An Overview of the Singapore Property Market For Expats9992118
Region sensible, Singapore is not very large in size. Therefore, accessible land is exploited to its potential and the only way to improve accommodation is to develop skyscrapers i.e. Develop vertically! More than 80 percent of Singaporeans live apartments owned by them and maintained by the Housing and Development Board of Singapore.
Therefore, 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 location 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 being the prime place of Central Region located from District 1 to 9. Beneath is an Overview of the Singapore Property Market for Expats.
On the East Coast, Districts 14, 15, 16 are situated near the Central Business District (CBD) close to the Changi Airport. It also provides views of the Sea and is known to be extremely well-liked among 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 location that suit the budget of the Expat. Because the rental rates differ from place to location. The more closer the property to the Central Business District the rates are bound to be more costly.
Locations such as Newton, Orchard and River Valley that are situated around the central can price more thousand dollars as compared to areas away from central locations. Rates also fluctuate according to the type of property like Bungalows, Terraced Houses, 3 to 4 bedrooms and 1 to 2 bedrooms.
Transportation also becoming a major factor whilst selecting a property place. Singapore is stated to have one of the most well-planned and modernized transportation system. Transport systems include: Mass Rapid Transport (MRT), Taxis, Private Cars, Buses.
