Neo Pee Teck Lane sits in one of Singapore’s most quietly prestigious pockets — a short residential lane tucked between Pasir Panjang Road and the West Coast corridor, where large-format freehold land has been steadily absorbed by long-tenure owner-occupiers since the 1980s. Landed Housing Development, completed in 2021 by Singapore United Estates Pte Ltd, occupies a singular position in this micro-market: it is technically registered as a private residential project, yet its URA REALIS transaction footprint of 5,979 sales records aggregates the full universe of individual landed-housing transactions associated with this development name — terrace houses, semi-detached, and detached lots that changed hands across multiple streets and sub-lots within the broader precinct.
The result is an unusual analytical picture: a 156-registered-unit project commanding average transaction prices that reflect the full range of landed lot sizes, from narrow terraces to expansive detached bungalow parcels. For buyers considering a position within the Neo Pee Teck Lane precinct, this breadth of data is genuinely valuable: no other single URA data source captures the pricing history of this specific landed enclave with comparable depth. Browse comparable District 5 residential pricing to contextualise where Neo Pee Teck Lane sits within the broader Pasir Panjang / Clementi sub-market (as of 2026-05).
District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town) occupies the southern strip of Singapore’s western corridor, classified as Rest of Central Region (RCR) under URA’s market segmentation. The district has undergone significant infrastructure investment since 2015: the Circle Line extension brought Pasir Panjang MRT (CC26) and Haw Par Villa MRT (CC25) online, while the ongoing Greater Southern Waterfront masterplan — spanning ~30 km of southern coastline from Pasir Panjang to Marina East — designates the area as a major future live-work-play precinct. According to the URA Master Plan 2019, portions of the existing Pasir Panjang industrial belt are earmarked for rezoning to residential and mixed-use over the coming decades, a structural tailwind for established freehold landholders in the vicinity (as of 2026-05).
The freehold tenure of Landed Housing Development is its most durable investment attribute. Unlike the majority of Singapore’s private residential stock which carries 99-year leasehold tenure — subject to accelerating lease decay beyond year 40 — freehold land in Singapore has no statutory expiration. Use the landed-vs-condo calculator to compare cost dynamics against equivalent leasehold strata.
The 156-unit project count should be interpreted as an administrative registration count rather than a strata density figure. Neo Pee Teck Lane itself is a sub-200-metre residential lane. The surrounding landed enclave — bounded by West Coast Road, Pasir Panjang Road, and AYE — comprises a mix of GCB-adjacent plots and standard landed lots, giving the precinct a distinctly low-rise, owner-occupier character. The Landed Prices Map shows how PSF values in this corridor compare to District 5’s broader landed market.
We track 5979 sales and 9841 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the LANDED HOUSING DEVELOPMENT dashboard.
- Average sale price: $7,007,394 across 5979 transactions
- Estimated gross rental yield: 2.0%
- District 5 PSF ranking: Premium tier (top 23%)
- Freehold tenure · RCR · D5 · 156 units
About LANDED HOUSING DEVELOPMENT
LANDED HOUSING DEVELOPMENT is a freehold condominium, located at NEO PEE TECK LANE in District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town) (Rest of Central Region), developed by Singapore United Estates Pte Ltd, comprising 156 residential units, completed in 2021.
As a freehold property, LANDED HOUSING DEVELOPMENT does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at LANDED HOUSING DEVELOPMENT:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 6 | $3,969 psf | $2,740,000 |
| 2 BR | 14 | $3,163 psf | $2,823,857 |
| 3 BR | 73 | $2,920 psf | $3,572,247 |
| 4 BR | 1059 | $2,247 psf | $3,810,668 |
| 5+ BR | 4827 | $1,731 psf | $7,778,115 |
Sales Market Overview
LANDED HOUSING DEVELOPMENT has recorded 5979 sale transactions with an average transaction price of $7,007,394, ranging from $320,000 to $815,000,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 1850 | $1,579 psf | $7,194,870 | — |
| 2022 | 909 | $1,714 psf | $6,631,546 | ↑ 8.5% |
| 2023 | 678 | $1,879 psf | $6,873,067 | ↑ 9.6% |
| 2024 | 920 | $1,977 psf | $6,656,991 | ↑ 5.2% |
| 2025 | 1185 | $2,099 psf | $7,046,666 | ↑ 6.2% |
| 2026 | 437 | $2,185 psf | $7,835,130 | ↑ 4.1% |
LANDED HOUSING DEVELOPMENT ranks in the top 23% of condos in District 5 by average PSF.
Compared to the RCR average of $2,047 psf, LANDED HOUSING DEVELOPMENT trades 10% below the segment benchmark.
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Rental Market Overview
LANDED HOUSING DEVELOPMENT has recorded 9841 rental transactions with monthly rents averaging $11,684/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 9841 | $11,684/mo | $800/mo | $170,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 1877 | $9,164/mo |
| 2022 | 2124 | $11,349/mo |
| 2023 | 1779 | $13,644/mo |
| 2024 | 1886 | $12,496/mo |
| 2025 | 1758 | $11,913/mo |
| 2026 | 417 | $11,738/mo |
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Investment Analysis
Based on average rents and sale prices, LANDED HOUSING DEVELOPMENT delivers an estimated gross rental yield of 2.0%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 5
Side-by-side comparison against the most actively traded condos in District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| NORMANTON PARK | 99 yrs lease commencing from 2019 | 1840 | $1,866 psf | 1413 |
| PARC CLEMATIS | 99 yrs lease commencing from 2019 | 1450 | $1,888 psf | 1396 |
| ELTA | 99 yrs lease commencing from 2024 | 501 | $2,556 psf | 399 |
| FABER RESIDENCE | 99 yrs lease commencing from 2025 | 399 | $2,158 psf | 380 |
| LYNDENWOODS | 99 yrs lease commencing from 2025 | 343 | $2,462 psf | 342 |
Freehold tenure in an era of leasehold anxiety. Singapore’s property market has entered a period of heightened awareness around lease decay — recent MND commentary on ageing leasehold estates has prompted buyers to reassign a larger premium to freehold assets. Landed Housing Development’s perpetual tenure means owners are not exposed to the value erosion that begins to accelerate for leasehold properties past the 40-year mark. Per IRAS BSD records, freehold landed assets in the RCR have historically traded at a 15–25% structural premium over comparable leasehold plots in the same district (as of 2026-05).
Transaction depth provides unparalleled price discovery. The 5,979 sales records associated with this development name represent one of the thickest transaction datasets of any landed precinct captured under a single URA project name in Singapore. This volume — far exceeding the sub-50 transaction records typical for individual landed projects — provides buyers with statistically reliable price history. Buyers can use the mortgage calculator to model projected monthly cost under different financing scenarios.
Greater Southern Waterfront re-rating potential. The URA GSW masterplan represents the largest land-use transformation in Singapore in decades. As the Pasir Panjang port progressively vacates its current industrial footprint (with container operations expected to shift to Tuas by 2027), the freed land is designated for residential, recreational, and mixed-use development. Properties immediately north of the future waterfront — including the Neo Pee Teck Lane precinct — stand to benefit from proximity re-rating as amenities, green corridors, and transit nodes materialise. This is a long-horizon thesis (10–15 years), but for freehold holders with an intergenerational timeframe it represents genuine optionality unavailable to leasehold buyers.
Rental income provides a floor return. The 9,841 rental transactions associated with this precinct support an active rental market with average monthly rent of approximately $11,684. The gross yield of ~2.0% is lower than leasehold strata alternatives, which is expected — freehold landed commands a capital-value premium that compresses the yield denominator. However, rental demand is supported by proximity to NUS, INSEAD Singapore, and the One-North / Biopolis employment clusters.
No direct MRT walkability. Neo Pee Teck Lane is approximately 800m from Pasir Panjang MRT (CC26) and roughly 1.2km from Haw Par Villa MRT (CC25) — distances that are marginal for comfortable daily commuting on foot, particularly in Singapore’s heat and humidity. Bus services on Pasir Panjang Road provide connectivity, but the area does not qualify as transit-oriented by Singapore standards.
AYE noise and traffic exposure. The Ayer Rajah Expressway (AYE) bounds the southern edge of the District 5 landed belt. Elevated road noise is a documented ambient condition for the wider precinct, particularly for units facing south or west. Traffic congestion on West Coast Highway and Pasir Panjang Road during peak hours creates meaningful access friction for car-dependent residents.
High entry quantum narrows the buyer pool. With average absolute prices of $7,007,394 and 5-bedroom-plus units averaging $7,778,115, the total acquisition cost (including BSD, ABSD where applicable, legal fees, and renovation) typically exceeds $8M–$9M. Singapore Citizens face BSD of approximately $441,000 on a $7M purchase under prevailing IRAS ABSD rate scales; foreign buyers face 60% ABSD on residential property since April 2023, effectively eliminating them from the buyer pool unless purchasing under FTAs.
Small estate dynamics and data aggregation uncertainty. The 156-unit administrative project count, aggregated across individually subdivided landed lots, means there is no single MCST managing the common estate in the way a typical condominium operates. Buyers should conduct thorough due diligence on the specific lot they are acquiring — title encumbrances, drainage rights, shared driveway agreements, and planning restrictions may vary parcel by parcel.
[
{
"persona": "Freehold wealth-preservation family (SC)",
"fit_color": "green",
"reason": "Multi-generational freehold landed in an appreciating RCR corridor with GSW tailwind. No lease decay risk, owner-occupier community character, proximity to NUS for children. Budget typically $7M–$12M with CPF and substantial cash reserves."
},
{
"persona": "Upgrader from HDB / leasehold strata in the west",
"fit_color": "green",
"reason": "District 5 is a natural upgrade destination for owner-occupiers already rooted in Clementi, West Coast, or Queenstown. The landed format provides space and privacy unavailable in strata. CPF housing use is fully eligible for freehold purchases."
},
{
"persona": "Professional rental investor seeking yield",
"fit_color": "amber",
"reason": "Gross yield of 2.0% is below the 2.5–3.0% achievable from RCR leasehold strata with MRT walkability. Works best for investors who weight capital appreciation over income and have a 7–10 year horizon."
},
{
"persona": "Permanent Resident acquiring a second property",
"fit_color": "amber",
"reason": "5% ABSD on second residential property adds roughly $350,000–$400,000 in upfront acquisition cost at typical price points. Freehold premium and GSW optionality can justify the stamp duty cost over a long holding period."
},
{
"persona": "Foreign national investor",
"fit_color": "red",
"reason": "60% ABSD (effective April 2023) on residential property makes direct purchase financially unviable outside of FTA-exempt jurisdictions."
},
{
"persona": "Short-term speculator (sub-3-year horizon)",
"fit_color": "red",
"reason": "SSD of 12% applies within the first year, 8% in year two, 4% in year three. On a $7M asset, SSD in year one alone amounts to approximately $840,000. Structurally incompatible with sub-3-year holding periods."
}
]
Landed Housing Development on Neo Pee Teck Lane represents a compelling long-horizon freehold landed holding in one of Singapore’s most structurally interesting RCR sub-markets. The combination of perpetual tenure, a proven transaction market (5,979 sales providing genuine price discovery), proximity to established employment nodes (NUS, Biopolis, One-North), and the 10–15 year Greater Southern Waterfront re-rating narrative gives freehold buyers a multi-layered investment thesis that leasehold strata alternatives in the same district cannot replicate.
The principal caveats are well-defined: MRT walkability is marginal, entry quantum is high (effectively filtering to Singapore Citizens and PRs with $8M+ total acquisition budgets), and the data aggregation across heterogeneous lot types means buyers must conduct title-level due diligence rather than relying solely on aggregate PSF benchmarks. Recommended holding period: 7 years minimum, with a 10–15 year horizon unlocking the full GSW optionality.
FAQ
What is the average price for LANDED HOUSING DEVELOPMENT?
What is the rental yield for LANDED HOUSING DEVELOPMENT?
Is LANDED HOUSING DEVELOPMENT freehold or leasehold?
Is Landed Housing Development near an MRT station?
Neo Pee Teck Lane is approximately 800m from Pasir Panjang MRT (Circle Line, CC26) and 1.2km from Haw Par Villa MRT (CC25). These distances are walkable in moderate weather but are not considered MRT-adjacent by Singapore standards. Most residents in this landed enclave are car-owning households.
What is the Greater Southern Waterfront and how does it affect this area?
The GSW is a long-term URA masterplan to redevelop approximately 2,000 hectares of southern coastline as Singapore’s container port operations migrate to Tuas by around 2027. Properties in Neo Pee Teck Lane sit in the first ring of residential land north of this transformation zone, making them potential beneficiaries of long-term amenity and infrastructure uplift.
What holding period is recommended?
A minimum of 3 years to exit the SSD window (12%/8%/4% in years 1/2/3). For investment purposes, the recommended holding period is 7–10 years to allow the GSW masterplan to begin materialising in observable price movements and capture meaningful capital appreciation.
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 5979 transactions analysed
- Rental data: 9841 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for LANDED HOUSING DEVELOPMENT
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