{"id":99826,"date":"2018-10-15T12:02:26","date_gmt":"2018-10-15T05:02:26","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/only-top-5-of-earners-can-afford-landed-homes\/"},"modified":"2018-10-15T12:02:55","modified_gmt":"2018-10-15T05:02:55","slug":"only-top-5-of-earners-can-afford-landed-homes","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/only-top-5-of-earners-can-afford-landed-homes\/","title":{"rendered":"Only top 5% of earners can afford landed homes"},"content":{"rendered":"


\nLanded homes are some of the most expensive properties in Singapore.
\nOnly the top five percent of earners in Singapore or professionals like financial directors, specialist medical practitioners, lawyers and CFOs can afford landed properties in the city-state, reported the Business Times citing a ValueChampion research.
\nThis comes as an average terrace home sold in H1 2018 would see the buyer forking out $714,590 as a 25 percent downpayment and $9,086 per month as mortgage payment given an interest rate of about two percent \u2013 amounts which can only be afforded by those earning $34,646 per month.
\nGood class bungalows (GCBs) emerged as the most expensive property in Singapore. With only about 2,700 units spread mainly across districts 10 and 11, GCBs typically span 1,400 sq m with land prices at over $10,000 psf.
\nMore:\u00a010 Facts About Good Class Bungalows
\nThis is followed by detached properties which were sold for an average price of $13.1 million, or $9,002 psf in the first half of the year. Semi-detached properties and terrace homes were sold at an average price of $4.12 million and $2.86 million, respectively.
\nValueChampion junior research analyst Anastassia Evlanova noted that landed properties also come with varying types of leasehold tenures which could also affect the price.
\n\u201cFreehold properties are the most expensive, followed by 999-year leaseholds and 99-year leaseholds.\u201d
\nWith this, smaller 99-year leasehold semi-detached homes with about 10 to 30 years left on their lease may prove to be cheaper. In fact, some are going for $300,000 to $400,000 or lower than the average price of a four-room resale HDB flat, said Evlanova.
\nFind\u00a0landed houses for sale\u00a0or read our\u00a0buying guides. Can you afford a landed house? Check your\u00a0affordability\u00a0now.\u00a0
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Only top 5% of earners can afford landed homes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Landed homes are some of the most expensive properties in Singapore. Only the top five...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-99826","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-pY6","jetpack-related-posts":[{"id":95165,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dalvey-road-gcb-up-for-sale-offers-expected-at-over-100m\/","url_meta":{"origin":99826,"position":0},"title":"Dalvey Road GCB up for sale, offers expected at over $100m","date":"August 1, 2018","format":false,"excerpt":"\r \u00a0 A 51,058 sq ft Good Class Bungalow (GCB) at Dalvey Road has been put up for sale, with expectations that it could attract offers in excess of $100 million, revealed marketing agent JLL. Located within White House Park GCB Area, the two-storey bungalow sits on elevated grounds at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61282,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/strong-pick-up-in-sales-of-gcbs-and-sentosa-cove-homes\/","url_meta":{"origin":99826,"position":1},"title":"Strong pick-up in sales of GCBs and Sentosa Cove homes","date":"July 20, 2017","format":false,"excerpt":"\r View of waterfront bungalows in Sentosa Cove. Sales of good class bungalows (GCBs) and Sentosa Cove homes picked up in the first half of 2017 from a year ago, according to a report by List Sotheby\u2019s International Realty, Singapore. Based on caveats lodged with URA Realis, 20 GCBs and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104115,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/good-class-bungalows-fetch-record-prices-amid-market-slowdown\/","url_meta":{"origin":99826,"position":2},"title":"Good class bungalows fetch record prices amid market slowdown","date":"February 18, 2019","format":false,"excerpt":"\r The bungalow of HDB\u2019s former chairman was sold last year for nearly $94 million. (Photo: JLL) Despite a slowdown in the property market, prices of Singapore\u2019s good class bungalows (GCBs) continue to soar to record heights even though foreigners are not allowed to acquire this type of asset, reported\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93023,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-bungalow-at-sixth-avenue-up-for-sale-at-16m\/","url_meta":{"origin":99826,"position":3},"title":"Freehold bungalow at Sixth Avenue up for sale at $16m","date":"July 3, 2018","format":false,"excerpt":"\r The old single-storey bungalow near Sixth Avenue MRT station was built around the 1980s. (Photo: JLL) A freehold bungalow at 45 Sixth Avenue has been put up for sale carrying an asking price of $16 million or about $1,274 psf, revealed marketing agent JLL on Monday (2 July). Located\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108862,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-home-sales-fell-33-8-in-1h2019\/","url_meta":{"origin":99826,"position":4},"title":"Luxury Home Sales Fell 33.8% in 1H2019","date":"July 10, 2019","format":false,"excerpt":"\r Sales of high-end private landed homes above $5 million slowed, falling 33.8 percent to $1 billion in the first half of 2019 from the previous period, revealed a Knight Frank report. On an annual basis, sales of such homes declined 53.51 percent. URA flash estimates showed that the landed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124342,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/15-leasehold-gcbs-to-rise-at-former-caldecott-broadcast-centre-site-gloria-mansion-sold-for-70-3mil-and-more\/","url_meta":{"origin":99826,"position":5},"title":"15 leasehold GCBs to rise at former Caldecott Broadcast Centre site, Gloria Mansion sold for $70.3mil and more","date":"January 25, 2022","format":false,"excerpt":"\r 18th January to 24th January 2022 The former Caldecott Broadcast Centre site is set to become the largest cluster of leasehold Good Class Bungalows (GCBs) in Caldecott Hill as Perennial Holdings proposed to redevelop the site into 15 leasehold GCBs. Meanwhile, Gloria Mansion was sold en bloc for $70.3\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/01\/Singapore-CBD-landscape.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/99826"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=99826"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/99826\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=99826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=99826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=99826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}