Landed versus non-landed: which is the better buy?
Have scarce landed homes beaten condos and apartments, and who may buy them?
From 1975 Q1 to 2012 Q2 landed prices grew 8.8% a year and non-landed prices 7.2%.
5 charts4 free1 member chartOpen
Market data
Landed homes are scarce and sell in small numbers. These topics compare them with condos and apartments, split them by house type, and look at rents, vacancy and tenure.
FreeLine chart
Private residential price index, 1Q2009 = 100. Landed and non-landed, 1975 Q1 to 2026 Q2 (URA)
Landed has grown faster than non-landed over every long period tested, but since 2012 the lead is almost gone: over the 14 years from 2012 Q2 the landed index rose 50.3% and the non-landed index 48.7%.
Source: URA, Property Price Index via SingStat. 1Q2009 = 100, 1975 Q1 to 2026 Q2. Data to 2026 Q2.
Licence: green class (Singapore Open Data Licence).
| Period | Landed | Non-landed |
|---|---|---|
| 1975-Q1 | 7 | 11 |
| 1975-Q2 | 8 | 11 |
| 1975-Q3 | 8 | 12 |
| 1975-Q4 | 8 | 12 |
| 1976-Q1 | 8 | 12 |
| 1976-Q2 | 8 | 12 |
| 1976-Q3 | 8 | 12 |
| 1976-Q4 | 8 | 12 |
| 1977-Q1 | 8 | 12 |
| 1977-Q2 | 8 | 12 |
| 1977-Q3 | 8 | 12 |
| 1977-Q4 | 8 | 12 |
| 1978-Q1 | 8 | 12 |
| 1978-Q2 | 8 | 12 |
| 1978-Q3 | 8 | 12 |
| 1978-Q4 | 8 | 12 |
| 1979-Q1 | 8 | 13 |
| 1979-Q2 | 9 | 13 |
| 1979-Q3 | 10 | 15 |
| 1979-Q4 | 11 | 16 |
| 1980-Q1 | 12 | 19 |
| 1980-Q2 | 14 | 22 |
| 1980-Q3 | 16 | 26 |
| 1980-Q4 | 19 | 31 |
| 1981-Q1 | 24 | 40 |
| 1981-Q2 | 27 | 44 |
| 1981-Q3 | 27 | 43 |
| 1981-Q4 | 26 | 40 |
| 1982-Q1 | 27 | 39 |
| 1982-Q2 | 28 | 39 |
| 1982-Q3 | 29 | 39 |
| 1982-Q4 | 31 | 40 |
| 1983-Q1 | 33 | 41 |
| 1983-Q2 | 34 | 41 |
| 1983-Q3 | 35 | 41 |
| 1983-Q4 | 36 | 40 |
| 1984-Q1 | 37 | 38 |
| 1984-Q2 | 36 | 35 |
| 1984-Q3 | 36 | 34 |
| 1984-Q4 | 33 | 33 |
| 1985-Q1 | 32 | 31 |
| 1985-Q2 | 30 | 31 |
| 1985-Q3 | 28 | 30 |
| 1985-Q4 | 28 | 29 |
| 1986-Q1 | 26 | 27 |
| 1986-Q2 | 25 | 24 |
| 1986-Q3 | 26 | 25 |
| 1986-Q4 | 30 | 27 |
| 1987-Q1 | 30 | 27 |
| 1987-Q2 | 31 | 28 |
| 1987-Q3 | 34 | 31 |
| 1987-Q4 | 33 | 31 |
| 1988-Q1 | 33 | 31 |
| 1988-Q2 | 33 | 32 |
| 1988-Q3 | 33 | 33 |
| 1988-Q4 | 34 | 34 |
| 1989-Q1 | 34 | 35 |
| 1989-Q2 | 35 | 36 |
| 1989-Q3 | 37 | 39 |
| 1989-Q4 | 37 | 39 |
| 1990-Q1 | 40 | 42 |
| 1990-Q2 | 41 | 43 |
| 1990-Q3 | 42 | 43 |
| 1990-Q4 | 39 | 42 |
| 1991-Q1 | 42 | 43 |
| 1991-Q2 | 45 | 47 |
| 1991-Q3 | 47 | 48 |
| 1991-Q4 | 48 | 48 |
| 1992-Q1 | 51 | 50 |
| 1992-Q2 | 51 | 53 |
| 1992-Q3 | 53 | 55 |
| 1992-Q4 | 55 | 56 |
| 1993-Q1 | 60 | 57 |
| 1993-Q2 | 70 | 62 |
| 1993-Q3 | 79 | 65 |
| 1993-Q4 | 85 | 69 |
| 1994-Q1 | 95 | 73 |
| 1994-Q2 | 108 | 83 |
| 1994-Q3 | 126 | 89 |
| 1994-Q4 | 127 | 92 |
| 1995-Q1 | 130 | 95 |
| 1995-Q2 | 131 | 97 |
| 1995-Q3 | 133 | 98 |
| 1995-Q4 | 135 | 106 |
| 1996-Q1 | 138 | 111 |
| 1996-Q2 | 141 | 122 |
| 1996-Q3 | 138 | 120 |
| 1996-Q4 | 132 | 119 |
| 1997-Q1 | 130 | 112 |
| 1997-Q2 | 129 | 111 |
| 1997-Q3 | 123 | 106 |
| 1997-Q4 | 117 | 103 |
| 1998-Q1 | 106 | 93 |
| 1998-Q2 | 97 | 85 |
| 1998-Q3 | 81 | 77 |
| 1998-Q4 | 73 | 71 |
| 1999-Q1 | 77 | 75 |
| 1999-Q2 | 87 | 84 |
| 1999-Q3 | 94 | 90 |
| 1999-Q4 | 99 | 95 |
| 2000-Q1 | 101 | 99 |
| 2000-Q2 | 101 | 100 |
| 2000-Q3 | 99 | 98 |
| 2000-Q4 | 97 | 94 |
| 2001-Q1 | 94 | 90 |
| 2001-Q2 | 92 | 90 |
| 2001-Q3 | 89 | 87 |
| 2001-Q4 | 87 | 83 |
| 2002-Q1 | 85 | 82 |
| 2002-Q2 | 85 | 81 |
| 2002-Q3 | 85 | 82 |
| 2002-Q4 | 85 | 81 |
| 2003-Q1 | 84 | 81 |
| 2003-Q2 | 84 | 80 |
| 2003-Q3 | 83 | 80 |
| 2003-Q4 | 83 | 80 |
| 2004-Q1 | 83 | 80 |
| 2004-Q2 | 83 | 80 |
| 2004-Q3 | 83 | 80 |
| 2004-Q4 | 84 | 81 |
| 2005-Q1 | 84 | 81 |
| 2005-Q2 | 84 | 82 |
| 2005-Q3 | 85 | 83 |
| 2005-Q4 | 86 | 84 |
| 2006-Q1 | 87 | 86 |
| 2006-Q2 | 88 | 87 |
| 2006-Q3 | 89 | 90 |
| 2006-Q4 | 91 | 94 |
| 2007-Q1 | 94 | 99 |
| 2007-Q2 | 101 | 107 |
| 2007-Q3 | 108 | 116 |
| 2007-Q4 | 113 | 124 |
| 2008-Q1 | 117 | 129 |
| 2008-Q2 | 118 | 129 |
| 2008-Q3 | 116 | 126 |
| 2008-Q4 | 110 | 118 |
| 2009-Q1 | 100 | 100 |
| 2009-Q2 | 95 | 95 |
| 2009-Q3 | 110 | 111 |
| 2009-Q4 | 119 | 118 |
| 2010-Q1 | 128 | 124 |
| 2010-Q2 | 136 | 131 |
| 2010-Q3 | 147 | 133 |
| 2010-Q4 | 155 | 135 |
| 2011-Q1 | 161 | 137 |
| 2011-Q2 | 167 | 139 |
| 2011-Q3 | 171 | 141 |
| 2011-Q4 | 171 | 141 |
| 2012-Q1 | 171 | 141 |
| 2012-Q2 | 172 | 142 |
| 2012-Q3 | 174 | 142 |
| 2012-Q4 | 177 | 145 |
| 2013-Q1 | 178 | 146 |
| 2013-Q2 | 178 | 148 |
| 2013-Q3 | 179 | 149 |
| 2013-Q4 | 177 | 148 |
| 2014-Q1 | 176 | 146 |
| 2014-Q2 | 173 | 145 |
| 2014-Q3 | 170 | 144 |
| 2014-Q4 | 168 | 143 |
| 2015-Q1 | 166 | 141 |
| 2015-Q2 | 164 | 140 |
| 2015-Q3 | 164 | 138 |
| 2015-Q4 | 161 | 137 |
| 2016-Q1 | 159 | 137 |
| 2016-Q2 | 157 | 137 |
| 2016-Q3 | 152 | 135 |
| 2016-Q4 | 154 | 134 |
| 2017-Q1 | 151 | 134 |
| 2017-Q2 | 150 | 134 |
| 2017-Q3 | 152 | 135 |
| 2017-Q4 | 153 | 136 |
| 2018-Q1 | 156 | 142 |
| 2018-Q2 | 162 | 146 |
| 2018-Q3 | 166 | 146 |
| 2018-Q4 | 163 | 147 |
| 2019-Q1 | 164 | 145 |
| 2019-Q2 | 164 | 148 |
| 2019-Q3 | 166 | 150 |
| 2019-Q4 | 172 | 150 |
| 2020-Q1 | 170 | 148 |
| 2020-Q2 | 170 | 149 |
| 2020-Q3 | 177 | 149 |
| 2020-Q4 | 174 | 153 |
| 2021-Q1 | 185 | 157 |
| 2021-Q2 | 185 | 159 |
| 2021-Q3 | 190 | 160 |
| 2021-Q4 | 197 | 168 |
| 2022-Q1 | 205 | 168 |
| 2022-Q2 | 211 | 174 |
| 2022-Q3 | 215 | 182 |
| 2022-Q4 | 216 | 182 |
| 2023-Q1 | 229 | 187 |
| 2023-Q2 | 231 | 186 |
| 2023-Q3 | 223 | 190 |
| 2023-Q4 | 233 | 194 |
| 2024-Q1 | 239 | 196 |
| 2024-Q2 | 244 | 197 |
| 2024-Q3 | 236 | 198 |
| 2024-Q4 | 235 | 203 |
| 2025-Q1 | 236 | 205 |
| 2025-Q2 | 241 | 207 |
| 2025-Q3 | 245 | 209 |
| 2025-Q4 | 253 | 208 |
| 2026-Q1 | 252 | 211 |
| 2026-Q2 | 258 | 211 |
Topics
Each topic asks one question and answers it with charts. Open one to read the key points and see every chart.
Have scarce landed homes beaten condos and apartments, and who may buy them?
From 1975 Q1 to 2012 Q2 landed prices grew 8.8% a year and non-landed prices 7.2%.
5 charts4 free1 member chartOpen
How do detached, semi-detached and terrace houses compare on price and growth?
From 1998 Q4 to 2013 Q1 the index gained 156.7% for detached, 142.7% for terrace and 128.2% for semi-detached houses, against 97.1% for condominiums.
5 charts2 free3 member chartsOpen
How have landed rents and vacancy moved against prices?
Landed rents peaked at 120.0 in 2013 Q3, fell to 92.3 in 2020 Q3 (-23.1%) and peaked again at 164.2 in 2023 Q3.
4 charts4 freeOpen
Is freehold landed property worth a higher price than leasehold?
On the URA index the freehold terrace stood level with leasehold in 2007 Q2 and 25.1% above it in 2013 Q1 (254.7 against 203.6).
6 charts2 free4 member chartsOpen
Charts
One chart from each of the first topics. The title of each chart says what it found.
Landed versus non-landed: which is the better buy?
Key figuresFree
Detached, semi-detached and terrace houses
Line chartFree
Landed property rentals and vacancies
Key figuresFree
Landed property: freehold or leasehold?
Line chartFree