Singapore has been voted by foreign expatriates as one of the top locations to migrate to in Asia. Singapore has always prided itself for having one of the best and strictest law enforcement regulations in the region, which is why one would hardly find protests or strikes taking place on the streets. The education system in Singapore has also successfully produced many young talents who have made their names in various international platforms. Geographically, its small size has made traveling easy and convenient. What’s more, its all year round warm climate is one of the key reasons why thousands of expatriates have decided to call Singapore home. However, besides getting acquainted with the benefits of selecting Singapore as the ideal country to live in, choosing the right type of Singapore houses has been a problem for many. In fact, many locals themselves find it difficult to choose the right type of house that suits them.
There are several features that you need to look into when choosing the right type of Singapore houses to buy or rent. Namely: its location, cost and accessibility.
Choosing a good location is important to ensure that it is close to your work place, children’s schools and amenities. The closer it is to the Central Business District, the higher the expected rental or purchase cost of the house. Once you have found a location that you are comfortable with, you will then have to find out its cost, and whether or not it falls within your budget. Rental and purchase rates vary from location to location as well as the size and number of rooms the place has.
The more expensive Bungalows range from $8000 to $60,000 a month to rent, Terraced houses from $5000 to $25,000 a month, while the relatively cheaper apartments cost $2000 to $20,000 a month. Yet, if these prices are still too steep, one can always consider the more affordable Housing Development Board (HDB) flats to rent. They can start from as low as $800 to $1000 per month. So, depending on your budget, the location as well as the property’s condition, you should be able to find the type of housing you desire easily as there are many types available in Singapore today.
Many locals and foreigners favor private apartments such as Condominiums as they offer multiple facilities within the area. They range from tennis courts, bbq pits to 24-hour security services. These apartments are usually freehold but
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If you have a bigger budget, do consider getting landed houses such as Bungalows or semi-detached houses. They offer greater privacy, larger space and more access to better amenities.
However, if you are working within a tighter budget, getting a HDB flat may be the ideal choice for you. They are comparatively one of the cheapest options available, and are self-sufficient with supplementary amenities. They are usually located near prominent public transport systems, thus making traveling very convenient.
Lastly, you can also consider Executive Condominiums. They are smaller than private Condominiums but larger than the usual HDB flats. Executive Condominiums are usually sought after by young couples you are not able to afford the more expensive houses yet.
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