Yahoo Finance 
Wealth Preservation with Pollen Collection's Bespoke Landed Homes
Enjoy an unparalleled lifestyle today and preserve wealth for tomorrow with a bespoke landed home at Pollen Collection, Bukit Sembawang Estate’s latest landed development.
A common aspiration for many Singaporeans is to own a private property, and having a landed home to call your own is the ultimate Singaporean dream.
A landed home is seen as an excellent asset for wealth preservation due to its scarcity and sturdy demand. It also affords an unparalleled lifestyle as compared to living in other types of properties.
A New Landed Development Debuts in Seletar Hills Estate
Taking a closer look at data from PropertyGuru, Serangoon Garden Estate, Seletar Hills Estate and Opera Estate are amongst the top 5 most sought after landed enclaves (excluding Good Class Bungalows) in Singapore.
Seletar Hills, in District 28, is also home to Bukit Sembawang Estates’ latest landed development, Pollen Collection.
The price for an intermediate terrace house at the Pollen Collection starts from just $3.5 million (terms & conditions apply) or $853 psf on built-up area and is largely in line with average transacted prices for landed homes in the Seletar Hills Estate.
A recent Business Times article suggests that given it’s generous floor area (4,100 sqft), Pollen Collection’s price is more digestible when compared to new suburban condominiums launches of about S$2,000 psf.
When compared to intermediate terrace houses in other popular landed enclaves, prices at Pollen Collection are also in the median range or relatively lower, as it is a brand new move-in condition bespoke landed house that will save buyers from the hassle of alteration or rebuilding works.
Building Wealth For The Future
If we look at the price trend for landed homes in District 28, prices have risen steadily and points to future upside, further solidifying why landed homes are the perfect asset for wealth preservation.
In addition, you get a copious amount of space, that may not be possible even in bigger-sized flats or condominiums.
Further cementing the continued price appreciation in the area, Nim Collection, a recent landed project also developed by Bukit Sembawang Estates in District 28, has seen prices rise by about 30 per cent since its 2018 launch.
In 2018, a 5-bedroom inter-terrace unit sitting on a land area of 1913 sq ft was sold at $2.76 m, it was later sold at $3.56 m in October 2022, capturing a 29 per cent gain. Another similar unit with a land area of 1,614 sq ft was sold for $2.8 m in 2019 and later changed hands at $3.48 m in August 2022 with a 24 per cent upside.
It’s unlikely that new freehold and 999-year leasehold land for landed developments will be released for sale by the government, opined Dr Tan Tee Khoon, Country Manager, PropertyGuru Singapore.
As such, existing landed properties will become a much more coveted asset over the long run, he added.
According to URA’s Property Price Index of Landed Residential Properties, prices of landed homes appreciated by 24.3% between Q4 2020 and Q4 2022.
It Makes Sense To Buy New
All houses at the Pollen Collection spot thoughtful designs that allow for ample natural light and cross ventilation throughout the home.
Other timeless features include a 6-meter-high ceiling in the living and dining rooms, comfortable living spaces featuring five bedrooms with attached bathrooms, dry and wet kitchens, private terraces and gardens, a lift and a car porch that can accommodate up to 3 cars.
Moreover, provisions for 2 isolators in the car porch will allow for the installation of electric vehicle chargers.
Intermediate terrace houses at Pollen Collection have a land area of 1,615 sq ft, with a built-up floor area of around 4,100 sq ft. Corner terrace houses and semi-detached houses are larger in land sizes, and some even have swimming pools.
With such attention to detail and unique design features, purchasing directly from the developer could also be a cost-friendlier option compared to buying a resale property and rebuilding from scratch.
Using Government Land Sales as a guide, the estimated land cost for non-landed properties in the area is about $1,000 psf or about $1.6 million for a 1,600 sq ft house, noted Dr Lee Nai Jia, Head of Real Estate Intelligence, Data and Software Solutions, PropertyGuru.
Next, you need to factor in building costs, which has shot up, as well as fees and fittings which could easily add another $2.5 million and bring the overall price tag to above $4.1 million.
More importantly, buying directly from the developer is always a hassle-free experience and comes with a 1-year customer care service, which isn’t possible in the resale market, he added.
In addition, the advantage of buying a conventional landed home like Pollen Collection is that you gain true ownership of your property with the freedom to redesign and reconfigure your house the way you want, as the houses are non-strata titled.
Unlike strata-titled properties such as condominiums or cluster houses, alteration and renovation work in conventional landed houses are not subject to the control of the Management Corporation Strata Title (MCST).
You will, however, still need to seek approval for any modification from the relevant government authorities.
With an abundance of living space that can be easily customised to comfortably house multi-generational families, landed homes have always been highly sought after.
Given its limited supply and continued appreciation, buying a landed homes like the Pollen Collection in land-scarce Singapore, remains one of the best ways to preserve wealth.
Pollen Collection is solely marketed by Bukit Sembawang Estates’ in-house sales team to offer an exclusive viewing and engagement experience to customers with the opportunity for customers to customize their homes. (terms & conditions apply).
Viewing can be arranged by appointment only, visit Pollen Collection to schedule an appointment or contact Bukit Sembawang Estates’ sales team at 8800 0333. For more information, Click Here.
Bukit Sembawang Estates has been developing landed homes in the Seletar Hills estate and Sembawang since the 1950s. To-date, Bukit Sembawang has developed more than 4,600 houses in Singapore.
This article is the second of a series of four articles PropertyGuru will be presenting on the Pollen Collection. In the next article, we will look at the journey to buying a landed home by optimising asset laddering.
First article – Bukit Sembawang Estates Meets Singaporeans’ Aspiration of Owning a Landed Home with Pollen Collection
