An Overview of the Singapore Property Market For Expats3682319
Region sensible, Singapore is not extremely large in size. Therefore, accessible land is exploited to its possible and the only way to increase accommodation is to build skyscrapers i.e. Develop 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 places to expatriates.The most important for an expat is to find the property place that is most suitable 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 location of Central Area situated 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 close to the Central Business District (CBD) close to the Changi Airport. It also offers views of the Sea and is recognized to be very 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 place that suit the spending budget of the Expat. Because the rental rates differ from location to location. The much more closer the property to the Central Business District the rates are bound to be much more costly.
Locations such as Newton, Orchard and River Valley that are situated around the central can cost 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 choosing a property place. 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.
