An Overview of the Singapore Property Market For Expats6360099
Area sensible, Singapore is not extremely large in size. Therefore, accessible land is exploited to its possible and the only way to improve accommodation is to develop skyscrapers i.e. Grow vertically! Much more than 80 percent of Singaporeans live apartments owned by them and maintained by the Housing and Development Board of Singapore.
Hence, landlords make most of their money by leasing property in prime locations to expatriates.The most essential for an expat is to find the property place that is most appropriate to him/her, in terms of accessibility to workplace and transport. Singapore is divided in 27 districts. All this districts provide various options and different facilities. The most expensive becoming the prime place of Central Region situated from District 1 to 9. Below is an Overview of the Singapore Property Market for Expats.
On the East Coast, Districts 14, 15, 16 are situated close to the Central Business District (CBD) near the Changi Airport. It also offers views of the Sea and is known to be extremely popular amongst expatriates since it provides many leisure activities, eateries and many much more.
Once the property location is finalized, one needs to finalize the properties in the place that suit the budget of the Expat. Because the rental rates differ from place to place. The much more closer the property to the Central Business District the prices are bound to be more expensive.
Locations such as Newton, Orchard and River Valley that are situated around the central can price much more thousand dollars as compared to locations away from central areas. Prices also fluctuate according to the type of property like Bungalows, Terraced Houses, 3 to 4 bedrooms and 1 to 2 bedrooms.
Transportation also being a significant factor while selecting a property location. Singapore is said to have one of the most well-planned and modernized transportation system. Transport systems include: Mass Fast Transport (MRT), Taxis, Private Cars, Buses.
