|Private Residential Properties These are the non Public Housing Residential Properties and these can be further broken down into the following categories.
A. Non-Landed Private Residential Properties These are the most liberal in terms of eligibility criteria and anyone who can afford can buy a Non-Landed Private Residential Property. However Non-Singaporeans are restricted from buying all the units within a building. There are 2 distinct types of Non-Landed Private Residential Properties:
• Condominiums -These are apartments which come with several facilities within the project grounds such as swimming pool, tennis courts, gym and others. You’ll need to pay a maintenance fee for the upkeep of the facilities.
• Apartments – These are the apartments that do not come with any facilities except basic ones such as carpark.
B. Landed Private Residential Properties
These are considered a Restricted Property under the Residential Property Act. Non Singapore Citizens and PRs need to seek approval from the Minister of Law if they want to buy a Landed Private Residential Property.
Landed properties includes:
• Terrace Houses – Houses which share a common boundary (2 – 3 sides) with at least 3 houses in a row• Semi-Detached Houses – Houses which share a common boundary on one side of the property
• Detached Houses / Bungalows – Houses which are free standing and do not share any common boundary with other houses
• Good Class Bungalows – Bungalows which are on a plot of land of at least 15,000sfAnother commonly used differentiating factor for both landed and non-landed property residential properties is the tenure. The 3 most widespread tenures available are Freehold, 99yrs leasehold or 999 yrs leasehold.