Deciding if you should buy landed or strata-landed? This article will discuss the difference between strata-landed and landed housing.
The tenure depends on the project itself. There are 99 years, 999 years and freehold lease for both landed and strata-landed.
This is one of the main reasons why buyers chose strata-landed over landed as they get to enjoy condo-like facilities. Landed owners may build their own swimming pool, however it would be costly to upkeep and provided you have enough land space. Facilities are great for families with children.
Just like condominiums, there is monthly maintenance payable by strata-landed owners. Its may range from $350 to $800. Although landed owners do not need to pay monthly maintenance, they have to maintain their own garden, pool(if they own one) and facade.
Landed owners will enjoy their own outdoors space and more privacy. Also, landed houses usually have larger built-in land size. On the other hand, Strata-landed houses tend to have more stories to offer the same built up size as a landed. Eg. a landed which have 2 stories could have the same built-up size as a strata-landed with 5 stories.
Most landed are 2-3 stories because of restrictions. Landed zoning area are usually restricted to 2-2.5 stories. Therefore, you will rarely see a 4-5 stories landed estate.
Strata-landed can start from as low as $2.2million whiles landed houses with more than 60 years lease are priced from close to $3 million.
Potential Growth and rentability
Timing is essential when it comes to making a profit from your property. If the location has upcoming potential, more developments and amenities, you’ll likely see a faster growth rate as compared to matured estates. In terms of rentability, on average, strata-landed houses yield a higher rental percentage than landed as most tenants of landed are expats with young children who will appreciate the facilities strata-landed offer.
Which do you prefer? Landed or Strata-landed?