singapore can fetch at least S$10,000 to more than S$30,000 per month.

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