Overview of Singapore's Regions
( CCR, RCR, OCR )

 

  OCR (Outside Central Region)  

  RCR (Rest of Central Region)  

  CCR (Core Central Region)  

   

 

 

   

 

Prices of New Condo Transacted
Each Regions At 2020

*Benchmark Prices Increase yearly

 

 

 

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Brand New Purchase Comes with added security to ensure your new home quality will be perfect. You will be able to make your money worth & ensure the property to be in prefect condition.

 

Here the Defects Liability Period of 12 month come into play.

 

The developer is required to rectify all problems with your new unit with  No Cost Required  from you.

 

New Purchases will also save you the headache of Repairs ( Cost Avg. 3k to 10k ) and Revamping Renovation ( Cost Avg. min 30k to 250k ) compare to an older aged Condo.

 

The Timeline of 12 months start from the day of receiving the Notice of Vacant Possession, also known as the Defects Liability Period (DLP), the developer is responsible for any defect that occurs in the unit, the housing project and the common property.    

 

 

Here is the actual workflow of handling a defect checks from the start 

 Residential Property

In This article, we will fully cover of all types of property in Singapore.

At the same time going into details of Non-landed & Landed, Residential & Commercial / Industrial properties classification with the most representing picture examples.

 

Non-landed Residential

  Condominium     EC     DBSS     HDB  

 

  Condominium  

 

Condominium in General will hosts a myriad of facilities; private swimming pools for adults & kids, tennis courts, gym, hot tub, club-houses, spa pool, private carparking, presence of security guards on duty & more.

The definition of condominium is definitely more than just its land size or guard post or facilities.

 

Condominium is a planning concept. To qualify and be marketed as a condominium, the development has to comply with various planning guidelines such as:

 

 

   EC   - Executive Condominium

 

Executive Condominium, or EC, is a type of public housing in Singapore. First built in 1999, EC is a hybrid of public and private housing. They resemble private condominiums and are enclosed within a gated compound with security, amenities like swimming pools, clubhouses, playgrounds and so forth.

EC are built and sold by private developers, but at a price lower than private homes because their land prices are subsidised by the Government. Additionally, buyers can take Central Provident Fund (CPF) grants to pay for an EC bought from a developer.

 

 Eligibility Conditions: 

As such, an EC is subject to certain regulations that apply to Housing and Development Board (HDB) flats.

• Buyers' monthly household income must not exceed $16,000, in order to qualify for an EC. This limit was raised from the previous $14,000 in September 2019.
• Family Nucleus MUST consists of 2 Singaporeans OR 1 Singaporean & 1 Permanent Resident.
• Must NOT bought directly from HDB Twice (include resale flat with CPF Housing Grant).
• Must Meet Minimum Occupation Period (MOP) for existing flat.
• Must NOT Own or Dispose Private Properties within 30 month of EC Application.

 Resale Restrictions: 

For direct purchases from a developer, there is a  Minimum Occupancy Period of five years;  during which the EC cannot be sold or rented out whole. After five years, the EC can only be sold to Singaporeans or Singaporean Permanent Residents (PRs). It can only be sold to foreigners after 10 years from development completion.

EC will now be subjected to the Resale Levy of can be $50,000 or more. This is a lumpsum payment made to HDB when you purchase a second subsidized home. 

 

 

 

 

  DBSS   - Design, Build and Sell Scheme

 

Design, Build and Sell Scheme was introduced by the Housing and Development Board in 2005.
Flats built under the scheme were meant for public housing and developed by private developers.
They were built with supposedly better designs and mostly in matured estates such as Tampines, Ang Mo Kio and Bishan. 

 

 

 

  HDB   - Housing and Development Board

 

Up to 80% of Singapore's population live in HDB flats. HDB Flats in Singapore are sold on a 99-year lease agreement. 

    

 

 

Landed Residential

   Landed     Strata Landed  

 

  Landed House  

 

Landed housing are scarce low-rise/low density residential development. Typical Building Height will be 2 to 3 & Half Floor.

Owner will own direct title to their land rebuilding & A & A discretion.

There are various landed housing forms in Singapore. They are categorised according to the following:

• detached house (bungalow)
• semi-detached house
• terrace house I or II.

 

    

 

 

  Strata Landed House  

 

Strata Landed housing are Landed House with shared facilities similar in a Condominium Development.

They are of Strata title (No condominium status allowed).

Another thing of note is that, Owners cannot demolish or modify their strata landed. All owners will be abide to their respective MCST regulation.

There are various landed housing forms in Singapore. They are categorised according to the following:

• Strata detached house (bungalow)
• Strata semi-detached house
• Strata terrace house I or II.

 

    

 

 

Non-Residential 

Commercial

  Office     Shophouse     Strata Shop     Medical Suites  

 

  Office   - Grade A

 

The Main focal point for business do not cause disturbance to the surrounding environment.
This includes: air pollution, loud noises and safety hazards.

Common business trade for Offices are financial services, start-up, tourism sales, law firm, etc.

Commercial properties aren’t subjected to Additional Buyer’s Stamp Duty (ABSD) unlike residential properties.

    

 

 

  Shophouse  

 

 Majority of Shophouses are Freehold Tenures. Prices are at least from 2 million to 30 million+ depending on locations.
Some shophouse are also of conservation status that is protected from demolishing. Shophouses is classify as landed properties too.

Shophouse's trade of compliant business trade are restricted to URA planning permission allowable uses.

*Find out more by getting in touch with us.

    

 

 

  Strata Shop  

 

Strata Shops are strata titled shops commonly located in mix development projects & standalone Commercial Retail building.

Owners of these strata title are owning the shop's space, some example are Bugis Cube & The M (Mix development of residential & retails shops )

    

 

 

 

  Medical Suites  

 

Medical Suites are Niche Market of Commercial units that are only for specific Trade Purposes.

These shop are VERY rare and hard to acquire medical permission planning.

 

 

 

Industrial

  Business 1     Business 2   
  Business Park     Food Factory  

  

 

 

  Business 1   

 

Business 1 are generally Light Industrial Intended for industry, warehouse, utilities and telecommunication uses.

They are classify with noise pollution levels as:

(a) Business 1 (B1)
Nuisance buffer lesser than 50m.

    

  

 

 

 

Current Supply of Residential Property Units

   HDB     Non-Landed     Landed     Other  

 

  Supply 2019   - Government & Other Online sources

 

HDB - 1,166,857 units

Condo(s) - 324,658 units

Landed - 75,011 units

    

 

Call Us At +65-6100-7118

Sales Enquiries 
For Latest Pricing, Brochure & Viewing Arrangement.

Click To Message

 

 

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