Terrace House Singapore
Welcome to the Ultimate Guide to Terrace Houses in Singapore, your go-to resource for everything you need to know about these desirable landed properties. Often referred to as “row houses,” terrace houses are charming residential spaces designed with narrow ends that lead to surprisingly spacious interiors. As you step inside, you’re greeted by well-ventilated rooms filled with natural light flowing in from the large windows. Uniquely, the walls of these homes often hold stories of those who dreamed of creating their dream home within them. In addition, the roof not only provides shelter but also adds a distinct aesthetic appeal to the overall architecture.
The best property agent for terrace house in Singapore are MCL Land, Guocoland, Far East Organization, Frasers Property, and Oxley Holdings.
The sale of terrace houses in Singapore has seen a notable surge, attracting both locals and foreigners alike. For foreigners, it’s important to note that the purchase of such properties requires specific approval. Whether you are looking for a dream home to purchase or a quintessential terrace house to rent, security is always a top priority. With this guide, we aim to provide you with the most comprehensive information to help you make an informed decision. So, let’s delve into the charming world of terrace houses in Singapore.
Quick Summary
- Best property agent for terrace house in Singapore are MCL Land, Guocoland, Far East Organization, Frasers Property, and Oxley Holdings.
- When purchasing a terrace house in Singapore, it is crucial to consider factors such as location, proximity to amenities, size and layout of the house, the potential for renovation, and the overall price in relation to your budget.
- Terrace houses in Singapore offer a harmonious blend of traditional charm and modern comfort, providing residents with a unique living experience in the heart of the city.
What is Terrace House?
A Terrace House, also known as ‘row houses’, is a style of residential housing where identical houses are joined in rows. These houses share side walls and often have a uniform and symmetrical street view. Despite appearing narrow from the outside, they surprise visitors with spacious interiors. Terrace houses are designed for efficient space usage, featuring multiple storeys with the living area on the ground floor and bedrooms above.
They combine shared community living with the privacy and ownership of a standalone house. In Singapore, terrace houses are popular landed properties known for their unique architectural design, practical use of space, and fostering a sense of community among residents.
Key Considerations
- Location: The location of your terrace house has a significant impact on your lifestyle and the house’s future value. Areas with good connectivity, proximity to essential services and amenities, and a reputation for safety are typically more desirable.
- Budget: Terrace houses in Singapore vary significantly in price depending on their location, size, and condition. It’s essential to establish your budget early on and consider additional costs such as maintenance, renovations, and property taxes.
- Approval for Foreigners: If you’re a foreigner interested in purchasing a terrace house in Singapore, remember that you’ll need specific approval from the Singapore Land Authority.
- Age of the Property: Older terrace houses may have more character, but they might also require more maintenance. Newer properties might lack the charm but come with modern conveniences and less need for upkeep.
- Space and Layout: While terrace houses are known for their efficient use of space, layouts can vary. Think about your living needs and make sure the property offers the right amount and configuration of space.
- Community: Living in a terrace house also means being part of a closer community. Consider if this suits your lifestyle and preferences.
Pros and Cons of Owning a Terrace House in Singapore
Just like any other housing option, terrace houses in Singapore come with their unique set of advantages and drawbacks. Understanding these pros and cons can help prospective homeowners make an informed decision.
1. Pros of Owning a Terrace House in Singapore
- Sense of Community: Living in a terrace house often fosters a close-knit community feeling. Neighbors are likely to know each other, creating a warm, friendly environment.
- Architectural Appeal: The charm of a terrace house lies in its unique architectural design. The combination of modern and traditional elements gives these houses an aesthetically pleasing appearance.
- Efficient Use of Space: Despite their narrow exterior, terrace houses are known for their spacious interiors. The multilevel design allows ample living space, which is efficiently utilized.
- Private Ownership: Unlike condominiums, owning a terrace house in Singapore means having private landed property, offering more privacy and freedom to make architectural changes.
2. Cons of Owning a Terrace House in Singapore
- Cost: Terrace houses in Singapore can be expensive to purchase and maintain, especially in well-connected, desirable neighborhoods.
- Limited Outdoor Space: Due to the compact design of terrace houses, outdoor space such as gardens or backyards may be limited.
- Shared Walls: Sharing walls with neighbors may lead to privacy concerns and potential disputes over noise levels.
- Parking Constraints: Some terrace houses may only offer limited parking spaces, which could be a concern for families with multiple vehicles.
Best Property Agent for Terrace House in Singapore
1. MCL Land
| Key Services | Property Developer |
| Address | One Raffles Quay, South Tower #22-10, Singapore 048583 |
| Website | http://www.mclland.com.sg/ |
| Phone | +6562381121 |
MCL Land is a leading property group in Singapore, renowned for creating quality homes across Asia, with a long track record of building prime residential properties that are well-received due to their strategic locations, extensive amenities, and innovative design.
Key Differentiators
- All properties developed by MCL Land are situated in strategic locations
- Commitment to quality
- innovates their designs
2. Guocoland
| Key Services | Property Developer |
| Address | 1 Wallich St, #31-01 Guoco Tower, Singapore 078881 |
| Website | https://www.guocoland.com.sg/ |
| Phone | +6565356455 |
| Operating Hours | Monday to Friday: 9:00 am to 6:00 pm |
Guocoland is a premier property developer in Singapore, known for creating quality homes with innovative design, strategic locations, and top-notch amenities.
Key Differentiators
- Their innovative design and quality construction.
- They choose strategic locations for their developments
- Provide top-notch amenities within their developments
3. Far East Organization
| Key Services | Property Developer |
| Address | Far East Plaza: 14 Scotts Road #06-00, Singapore 228213 Woods Square: 6 Woodlands Square, Woods Square Tower 2, Level 4/5/6, Singapore 737737 |
| Website | https://www.fareast.com/ |
| Phone | +65 6235 2411 |
Far East Organization, Singapore’s largest private property developer, is renowned for a diverse portfolio of quality homes, commercial spaces, and hospitality assets, reflecting a commitment to creating inspiring experiences and landscapes for the community.
Key Differentiators
- Renowned as Singapore’s largest private property developer.
- Offers a diverse portfolio of residential, commercial, and hospitality assets.
- Demonstrates a commitment to creating inspiring experiences and landscapes.
- Known for delivering quality homes and spaces that cater to various lifestyle needs.
- Emphasizes strategic locations and innovative designs.
4. Frasers Property
| Key Services | Property Developer |
| Address | 438 Alexandra Rd, #21-00 Alexandra Point, Singapore 119958 |
| Website | https://www.frasersproperty.com/ |
| Phone | +6562764882 |
Frasers Property is a diversified real estate company known for creating, owning, and managing a wide array of residential, commercial, and hospitality properties across Singapore and internationally, dedicated to delivering high-quality experiences for residents and visitors.
Key Differentiators
- Wide range of properties
- International presence
- Quality commitment
5. Oxley Holdings
| Key Services | Property Developer |
| Address | 138 Robinson Rd, #30-01 Oxley Tower, Singapore 068906 |
| Website | http://www.oxley.com.sg/ |
| Phone | +65 6713 2888 |
| Operating Hours | Monday to Friday: 9:00 am to 6:00 pm |
Oxley Holdings is a dynamic property development company in Singapore, recognized for its innovative design and quality residential, commercial, and industrial projects that cater to the evolving needs of its clients.
Key Differentiators
- Dynamic and innovative property development practices.
- Offers a diverse range of residential, commercial, and industrial projects.
- Recognized for quality construction and design.
- Catering to evolving client needs.
- Strategic project locations for optimal accessibility and convenience.
Why are terrace houses less expensive?
One might assume that terrace houses in Singapore are less expensive due to their shared walls and somewhat compact design. However, it’s important to note that the price of terrace houses, like other forms of property, largely depends on factors such as location, condition, and size. Terrace houses can be more affordable than standalone houses as they are built in rows, sharing walls with adjacent properties.
This efficient use of land can reduce construction costs, which can be reflected in their price. Additionally, these houses often have fewer outdoor amenities which can also contribute to their lower cost. However, in prime locations, the cost of terrace houses can be on par with, or even exceed, other types of properties due to high land value.
Are terrace houses a smart investment?
Investing in a terrace house in Singapore can be a smart move, provided you’ve done your research. The potential return depends on various factors. Terrace houses offer private ownership and community living, making them appealing to many homebuyers. Their architectural charm, spacious interiors, and efficient use of space make them desirable.
They can also be more affordable compared to standalone houses in the same location. Given the limited land availability, terrace houses often appreciate in value over time, providing a decent return on investment. Consider factors like location, house condition, maintenance costs, and market trends before deciding. Ultimately, the smartness of the investment depends on your financial situation, goals, and preferences.
Eligibility for Acquiring Terrace House in Singapore
- Singapore Citizens: Singapore Citizens have no restrictions, they can freely buy any type of landed property, including terrace houses.
- Permanent Residents (PRs): PRs must obtain approval from the Land Dealings (Approval) Unit if they wish to buy a landed residential property. Approval is subject to several conditions – the PR must have made an exceptional economic contribution to Singapore, and the property must be used solely for the PR’s own occupation.
- Foreigners and Corporations (Companies/Associations): Foreigners and corporations need to apply for approval from the Ministry of Law. The foreigner must be a permanent resident for at least five years, have made significant economic contributions to Singapore, and the landed property must be purchased for their own occupation.
Terrace House Singapore
In light of the above discussion, it’s clear that buying a terrace house in Singapore is an option worth considering. However, it’s not a decision to be taken lightly – a comprehensive account of all the pros and cons, as detailed in this article, must be taken into account. And remember, while these houses may offer the charming appeal of unique architecture and community living, potential buyers must also be prepared for possible downsides like limited outdoor space and parking constraints.
We hope this article has shed some light on the somewhat ‘dark’ and complex world of terrace houses in Singapore, giving you the insights needed to make an informed purchasing decision. It’s a big step, but with the right research and consideration, a terrace house in Singapore can be a charming and rewarding place to call home.
Since you’ve made it to the end, why don’t you check out more of our blog posts down below:
- Ultimate Landed Property Singapore Guide (2024)
- Ultimate Guide On How To Sell Your House In Singapore (2024)
- Ultimate Freehold Vs Leasehold Condos Singapore Guide (2024)
- Ultimate Property Valuation Singapore Guide (2024)
Frequently Asked Questions
If you have any questions about Terrace House Singapore, you can refer to the frequently asked questions (FAQ) below:
What are the best property agent for terrace house in Singapore?
The best property agent for terrace house in Singapore are MCL Land, Guocoland, Far East Organization, Frasers Property, and Oxley Holdings.
What is a terrace house Singapore?
Terrace houses are properties that are part of a row of similar houses joined together by a common boundary, giving them the associated name of row houses. According to URA guidelines, a set of terrace houses has to part of a row of at least three units joined together.
What is the size of a terrace house in Singapore?
Terrace Houses come in two varieties. Type 1 terrace houses are typically larger, with a nominal plot size of 150 square metres and a plot width of 6 metres. The required plot size for a Type 1 corner terrace house is 200 square metres with a plot width of 8 metres.
What is the difference between semi-detached and terrace?
What is the difference between a semi-detached and terraced house? A semi-detached house is attached to just one other property, whereas a mid-terraced house is linked to other homes on both sides.
What is a landed house in Singapore?
Landed properties in Singapore have varying categories. These can be largely categorised into detached, semi-detached and non-detached housing. Detached housing are standalone houses such as a bungalow. In the Singapore context, bungalows can be further divided into 2 categories: Good Class Bungalows (GCB) and Bungalows.
What is a Terrace House in Singapore?
A terrace house in Singapore is a type of landed property that features a row of similar houses, all of which share walls with their adjacent neighbors. They offer a mix of private ownership and community living.
Why are Terrace Houses in Singapore less expensive?
Terrace houses can be more affordable due to the efficient land use and shared walls, which can lower construction costs. However, prices can vary greatly based on factors such as location, size, and house condition.
Are Terrace Houses a good investment?
Terrace houses can be a smart investment as they often appreciate in value due to limited land availability in Singapore. However, potential investors should consider various factors including location, condition, market trends, and potential maintenance costs.
Who is eligible to buy a Terrace House in Singapore?
Singapore Citizens can freely buy any type of landed property, including terrace houses. Permanent Residents and Foreigners have certain restrictions and may need to apply for approval from relevant authorities.
What are some potential downsides of owning a Terrace House in Singapore?
Potential downsides of owning a terrace house include limited outdoor space, potential privacy concerns due to shared walls, and possible constraints with parking. It’s important for potential buyers to consider these factors when making their decision.
Additional Useful Articles
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