5 Cheapest Landed Property in Singapore Under 2 Million You Can Buy (2022)

To many, owning a landed property is a sure sign you’ve ‘made it’ in Singapore. A house is the ultimate status symbol, with the wealthiest residents living in huge, multi-storey compounds with sprawling gardens.

According to the PropertyGuru Property Market Index Report Q1 2022, landed property prices have been rising for eight straight quarters. More specifically, in 2021, landed property prices rose 13.3%, exceeding the rise of 10.6% in overall private home prices.

The increase in demand for bigger homes brought about by the enduring work from home arrangements and record-high transaction volumes of Good Class Bungalows (GCBs) likely contributed to the reasons why landed property prices are on the uptick.

Related article: What We Know About Singaporean Millennials and Luxury Property in 2021

There is no question that you must be, at the very least, a millionaire to buy landed property in Singapore. However, owning landed property is not necessarily out of reach for those who do not have family wealth to inherit. There are actually plenty of relatively affordable landed homes with prices comparable to condos, even in light of rising prices.

For those looking for the cheapest landed property in Singapore, here is a list of the five affordable landed properties listed on PropertyGuru that cost less than $2 million.

Disclaimer: This list includes land-titled residential landed property, as well as cluster houses (strata landed housing) which are typically more affordable and within our stipulated budget for this article.

List of Cheapest Landed Property in Singapore

If the offerings on this list do not satisfy you, browse all landed properties for sale on PropertyGuru. Alternatively, if you would rather spend $2 million on a condo, check out all condo units for sale on PropertyGuru.

1. Loyang Villas: From $1,820,000

Loyang Villas is a terrace house project located along Loyang Rise, about 12 minutes’ walk from Pasir Ris MRT station. Upcoming station Loyang on the future Cross-Island Line will open in 2030 about 14 minutes’ walk away. The property also enjoys proximity to various business parks in the East such as Changi Business Park and Loyang Industrial Park.

Loyang Villas has plenty to offer nature lovers thanks to an abundance of the surrounding greenery and the resident estate park. Families with children will also appreciate the presence of nearby schools like Dunman Secondary School and Tampines Junior College.

Related article: 8 Benefits of Living Near Nature

About Loyang Villas

• District: 17
• Price: $1,820,000 to $2,980,000
• Area: 2,530 to 6,000 sq ft
• Housing type: Terrace
• Tenure: 99-year leasehold
• Year of Completion: 1997

Nearby Amenities to Loyang Villas

• Loyang Point
• White Sands Mall
• Tampines Mall
• Tampines Leisure Park
• Nautical Park @ Pasir Ris
• Tampines Mart

Cheapest Landed Property in Singapore: Loyang Villas Landed Property Prices

Here are the recent transactions from the past three months:

*Only one transaction was recorded in the past 12 months.

Browse available landed property units at Loyang Villas on PropertyGuru.

2. Springhill: From $1,938,000

Located in District 27 at Sembawang Walk, Springhill is a 99-year leasehold landed terraced house development project. Despite its rather far-flung location, Springhill enjoys good connectivity via public transport, with Canberra MRT station being located about 9 minutes’ walk away and Sembawang MRT about 13 minutes’ walk away.

Both stations are on the North East Line and connect directly to Orchard and Raffles Place MRT stations without the need for line transfers.

Springhill residents enjoy the use of condominium facilities such as swimming pools, a gym and barbecue pits. They also benefit from proximity to green and recreational spaces such as Jalan Kemuning Park and Sembawang Hot Spring Park.

About Springhill

• District: 27
• Price: $1,938,000*
• Area: 2,765 to 3,993 sq ft
• Housing type: Terrace
• Tenure: 99-year leasehold
• Year of Completion: 2008

Nearby Amenities to Springhill

• Sembawang Shopping Centre
• Canberra Plaza
• Sun Plaza
• Junction 9 Shopping Mall
• Sembawang Hot Spring Park
• Jalan Kemuning Park

Cheapest Landed Property in Singapore: Springhill Landed Property Prices

Here are the recent transactions from the past three months:

Browse available landed property units at Springhill on PropertyGuru.

Related article: HDB to EC, Condo, or Landed Property: How Much Must You Save to Upgrade in Singapore (2022)

Also looking for a home loan? Compare the best mortgage rates on PropertyGuru Finance, or contact us for more personalised advice and recommendations:

3. Villa Verde: From $1,999,999

Villa Verde is a 99-year leasehold terrace house development on Verde Avenue in northwest Singapore. It is located 9 minutes’ walk from Yew Tee MRT station on the North South Line and 13 minutes’ walk from Choa Chu Kang MRT station, which will function as an interchange for the North South Line and the Jurong Region Line when the latter opens in 2027.

Related article: How Does Distance to MRT Affect Property Prices in Singapore?

Villa Verde is located in a low-density area surrounded by other landed houses, making it ideal for residents who wish to enjoy some peace and quiet. Sports enthusiasts will enjoy the proximity of Choa Chu Kang ActiveSG Sports Centre and Choa Chu Kang Stadium, as well as the presence of green spaces like Choa Chu Kang Park. The Rail Corridor is close to the property, leading hikers to other green spaces all over Singapore.

About Villa Verde

• District: 23
• Price: $1,999,999 to $2,580,000
• Area: 1,615 to 2,756 sq ft
• Housing type: Terrace
• Tenure: 99-year leasehold
• Year of Completion: 2002

Nearby Amenities to Villa Verde

• Cho Chu Kang ActiveSG Sports Centre
• Choa Chu Kang Park
• Lot One Mall
• Jurong Pioneer Junior College
• Yew Tee Point
• Rail Corridor
• Villa Verde Park
• Stagmont Park
• Yew Tee Square

Cheapest Landed Property in Singapore: Villa Verde Landed Property Prices

Here are the recent transactions from the past three months:

Browse available landed property units at Villa Verde on PropertyGuru.

4. Loyang Court: From $1,588,888

Located at Jalan Loyang Besar near Changi Airport in District 17, Loyang Court is a 99-year leasehold gated terrace house project built in 1997 and consisting of 12 units. The nearest MRT station Pasir Ris is located about 20 minutes’ walk away.

The property is ideal for those who wish to take advantage of the many outdoor and recreational amenities in the Pasir Ris area. It is just 100 metres away from the beach and also within walking distance of Downtown East, which is home to rock climbing walls, Wild Wild Wet water park, a cinema, an indoor roller skating rink and more.

About Loyang Court

• District: 17
• Price: $1,588,888 to $1,650,000
• Area: 1,916 sq ft
• Housing type: Terrace
• Tenure: 99-year leasehold
• Year of Completion: 1997

Nearby Amenities to Loyang Court

• Downtown East
• Pasir Ris Park
• White Sands Shopping Mall
• ActiveSG Pasir Ris Sports Centre
• Pasir Ris Town Park
• Loyang Point

Cheapest Landed Property in Singapore: Loyang Court Landed Property Prices

No Loyang Court properties have been transacted in the last three months. So, here are the last transacted prices for the different property types in Loyang Court:

Browse available landed property units at Loyang Court on PropertyGuru.

5. Kew Residencia: From $2,000,000

Built in 1997, Kew Residencia is a landed property development that was designed to mimic a resort. Leveraging on the plot’s proximity to East Coast Park, the developer Far East Organization developed Kew Residencia into a resort-like development where residents can wake up to the sea, sand and sun daily.

Related article: 9 Waterfront Condos with Sea Views in East Coast, Harbourfront and More

Just like Springhill, Kew Residencia is a cluster housing project that features condo-like facilities within a landed property development. Residents can enjoy the two pools, fitness gym and more.

Location-wise, there are numerous eateries nearby. Kew Residencia’s location is also linked to the city centre via PIE and ECP. The close station is Tanah Merah MRT station on the East West line.

About Kew Residencia

• District: 16
• Price: $1,450,000 to $1,800,000
• Area: 2,142 to 2,971 sq ft
• Housing type: Terrace
• Tenure: 99-year leasehold
• Year of Completion: 1997

Nearby Amenities to Kew Residencia

• Siglap East Community Farm
• Bedok Food Centre
• Changi General Hospital
• Bedok Mall
• Bedok Point
• Tanah Merah MRT
• Eastwood Centre
• Temasek Primary School
• Temasek Secondary School

Cheapest Landed Property in Singapore: Kew Residencia Landed Property Prices

There aren’t any recent transactions for Kew Residencia properties in the last three months. The last transacted prices for the different property types in Kew Residencia are as follows:

Browse available landed property units at Kew Residencia on PropertyGuru.

Cheapest Landed Property in Singapore: Why Are These Landed Properties So Cheap?

And there you have it, actual proof that landed properties can be as affordable as condos! You must be thinking: something’s definitely got to give, especially when you’re on such a tight budget, right? That’s true to a certain extent, but they’re all pretty minor in our opinion.

Firstly, you’ll notice that these landed homes are all terrace houses, which is the smallest type of landed property. While this may matter to some in terms of “face”, if you’re talking about practicality, it’s more than enough living space for even a three-generation family.

Secondly, these landed homes are 99-year leasehold properties. That’s unsurprising, as freehold (and 999-year) properties that are this spacious usually cost way more. That said, it’s not impossible to find freehold or 999-year leasehold units at this price point if you only look hard enough.

Related article: Freehold vs Leasehold Condos In Singapore – Which Is Better?

Lastly, the more affordable landed properties are usually located in the Outside Central Region (OCR) and further away from the CBD and downtown areas. However, most of these featured properties are at least within minutes of an MRT station, which makes them reasonably accessible.

Buying Landed Property in Singapore

On a final note, when shopping for landed properties, be sure to look out for the remaining lease and condition of the home. While some landed home listings can be as cheap as under $1 million, they usually come with a catch. Usually, they either have only a few years left on the lease or are extremely rundown and require major (and very costly) renovations.

Related article: Renovation Loan in Singapore: Which Is the Best? (2022)

More FAQs about Landed Property in Singapore

Can Foreigners Buy Landed Property in Singapore?

Foreigners are free to buy properties classified as strata bungalows or cluster houses that are part of a condominium development. However, they must apply for approval from the Land Dealings Approval Unit (LDAU) before being able to buy other types of landed property.

What Is the Downpayment for Landed Property?

Downpayment is at least 25%, of which 5% must be paid in cash.

Where to Find Landed Property for Sale in Singapore?

PropertyGuru.com.sg has one of the biggest databases of property listings in Singapore, including landed houses.

For more property news, resources and useful content like this article, check out PropertyGuru’s guides section.

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