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 …

Mandarin Top 5

5 Factors : Why Singapore’s Property Market Is Still A Safe Haven For Investors

Jayson Ang – May 22, 2024 –

Real estate investment has always been a popular choice for investors looking to generate passive income and build long-term wealth....

All Blog Posts Opinion

Should You Be Upgrading To A Condo In 2023?

Jayson Ang – April 24, 2023 –

TLDR The 2022/23 property market is experiencing high prices, making it challenging for individuals to decide whether to upgrade their...

Mandarin Top 5

Top 5 : Benefits of Investing in Older vs. Newer Singapore Property Market Condos for International Buyers?

Jayson Ang – January 14, 2025 –

Singapore's property market has long been an attractive investment destination for international buyers, offering a stable and well-regulated environment with...

Mandarin Top 5

5 Pros Of Buying A Resale Property

Jayson Ang – March 6, 2024 –

Luxury properties in Districts 9 and 10 of Singapore are highly coveted, and for good reason. From stunning views and...

Mandarin Top 5

Top 5 : Risk Factors For International Buyers Investing In Singapore Real Estate And How Can They Be Mitigated?

Jayson Ang – December 15, 2024 –

Singapore, a thriving global city-state, is known for its business-friendly environment, low tax rates, and high standard of living. The...

Mandarin Top 5

Top 5 Factors : Investing In Luxury Singapore Properties: Is It Worth It?

Jayson Ang – August 23, 2024 –

Investing in luxury properties has always been an attractive option for high-net-worth individuals seeking to diversify their investment portfolios. Singapore,...

All Blog Posts Opinion

Singapore Property Price Set to Explode Upwards in 2024?

Jayson Ang – March 10, 2023 –

TLDR Understanding the factors influencing property prices in Singapore for 2024 can help in making informed decisions. Despite high rental...

Mandarin Top 5

The 5 Hottest Neighborhoods in Singapore for Real Estate Investment

Jayson Ang – May 14, 2023 –

Hey everyone! Today I want to share with you the 5 hottest neighborhoods in Singapore for real estate investment. These...

All Opinion

Reasons Why En-Bloc Sales Are Expected to Remain Slow in 2025

Jayson Ang – February 6, 2025 –

TLDR From 2014 to 2024, the en-bloc market has faced challenges due to fluctuating cooling measures and a shift from...

All Blog Posts Buying Tips

Discover How The CPF Accrued Interest Can Impact Your Property Sale Proceeds

Jayson Ang – April 12, 2023 –

Singaporeans are renowned for being smart and savvy - especially when it comes to selling their homes, whether it's an...

All Buying Tips Opinion

Neighbourhood Estate Guide: Is Holland Village the Most Charming and Relaxed of HDB Estates?

Jayson Ang – January 1, 2025 –

According to the 2014 master plan, Holland Village was given the prestigious title of an "identity node," confirming its status...

All Blog Posts Buying Tips

What Happens To Your Housing Loan Once You Sell Your House?

Jayson Ang – July 5, 2023 –

TLDR When selling your home in Singapore, ensure you pay off your outstanding home loan, refund any CPF monies used,...

All Blog Posts Buying Tips

Are You Worried About Overpaying On Your Property? Here’s The Secret To Finding Out Its Perfect Purchase Price!

Jayson Ang – March 14, 2023 –

TLDR Understanding property valuations and their impact on mortgage loans is crucial in the Singapore real estate market. By considering...

Mandarin Top 5

Top 5 Trends And Developments That Will Shape Singapore’s Property Market In The Next 5 Years

Jayson Ang – April 24, 2025 –

Singapore's property market has always been a dynamic and evolving landscape, attracting both local and international investors. As we look...

Mandarin Top 5

Top 5 : Places to Learn About Singapore’s History

Jayson Ang – February 13, 2025 –

Singapore, a bustling metropolis known for its modernity and multiculturalism, is also a treasure trove of rich history and heritage....

All Blog Posts Buying Tips

Discover What Else You Can Focus On Beyond PSF – Here’s How!

Jayson Ang – July 17, 2023 –

TLDR When considering real estate investments, factors like property size, location, and PSF play crucial roles in determining affordability. Smaller...