image: Nigel Howe
Landed Residential Property
There are essentially two types of landed property:
These are either Land-titled or Strata-titled.
| Land-Titled | Strata-Titled |
|---|---|
| Landed Housing | Strata-titled Landed Housing |
| Good Class Bungalow | Strata Bungalow |
| Detached Houses | Strata Semi-Detached |
| Semi-Detached Houses | Strata Terrace |
| Terraces Houses | Mixed Strata Landed Housing |
Landed Properties Classification Requirements
| Landed Types | Min. Plot Size | Min. Width | Min Depth | Building Coverage | Max. Height |
|---|---|---|---|---|---|
| Good Class Bungalow | 1,400 sq m | 18.5m | 30m | 35% | Up to 2 storeys |
| Detached | 400 sq m | 10m | No control | 35% to 45% | Up to 3 storeys |
| Semi-Detached | 200 sq m | 8m | No control | No control | Up to 3 storeys |
| Corner Terrace | 150 to 200 sq m | 8m | No control | No control | Up to 3 storeys |
| Inter-Terrace | 110 to 150 sq m | 6m | No control | No control | Up to 3 storeys |
Good Class Bungalows
Good Class Bungalows are the cream of the crop for landed housing in Singapore. These are exclusive properties set in designated and coveted locations in the island. They are required to have a minimum plot size upwards of 1404 sq m, and a building height of no more than 2 storeys high. This segment of the market targets the rich and famous. There are about 2,700 such coveted homes scattered across 39 demarcated estates in Singapore. These estates seat on prime residential land, making them the targets of high net-worth individuals.
Nassim Area
The best of the lot and probably the priciest in the island can be found in the Nassim area, where some embassies like the Embassy of Japan, the Philippines Embassy and the Royal Embassy of Saudi Arabia are also sited.
Chatsworth Area
The location covers Bishopsgate, Chatsworth and Rochalie, as well as Swettenham Road and Pierce Road in the Tanglin- Holland vicinity.
Around the Botanic Gardens - the attractive Cluny and Dalvey GCB enclave have a charm of their own.
It is said that a good investment is one that can stand the test of time. It is my belief that Good Class Bungalows do really fall into this category. Ranked at the very top of the housing hierarchy, GCBs offer the exclusivity, prestige and investment value befitting their high price tags. Demand has shot up intensely in recent years. There is always a price to pay for scarcity and these GCBs are no ordinary gems. It oozes class and luxury and plenty of land space.
As the number of wealthy individuals in Singapore grew and the property market began to run-up in 2006-07, demand for GCBs surged. The total transaction value reached S$1.54 billion in 2007, doubled the S$770 million reached in 2005. In 2008, the global financial crisis caused a slow down in the GCB market. It however rebounded promptly in 2009, reaching a total transaction value of S$1.68 billion. In 2010, the transaction value hit a record SGD 2.19 billion.
In 2011 and 2012 GCB transaction values fell sharply to SGD 1.09 billion and SGD 1.27 billion respectively, following a series of property cooling measures.
For the first eight months of 2013, only 21 GCBs worth SGD 511 million were sold.
| Good Class Bungalows In Dist. 10 | ||||
|---|---|---|---|---|
| Belmont Park | Cluny Park | Fourth / Sixth Avenue | Maryland Estate | Ridout Park |
| Bin Tiong Park | Cornwall Gardens | Gallop Rd / Woolerton Park | Nassim Road | Victoria Park |
| Brizay Park | Dalvey Estate | Garlick Ave | Oei Tiong Ham Park | White House Park |
| Bukit Sedap | Ewart Park | Holland Park | Queen Astrid Park | |
| Chatsworth Park | First / Third Avenue | Holland Rise | Rebecca Park | |
| Cluny Hill | Ford Avenue | Leedon Park | Ridley Park | |
