Landed Property - the Singaporean Dream
In land-scarce Singapore, landed properties are considered prized assets and the housing equivalent of reaching the higher echelons of the society. Only about 5.1% of Singaporeans live in Landed Properties.
Having a title to a piece of land in Singapore, especially those with freehold status, is mainly driven by a dream often associated with status, prestige and exclusivity of being a landed home owner. This is the ultimate dream of most Singaporean.
As Singapore intends to grow its population to the estimated 6.9m in 2030, it will be inevitable that the authority start optimising and intensifying the land use, resulting in the declining proportion of landed homes in Singapore, thus adding on to its appeal.
It’s estimated that there’re only approximately 73,150 landed properties in Singapore.