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Property Herald: Landed Homes and Locations Preferred by HDB Upgraders


Landed Homes and Locations Preferred by HDB Upgraders
Landed Homes and Locations Preferred by HDB Upgraders

HDB graders predominantly buy terrace houses, as terrace houses are more affordable than the other two types of landed homes - semi-detached houses and detached houses or bungalows.

 

Terrace houses are also the most common type of landed homes in Singapore. Based on transactions of landed homes in the past decade, 59 per cent of transacted landed properties are terrace houses, while bungalows and semi-detached houses made up 12.3 per cent and 28.7 per cent of sales respectively.

 

In 2023, 71.2 per cent of landed homes purchased by HDB dwellers were terrace houses. This is followed by semi-detached houses (23.2 per cent) and bungalows (5.6 per cent). .

 

Almost eight out of ten houses bought by HDB upgraders in 2023 are in suburban areas in the Outside Central Region. It is also likely that these buyers gravitated towards the HDB estates where they lived, or where they have extended family and social networks. 

 

Nevertheless, some HDB upgraders have deep pockets - 9.9 per cent of upgrader buyers were in the Core Central Region and 10.7 per cent in the Rest of Central Region.

 

Table 1: Number and proportion of landed houses bought by HDB upgraders in 2023

 

No of housing units bought by buyers with HDB addresses in 2023

 

Bungalow

Semi-detached house

Terrace house

Total landed units

TOTAL

13

54

166

233

% of total

5.6%

23.2%

71.2%

100.0%

Source: Mogul.sg Research, URA


Table 2: Number and location of houses bought by HDB upgraders in 2023

 

No of housing units bought by buyers with HDB addresses in 2023

Region

Bungalow

Semi-D

Terrace house

Total landed units

% of total

CCR

7

8

8

23

9.9%

RCR

1

7

17

25

10.7%

East

1

9

35

45

19.3%

North-east

2

22

61

85

36.5%

North

2

6

18

26

11.2%

West

0

2

27

29

12.4%

TOTAL

13

54

166

233

100.0%

Source: Mogul.sg Research, Realis

 

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