Cheapest Landed Property in Singapore You Can Buy Right Now for Less than $2 Million (2023)

To many, owning a landed property is a sure sign that 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 (a.k.a. Good Class Bungalows (GCB)).

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 eight affordable landed properties listed on PropertyGuru that cost $2 million and below.

Note: This list includes land-titled residential landed property and cluster houses (i.e. strata landed housing), which are typically more affordable and within our stipulated budget for this article. All rooms listed above were available at the time of writing. However, due to the nature of property listings, the ads may be taken down any time.

As always, there are always new listings being added; so if these don’t suit your needs, do browse the landed properties for sale on PropertyGuru for more houses. For those who would prefer to spend their $2 million on a condo unit instead, check out all condo units for sale on PropertyGuru.

List of Cheapest Landed Property in Singapore

Is It worth Buying Landed Property in Singapore?

1. Jalan Chempaka Puteh

Jalan Chempaka Puteh is a renovated inter-terrace unit located in District 16, in the Upper Changi Road area. It is a six-minute walk, or 470m, to Tanah Merah MRT station on the East-West Line (EWL) that also connects to Changi Airport.

This well-maintained property sits on a huge land plot of 2,526 sq ft, with ample space for living and dining. On Level 1, in addition to the living hall and dining area, there is also one bedroom and a common toilet. On Level 2, there are three bedrooms and a common toilet. It also has an outdoor garden beside the car porch and a spacious backyard – fantastic for those with energetic fur kids and/or children.

Nearby schools include Bedok South Secondary School, Anglican High School, Bedok View Secondary School and APSN Katong School. There are also Montessori schools in the vicinity for your little tots.

Prices for 4-bedroom units in the last five years within the area range between $786.75 to $1,264 per sq ft (PSF).

2. 51 Jalan Asas (Fuyong Estate)

51 Jalan Asas in Fuyong Estate is a rarely-available terrace house for sale that is close to Hillview MRT station on the Downtown Line (DTL), about a five-minute walk away. The property is currently vacant and located in a serene spot in Singapore, close to green spaces such as Dairy Farm Nature Park, Upper Bukit Timah Corridor, and Rail Corridor.

For those who love convenience and shopping, the Rail Mall is mere steps away; while HillV2 is about a 10-minute walk away. As for families, there are a couple of preschools, kindergartens, and student care centres nearby, and schools that include CHIJ Our Lady Queen of Peace.

Prices for 3-bedroom units in the last five years range between $1,271 to $1,403 PSF.

3. Bedok Road (Siew Lim Park)

This landed semi-detached house at Bedok Road (Siew Lim Park) is rare with a land size of almost 4,300 sq ft. It comprises two storeys with six bedrooms, five bathrooms, and ample space for up to five cars.

Just a stone’s throw (five-minute walk) to Tanah Merah MRT station on the EWL, enjoy amenities such as popular foodie spot Simpang Bedok / Bedok Market Place, a Giant Supermarket, and various schools. Changi Airport, which is also fantastic for shopping and entertainment, is also just a speedy train ride away.

One transaction of $800,000 for a 6-bedroom unit was observed in the past three months.

4. Near Upper Changi Road

This terrace house near Upper Changi Road gives the homeowner the convenience of being just minutes away from Tanah Merah MRT station by car, as well as shopping centres Bedok Point, East Point and East Village.

Being a corner terrace, this type of landed unit is likened to that of a semi-detached house, as only one wall is shared. There also tends to be more light, as well as more space – which means that corner terrace houses tend to fetch a higher price.

Parents also have access to various educational options for their children, which include Bedok South Secondary School, Saint Anthony’s Canossian Secondary School (SACSS), and Changkat Primary School.

Prices recorded for 4-bedroom units in the last five years range between $786.75 to $1,264 PSF.

5. Jalan Molek

Jalan Molek in District 14 is very accessible, being within a 10-minute walk of three MRT stations: Aljunied, Mountbatten, and Dakota MRT stations. This is a rare strata walk-up apartment with an ample common area, four big bedrooms, and two baths that are part of a two-floor landed terrace house for sale. There may be en-bloc potential.

The built-up floor area is 1,100 sq ft (squarish layout) with the entrance from the side; and the total lane size is almost 2,142 sq ft that is owned and shared by both the upper floor apartment and ground floor apartment, which belongs to another owner.

Nearby amenities include grocery stores, quick access to great food at Geylang, and various shopping malls and offices at Paya Lebar, just a short MRT ride away. Parents can rejoice, with Kong Hwa School and Geylang Methodist School (Primary) close by.

Asking prices recorded for 4-bedroom units in the last five years range between $877 to $1,728.73 PSF.

6. Yio Chu Kang Road

For those who don’t want the hassle of major renovation works, it would be a no-brainer to look for a landed property that was recently revamped, such as this beautiful four-bedder fully-furnished terrace house in Yio Chu Kang that sports a classy look.

Located in District 28, the inter-terrace house is near schools that include Rosyth School, Xinmin Primary School, Bowen Secondary School, Serangoon Gardens Secondary School, and Peirce Secondary School. It is also near green lungs such as Windsor Nature Park, Lower Peirce Reservoir, and the MacRitchie Treetop Walk.

Prices for 4-bedroom units range between about $981.94 to $1,697.80 PSF.

7. Kew Residencia

Developed 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, developer Far East Organization envisioned Kew Residencia as a retreat where residents can wake up to the sea, sand, and sun daily.

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

Location-wise, there are numerous eateries nearby that include Bedok Market Place in Simpang Bedok. Kew Residencia’s location is also linked to the city centre via PIE and ECP. The closest station is Bedok South MRT on the new Thomson-East Coast Line (TEL), followed by Tanah Merah MRT station on the EWL that also connects to Changi Airport.

Landed Property Singapore: Kew Residencia Landed Property Prices

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

Browse available landed property for sale at Kew Residencia on PropertyGuru.

8. South Union Park (Jalan Tua Kong)

This freehold strata landed South Union Park property at Jalan Tua Kong in District 15, just 850m from the upcoming Siglap MRT station on the TEL. It is spread over a generous 126 sqm with three giant bedrooms that are airy with large windows looking out to the lush greenery and one bathroom.

Located in a peaceful neighbourhood, those who want to seek more activity can head to the nearby East Coast Park for a jog, barbecue, cycling, water sports or even just to read and relax by the beach. The bustling Siglap area, which has lots of good food, is close by as well.

Staying at Jalan Tua Kong Road, you will have easy access to a wide range of amenities that include trendy cafes and restaurants, schools, and supermarkets.

Prices for 3-bedroom units in the last five years range between $1,376.6 to $2,162.33 PSF.

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

And there you have it, although prices for landed properties have been increasing, here is actual proof that it is possible to find cheap landed properties in Singapore! 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. Some may be inter-terrace houses, which means that different levels might be owned by different parties. Yet, if you’re talking about practicality, it’s more than enough living space for even a three-generation family.

Secondly, many of 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.

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.

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.

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