Your search results

What Is The Cost Of Constructing A Landed Property In Singapore?

Posted by Jayson Ang on February 24, 2025

| 0

TLDR

Building a landed property in Singapore can be a costly endeavor, with prices ranging from $300 to $500 per square foot for a built-up area. For a 3,000 square foot home, expect to spend around $1.2 million on construction alone, excluding land costs. Factors like the number of levels, basement inclusion, and demolition of existing structures can increase expenses. Additions and Alterations (A&A) offer a cost-effective alternative but come with restrictions. Professional fees for architects and engineers should also be budgeted. Overall, plan for a budget of approximately $1.5 million for a basic 3,000 square foot landed property, including construction and professional fees.

For a built-up area of 3,000 square feet, anticipate a budget of at least $1.2 million, not counting the land cost.

In Singapore, most real estate is acquired as finished units from developers. Whether it’s a new HDB flat, a condominium, or a landed property, the purchase price usually encompasses the construction expenses. In the case of HDB flats, condominiums, or cluster homes, the price also includes the amenities offered within the development.

As a homeowner in Singapore, you typically only need to pay for the construction of your home if you own land and choose to build or renovate a landed property. But what would this expense entail?

Cost Of Building A Landed Property

The expense of constructing a landed property can differ greatly based on your particular needs, but you can typically anticipate a price range of $300 to $500 per square foot (PSF) for the built-up area. If we take an average cost of $400 PSF, building a landed property with a built-up area of 3,000 square feet would roughly amount to around $1.2 million. This estimate does not include the price of the land, interior furnishings, or any specialized carpentry work.

Additionally, there are several other factors that may contribute to an increase in your overall costs.

Levels Count: The cost of construction is influenced by the number of levels in a home. For example, a 3,000 square foot residence distributed over three levels (with each level being 1,000 square feet) will incur higher building expenses compared to one that is spread over two levels (1,500 square feet per level). This is due to the fact that multi-level constructions require more structural support and materials.

Incorporating a basement into a structure can be quite costly, primarily because of the extra excavation and reinforcement needed. Industry experts suggest that building a basement can greatly elevate the total expenses. Typically, it is more economical to expand vertically by adding additional floors to enhance the gross floor area, rather than opting for a basement construction.

Dismantling of the Current Structure: Should you require the demolition of an existing building, expenses will fluctuate based on the state of the current structure and its closeness to adjacent properties. As a general guideline, it’s wise to allocate a budget ranging from $100,000 to $200,000 for the demolition process.

The usual timeframe for constructing a landed property is around six months. Nevertheless, this duration can stretch to a year or longer based on the project’s scale and any unforeseen challenges or delays that may arise.

Another aspect to consider is the variation order. Although the original contract might fit your budget, unforeseen additional work can lead to an increase in the construction costs of your property.

Additions & Alterations (A&A)

To save on expenses, homeowners might opt for Additions & Alterations (A&A) rather than undertaking a complete rebuild.

As per URA regulations, any proposed A&A work must not exceed 50% of the previously approved gross floor area. Furthermore, the removal and replacement of external walls cannot exceed 50% of the approved external wall area. Changes or replacements to the roof should not include the addition of an extra storey. Essentially, there are restrictions on what can be done in A&A projects.

Generally, the total cost for A&A works is lower due to the more limited scope of work involved. However, it’s important to consider that A&A projects may encounter greater construction challenges, as contractors will need to navigate around the existing structure. This can lead to increased complexity and potential issues throughout the project.

Professional Fees

Alongside construction expenses, it is essential to allocate funds for the professional fees of external consultants involved in the project. These fees encompass services like architectural design, engineering, and project management.

Overall Budget

To reconstruct a basic landed property roughly measuring 3,000 square feet, it’s advisable to allocate a budget of around $1.5 million. This estimate encompasses construction expenses, professional fees, and various associated costs.

Should You Buy, Sell or Wait?

If you’re reading this, you must be trying to figure out the best course of action right now: is it the right time to buy or sell?

It’s difficult to give an exact answer since everyone’s situation is unique and what works for one person may not necessarily work for you.

I can bring you a wealth of on-the-ground experience and a data-driven approach to provide clarity and direction. From beginners to experienced investors, our top-down, objective approach will help you on your real estate journey.

I can help you by:

Offering Strategic Real Estate Advice – I can help create a comprehensive plan to guide you through your property journey.
Connecting Your Home with the Perfect Buyers – Through stunning visuals, an effective communication strategy, and an in-depth knowledge of the market, we’ll ensure your home is presented in the best possible way to fulfill your goals.

You May Also Like …

All Buying Tips Opinion Selling Tips

Learning Hard Truths in Property Investment: Timing the Market Can Hurt

Jayson Ang – August 29, 2024 –

TLDR The blog post delves into the complexities of market timing in property investment, highlighting the risks and challenges associated...

All Buying Tips Opinion Selling Tips

4 Intriguing Property Trends in Singapore for 2024

Jayson Ang – February 10, 2025 –

TLDR The dynamic shifts in Singapore's real estate market following Covid, highlighting three key trends: the surprising resilience of the...

All Buying Tips

4 Fresh Trends among Young Homebuyers Could Shake Things up in Singapore’s Real Estate Scene

Jayson Ang – March 18, 2024 –

TLDR Younger generation in Singapore is reshaping house hunting by showing a preference for quality of life over location. Millennials...

Mandarin Top 5

Navigating Singapore’s Real Estate Market: The Truth Behind 5 Common Misconceptions

Jayson Ang – March 19, 2024 –

The real estate market in Singapore is known for its stability and attractiveness to investors both locally and internationally. However,...

All Blog Posts Buying Tips

4 Simple Strategies to Help Future Homeowners Save Money

Jayson Ang – July 15, 2023 –

TLDR When it comes to being a new homeowner, it's essential to prioritize regular maintenance to avoid costly repairs down...

Mandarin Top 5

Top 5 : What I Wish I Had Known about Property

Jayson Ang – March 17, 2025 –

The world of real estate is a complex and dynamic field, filled with opportunities and challenges. It's a realm where...

Mandarin Top 5

Top 5 Sushi Restaurants in Singapore

Jayson Ang – May 2, 2024 –

Singapore, a melting pot of cultures and culinary delights, is known for its diverse and vibrant food scene. Among the...

Mandarin Top 5

Top 5 Museums in Singapore for Art and History

Jayson Ang – February 29, 2024 –

Singapore, known for its vibrant culture and rich history, is home to a plethora of museums that cater to art...

Mandarin Top 5

5 Biggest Mistakes I Made When Starting Out In Singapore Property Investing

Jayson Ang – May 16, 2024 –

Investing in Singapore property can be an excellent way to generate passive income and build long-term wealth. However, like any...

All Buying Tips Opinion

Debunked! 6 Popular Property Myths of 2023, Including the 99-1 Loophole – Legal or Not?

Jayson Ang – January 4, 2024 –

TLDR This blog post delves into various aspects of the Singapore property market, including topics such as decoupling, 99-1 property...

Mandarin Top 5

The Top 5 Legal Considerations When Investing In A Property In Singapore

Jayson Ang – August 21, 2024 –

Investing in property in Singapore is an attractive option for many, given the country's stable economy and strong demand for...

Mandarin Top 5

Powering The Lion City: The Top 5 Industries Driving Singapore’s Economy

Jayson Ang – July 20, 2023 –

Powering The Lion City: The Top 5 Industries Driving Singapore's Economy Singapore is widely recognized as one of the most...

All Buying Tips

Could You Still End Up Losing Money When Buying Property in Singapore During a Market Slump?

Jayson Ang – February 14, 2024 –

TLDR When it comes to property investments, timing is crucial. Buying at the right moment is only half the battle;...

Mandarin Top 5

Top 5 Places to Watch the Sunset in Singapore

Jayson Ang – March 21, 2024 –

Singapore, a bustling city-state known for its modern architecture and vibrant culture, is also home to some of the most...

All Opinion Selling Tips

Ouch! How Owning a Million-Dollar Home Can Sting with a Whopping $300K Interest in Just a Decade!

Jayson Ang – November 28, 2023 –

TLDR When considering property investments in Singapore, it's crucial to monitor home loan interest rates closely. Even a slight increase...

All Blog Posts Buying Tips

Buying HDB Resale : How to Minimise COV

Jayson Ang – January 20, 2023 –

TLDR Understanding Cash Over Valuation (COV) is crucial when buying a resale HDB flat in Singapore. COV is the additional...

All Blog Posts Buying Tips

Buying a Second Property – 3 Key Factors to Consider

Jayson Ang – June 18, 2023 –

TLDR When navigating the complexities of purchasing a second property in Singapore, ensure you meet eligibility criteria, consider affordability factors...

All Selling Tips

Why Home Staging Is Important In A Competitive Real Estate Market

Jayson Ang – May 7, 2024 –

Singapore's property scene has always been a powerhouse, effortlessly combining the new with the old. It's a real estate playground...

Mandarin Top 5

5 Most Common Property Investment Scams To Watch Out For In Singapore

Jayson Ang – June 12, 2024 –

Property investment scams are unfortunately prevalent in Singapore, and unsuspecting investors can fall victim to these scams, leading to significant...