An Overview of the Singapore Property Market For Expats7632583
Area sensible, Singapore is not very large in size. Therefore, accessible land is exploited to its potential and the only way to increase accommodation is to build 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 places to expatriates.The most important for an expat is to find the property location that is most suitable to him/her, in terms of accessibility to workplace and transport. Singapore is divided in 27 districts. All this districts offer different options and various facilities. The most expensive becoming 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 located close to the Central Business District (CBD) near the Changi Airport. It also offers views of the Sea and is recognized to be very popular amongst expatriates because it provides many leisure activities, eateries and many much more.
As soon as the property place is finalized, one needs to finalize the properties in the location that suit the budget of the Expat. Because the rental rates differ from location to place. The much more closer the property to the Central Business District the rates are bound to be much more expensive.
Areas such as Newton, Orchard and River Valley that are located around the central can cost much more thousand dollars as compared to locations away from central areas. Rates 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 major aspect whilst selecting a property place. Singapore is said to have one of the most nicely-planned and modernized transportation system. Transport systems include: Mass Fast Transport (MRT), Taxis, Private Cars, Buses.
