HDB Terrace Houses: 11 of These Public Landed Properties Under 850k

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When we mention public housing, the first thing that comes to mind are the high-rise Housing Development Board (HDB) apartments in the heartlands. But did you know that HDB flats aren’t the only housing type that the Government has built? Some of the more well-known, discontinued flat types include the HDB jumbo flat, DBSS flat and HUDC flat. In addition to those, once upon a time, HDB also built landed HDB terrace houses as well. 

 

What Are HDB Terrace Houses?

HDB terrace houses were built in the 1950s by the Singapore Improvement Trust (SIT). SIT is the predecessor of HDB and took care of public housing before HDB was born. The British colonial government created SIT to address Singapore’s early housing needs. 

During the SIT era, they developed these HDB terrace houses as one of the public housing options for Singaporeans. In total, 285 HDB terrace houses were built in Whampoa and Queenstown area. Each of them has about 900 sq ft of living space that spans across two storeys.

When HDB was came into existence, they took over the HDB terrace houses from SIT in the late 1960s and early 1970s. That was when the HDB terrace houses were issued with fresh 99-year lease. Today, the HDB terrace houses in Queenstown (lease started in 1968) are left with 47 years of lease, while the HDB terrace houses in Whampoa (lease started in 1972) are left with 51 years of lease.

 

HDB Terrace Houses vs Landed Property vs HDB Flats: How Are They Different?

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HDB terrace houses look just like any other landed property on the outside. However, they aren’t exactly the same as their private counterparts.

All HDB terrace houses are leasehold

Unlike private landed properties, none of the HDB terrace houses are freehold. Instead, they have a 99-year lease, just like any other HDB property. As such, the government is entitled to take back the land once the 99-year lease is up.

HDB terrace houses have “block numbers” 

If you look closely, you will notice a distinct and observable difference that resembles an HDB block number at the side of the walls. These HDB terrace houses share the same HDB block plate that you see on old HDB flats. 

HDB terrace houses have no private parking space 

Another key difference is that unlike most private landed houses, HDB terrace houses do not have their own car porch. Owners of HDB terrace houses have to park at HDB carparks, just like any other HDB flat owner.

 

What about when compared to HDB flats? 

As seen above, HDB terrace houses and flats have a lot in common. But since they’re houses (as opposed to high-rise apartments), when it comes to practical living, HDB terrace houses feel more similar to a landed property than an HDB apartment. 

 

How Much Do HDB Terrace Houses Cost?

The price of HDB terrace houses range between $680,000 and $1,168,000. And there are a few factors that affect the price of an HDB terrace house, including the size, remaining lease, location and condition (furnishing/renovations).

  • Size

The bigger the HDB terrace house, the more it costs. Period. For example, the most expensive HDB terrace house listed on PropertyGuru is an HDB terrace house at 51 Jalan Bahagia for $1,168,000, which is 1,916 sq ft in size. This puts it at twice the size of an average HDB terrace house. 

  • Remaining Lease

Conventionally, the shorter the lease, the lower the cost. That’s because, as the lease slowly runs down, the value of the HDB terrace house also goes down.

  • Location

While there are only a few areas where HDB terrace houses were built such as Queenstown and Whampoa, the desirability of the location still varies. For instance, the HDB terrace house that was recently sold for $1m was located within a few minutes’ walk to the Queenstown MRT and amenities like Queenstown swimming complex and sports complex. This makes it much more sought-after and thus leading to a higher price tag.

  • Condition (furnishing, renovations, etc) 

Last but not least, the condition of the HDB terrace house also plays a part in the price of each unit. When you have an HDB terrace house that is decorated to the nines and look like it is magazine-worthy, it is no wonder why the valuation of the home is being propped up.

 

Why Do Homebuyers Pay So Much For Old HDB Terrace Houses?

While conventional wisdom tells us that you shouldn’t be paying so much for HDB homes with expiring lease, it might not apply for old HDB terrace houses. Here’s why homebuyers might be willing to pay so much for old HDB terrace houses.

Firstly, HDB terrace houses are rare and offers homebuyers a chance to own a landed property at a much more reasonable price. Thus, homebuyers are willing to pay for the exclusive living experience that comes with each HDB terrace house.

The second and more likely reason is that homebuyers could be looking for an en bloc windfall. HDB has a redevelopment scheme known as the Selective En bloc Redevelopment Scheme (SERS), which began in 1995. SERS typically target sites where the land has not been well utilised and has good redevelopment potential. HDB terrace houses fall into this category of land that has not been well utilised. Imagine how many more HDB apartments could have been built on the land that currently only house one HDB terrace house unit.

 

11 HDB Terrace Houses Under $850,000

For those who are interested in snapping up an HDB terrace house, here are some of the reasonably priced ones that are below $850,000.

Check out all the HDB terrace houses that are listed on PropertyGuru here.

 

  • 61 Jalan Tenteram

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This is the cheapest HDB terrace house listed on PropertyGuru at $680,000. It comes with two bedroom and an area of 1,011 sq ft. This HDB terrace house currently has 38 years left on its lease.

Check out this HDB terrace house unit at 61 Jalan Tenteram on PropertyGuru

 

  • 48 Jalan Bahagia

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48 Jalan Bahagia is a 3-bedroom HDB terrace house that is being sold at $768,000. With an area of 1,056 sq ft, this HDB terrace house has three bedrooms accompanied by two bathrooms. Similar to 61 Jalan Tenteram, it also has 38 years left on its lease.

Check out this HDB terrace house unit at 48 Jalan Bahagia on PropertyGuru

 

  • 40 Jalan Bahagia

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40 Jalan Bahagia is another 3-bedroom HDB terrace house located on the same street as 48 Jalan Bahagia in Whampoa estate. This HDB terrace house is slightly smaller at 978 sq ft with only one bathroom. But it comes with a much longer lease of 51 years.

Check out this HDB terrace house unit at 40 Jalan Bahagia on PropertyGuru

 

  • 58 Stirling Road

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58 Stirling Road is a nicely furnished 3-bedroom HDB terrace house located in the Queesntown area. The 850 sq ft HDB terrace house is situated within three minutes’ walk away from the Queenstown MRT. At $820,000, this HDB terrace house with 38 years of lease left could be the dream home you are looking for.

Check out this HDB terrace house unit at 58 Stirling Road on PropertyGuru

 

  • 62 Jalan Ma’mor

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62 Jalan Ma’mor is a nicely furnished 3-bedroom HDB terrace house in Whampoa that is suitable for those looking for a move-in-ready unit. At $838,000 this HDB terrace house with 38 years of lease left is a potential choice for those looking for a short lease home for your retirement years.

Check out this HDB terrace house unit at 62 Jalan Ma’mor on PropertyGuru

 

  • 39 Jalan Bahagia

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39 Jalan Bahagia is a 958 sq ft HDB terrace house located in Whampoa estate with zen furnishing that is ready for move-in. For the price of $848,000, homebuyers will be paying for a well-furnished HDB terrace house with 38 years of lease left.

Check out this HDB terrace house unit at 39 Jalan Bahagia on PropertyGuru

 

  • 49 Jalan Bahagia

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Right next to 39 Jalan Bahagia, the neighbouring HDB terrace house at 49 Jalan Bahagia is also being put up for sale.  Similar to its neighbour, this 861 sq ft HDB terrace house unit in Whampoa estate is also selling at $848,000. For $848,000, homebuyers will get a nicely renovated HDB terrace house with a modern theme.

Check out this HDB terrace house unit at 49 Jalan Bahagia on PropertyGuru

 

  • 41 Jalan Bahagia

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If you are looking for a HDB terrace house with a modern touch, 41 Jalan Bahagia is one to consider. This 1,012 sq ft unit in Whampoa estate will certainly delight your family with its modern interior design. For $850,000, you can make you’re your dream home.

Check out this HDB terrace house unit at 41 Jalan Bahagia on PropertyGuru

Could these eight HDB terrace house bring you closer to your landed property dream? Alternatively, if you are looking for more affordable HDB homes, perhaps you can consider these HDB apartments that are priced at below $400k. If you don’t mind the waiting time and want to opt for BTOs, be sure to also check out PropertyGuru’s BTO guide here.

For more helpful property-related articles like this, check out our PropertyGuru Guides section.

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