By Winfred Quek · CEA R073319H · Published 28 October 2026
Facts verified: 28 October 2026 · Sources listed below
"How much does a terrace house cost?" is the right question asked in the wrong form. No two landed homes are the same plot, and a published range of "$3 million to $5 million for a semi detached house" hides the things that actually move the price: land size, tenure, street, and the condition of the house. I will not give you an invented range. What I can give you are three things that are verifiable: what the official URA price index says landed prices have done, how to pull actual sales from URA's own transaction search, and who is allowed to own landed property under the Residential Property Act. This is general information, with no forecast and no advice.
Why there is no single price range for landed homes
Landed homes sit on their own land, so each sale is partly a land sale. A terrace house, a semi detached house and a bungalow (detached house) differ in plot size and frontage. Beyond that, a freehold plot and a leasehold plot of the same size are not equal, and neither are two streets a few minutes apart. Strata landed houses, the kind found inside cluster developments, are a separate category again. URA's transaction search keeps the two apart: it has one option for "Landed Properties (Non Strata)" and another for "Strata Landed". Any figure that mixes them, or that skips plot size, will mislead. For a look at the strata category, see cluster housing and strata landed.
Source: URA, Private Residential Property Transactions search, checked 28 October 2026. https://eservice.ura.gov.sg/property-market-information/pmiResidentialTransactionSearch
What the official landed price index shows
URA publishes a price index for landed properties, with the first quarter of 2009 set at 100. It is a price movement measure, not a price in dollars. From 1Q2015 the Department of Statistics notes that the indices use a stratified hedonic regression method, which controls for differences in the attributes of properties transacted, such as age and unit size. So a rise in the index is not the same as "the average terrace house now costs more".
| Quarter | Landed price index (1Q2009 = 100) | Change on the previous quarter |
|---|---|---|
| 3Q2024 | 235.5 | -3.4% |
| 4Q2024 | 235.3 | -0.1% |
| 1Q2025 | 236.2 | 0.4% |
| 2Q2025 | 241.4 | 2.2% |
| 3Q2025 | 244.8 | 1.4% |
| 4Q2025 | 253.1 | 3.4% |
| 1Q2026 | 252.1 | -0.4% |
| 2Q2026 | 258.4 | 2.5% |
Source: Singapore Department of Statistics via data.gov.sg, Private Residential Property Price Index by Type of Property (source: URA), data to June 2026, last updated 24 July 2026. Quarterly changes are my calculation from the index values. https://data.gov.sg/datasets/d_da00b36ca8c831322fa0bb2a3378a476/view
Three plain readings, none of them a forecast. The 2Q2026 value of 258.4 is the highest in the series, which starts in 1975. It is about 7.0% above 2Q2025 (241.4). And the path was uneven: the index fell 3.4% in 3Q2024 and was broadly flat for the next two quarters before rising. URA's release of 23 October 2026 then reported that prices of landed properties increased by 2.9% in 3Q2026, compared with a 2.5% increase in the previous quarter, while non landed prices increased by 1.0%.
Source: URA, Release of 3rd Quarter 2026 real estate statistics, 23 October 2026, checked 28 October 2026. https://www.ura.gov.sg/news/media/pr26-73/
An index also cannot tell you how many landed homes changed hands or what a particular street is worth. For the rental side of this market, see landed rents against condo rents.
How to check actual landed sales on URA's search
URA's Private Residential Property Transactions search is the free way to look at individual sales. Here is what the page says it covers and how it works, as at my check:
- Coverage. Private residential transactions with caveats lodged or Options to Purchase issued within the last 60 months.
- Where the data comes from. New sales from 25 May 2015 are based on Options to Purchase issued by developers. Resale and subsale transactions are based on caveats lodged with the Singapore Land Authority. Lodging a caveat is not mandatory, so some transacted properties may not appear.
- Search fields. Project or postal district (up to 5 projects at a time, and the property type field is compulsory when searching by postal district), property type, sale date by month and year, and type of sale (new sale, subsale or resale).
- Update schedule. Resale and subsale information is updated every Tuesday and Friday, and new sales every Friday.
- More detail. URA points to its REALIS subscription service for more detailed real estate statistics.
Source: URA, Private Residential Property Transactions, information panel, checked 28 October 2026. https://eservice.ura.gov.sg/property-market-information/pmiResidentialTransactionSearch
To use it sensibly:
- Pick the property type first: non strata landed for terrace, semi detached and detached houses on their own land.
- Search the postal district and the streets near the home you care about, over the longest window available, then narrow.
- Compare like with like: house type, plot size, tenure, and how recent the sale is. Set aside any outlier, such as a rebuilt house or an unusually large plot.
- Note how many sales you actually have. A handful of sales cannot define a range.
I have not listed price ranges by house type here because URA's transaction tool needs to be queried for your own streets and plot sizes, and any range I quoted without that would be a guess. If you want help reading the results for your target area, that is the kind of conversation I am happy to have.
Who can own landed property: the Residential Property Act basics
Prices matter less if you are not allowed to buy. The Singapore Land Authority (SLA) states that a foreign person who wishes to purchase a landed residential property in Singapore, including at Sentosa Cove, must seek approval under the Residential Property Act. SLA defines a foreign person as anyone who is not a Singapore citizen, a Singapore company, a Singapore limited liability partnership or a Singapore society. That wording means Singapore permanent residents are covered by the approval requirement too. For a fuller look, see can PRs buy landed property and Sentosa Cove and foreign buyers.
| Approval needed for a foreign person | No approval needed for a foreign person |
|---|---|
| Vacant residential land | Condominium unit |
| Terrace house | Flat unit |
| Semi detached house | Strata landed house in an approved condominium development |
| Bungalow or detached house | Leasehold of a landed property for a term not exceeding 7 years, including renewal options |
| Strata landed house not in an approved condominium development, such as a townhouse or cluster house | Executive condominium unit, HDB flat and HDB shophouse (HDB eligibility rules apply) |
| Landed residential property at Sentosa Cove |
Source: SLA, Foreign ownership of property (page last updated 20 August 2025), checked 28 October 2026. https://www.sla.gov.sg/regulatory/foreign-ownership-of-property/
On criteria, SLA says each applicant is assessed case by case, taking into consideration, among other factors, that you should be a permanent resident for at least five years and must make an exceptional economic contribution to Singapore. Applications are submitted online, and an in principle application may be made before you have found a property. SLA estimates that assessment generally takes about 30 working days from receipt of all required documents, and that this may be longer for complex cases. Stamp duties are separate from approval: see IRAS for the rates that apply to your buyer profile.
A short checklist before you look at landed prices
- Confirm you are eligible to own the property type under the Residential Property Act.
- Use the URA price index only for direction, never as a price.
- Pull actual sales for the same house type, plot size and street, and count the sales.
- Ask for a professional valuation before any commitment. For the upgrade route from a condo or HDB, read upgrading to landed property.
Frequently asked questions
What does a terrace house cost in Singapore?
There is no single figure, because price depends on land size, tenure, street and condition. URA's landed price index shows direction rather than a dollar price, and URA's transaction search lets you check actual sales for a postal district and property type over the last 60 months. This page gives no invented price ranges.
How have landed prices moved according to URA?
URA's landed price index (1Q2009 = 100) was 258.4 in 2Q2026, the highest in a series that starts in 1975, and about 7.0% above 2Q2025 by my calculation. URA's release of 23 October 2026 reported that landed prices increased by 2.9% in 3Q2026, compared with 2.5% in 2Q2026.
Can a foreigner or PR buy a landed house in Singapore?
Only with approval. SLA says a foreign person who wishes to purchase landed residential property, including at Sentosa Cove, must seek approval under the Residential Property Act. A foreign person is anyone who is not a Singapore citizen, Singapore company, Singapore limited liability partnership or Singapore society, so PRs need approval too. Approval is assessed case by case.
Can a foreigner buy a strata landed house in a condominium?
SLA lists a strata landed house in an approved condominium development as a property a foreign person can buy without approval. A strata landed house that is not within an approved condominium development, such as a townhouse or cluster house, needs approval.
Want recent landed sales for your target street read with you?
Tell Winfred the area and house type you are considering, and he will go through URA's recent transactions with you so you can see what the data shows. General information only, not a valuation.
Ask Winfred on WhatsApp Book a free 30 minute callWinfred Quek, CEA R073319H, Crestbrick Pte Ltd (L3010886H). General information as at 28 October 2026, not legal, financial, tax or property advice. Figures are from URA, the Department of Statistics and SLA and may change. Quarterly changes in the table are the author's calculation. This page makes no price forecast.