A Quick Price Guide for Rebuilding a Landed Property in SG
Are you planning to live in your dream house in Singapore? If so, then maybe it’s time to look for a landed property you can start rebuilding.
If you’re overwhelmed by the idea and don’t know where to begin, we’ll gladly help you out. In this guide, we provided the costs and some essential details about rebuilding a landed property in SG just for you!
What are the different types of developments in Singapore?
In Singapore, there are several development types that can help you rebuild your landed property. Each has a designated purpose on how you want your future house to be.
Without further ado, here are the three types of developments that you can choose from:
- Complete Demolition (New Erection)
- Reconstruction
- Additions and Alterations (A&A)
First, complete demolition or new construction means that the landed property will be entirely demolished to build a new structure. This is mostly done to old houses or those that are deemed uninhabitable to live in.
Meanwhile, reconstruction focuses more on maintaining the existing structure. It highlights major renovations, as well as roof replacements, constructing new beams, and building additional storeys.
For A&A, only minor renovations are allowed such as adding a new flooring or attic, hacking walls, painting services, and similar maintenance works. This does not include any structural changes like constructing new columns or beams.
What are the things to keep in mind when rebuilding a property in Singapore?
The first thing you need to do is to choose a landed property you want to develop. The best ones are those located in a quiet and safe neighbourhood away from main roads.
Another thing that you can also consider is ample parking space within the property if you own a car. For those who use public transportation daily, it’s wise to choose a property near bus stops and metro stations.
For starters, here are some things you need to remember when rebuilding a property:
- Look for a credible building contractor
- Choose a qualified architect and engineer
- Get approval from the Urban Redevelopment Authority (URA) or Building and Construction Authority (BCA)
- Review the development control restrictions and guidelines
- Get a professional electrician to check the property’s power line
- Hire waterproofing specialists to ensure a leakage-free property
- Select a plumber to execute proper drainage and water works
As for the finishing touches, pick an interior designer who specialises in your chosen design. If you want a minimalist theme, try looking for firms or designers that offer the best Scandinavian interior design.
What’s the estimated cost to rebuild a landed property in Singapore?
The total cost will vary depending on your development type: complete demolition (new erection), reconstruction, or A&A. Aside from focusing on the structure itself, you also have to consider other factors such as lighting and fixtures.
The ballpark figure of rebuilding a landed property can go as high as $1 million or even more. This is because other fees like materials and manpower can add up during the construction process.
To give you a good idea, check out the table below for estimated costs:
Additionally, solely buying a landed property in Singapore can already cost you around $2 million for a terrace home. Meanwhile, a Good Class Bungalow (GCB) can cost up to a staggering $200 million.
Simply put, rebuilding a landed property can get quite expensive. So you better expect to spend a large sum of money once you decide to proceed with the initial work.