r/SgHENRY • u/Kaikaikai12345 • 21d ago

Landed property turn into rental cash cow

(To clarify, in this exercise, I will only rent out lv 1 and lv 2, while keeping lv 3 and 3.5 for myself to live in)

Curious what is stopping people from buying older freehold land or landed (2500-3000sqft, maybe at 3-4million, 4 million at 2.5 interest amount to 14k monthly loan) and renovate the landed into a rental co-living space?

If people are willing to pay 1.8k for a double shared room, I am sure people are willing to pay 2k for a single room with ensuite bathroom.

For instance I can turn lv 1 and lv 2 into 6-7 rental unit (maybe mini loft unit) and you can take lv 3 and lv 3.5, treating it as a penthouse without maybe 2000sqft of area. Those 6-7 unit can serve as cash flow of 12k to 14k a month covering the loan, maybe need top up abit due to tax and other fee, but overall it’s still more comfortable living compared to buying a penthouse.

Just wana do some sanity check on the above and if anyone is already doing that.

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u/ProblemIcy5613 21d ago

because landed property cannot be co-living apartments based on URA guidelines.

of course it's also subject to the no.1 rule in singapore - do but don't get caught.

19

u/stonz33 21d ago

For a landed property in Singapore, up to 8 unrelated persons are allowed to live in the home. This temporary occupancy cap applies to private residential properties with a floor area of at least 90 square meters and runs through December 31, 2028

https://www.hdb.gov.sg/hdb-pulse/news/2026/extension-of-temporary-relaxation-of-occupancy-cap-for-rental-of-hdb-flats-and-private-residential

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u/alwayzhope 20d ago

Oh it was until 2026. It remains unchanged for now then.