An Overview of the Singapore Property Market For Expats

Area wise, Singapore is not very large in size.and is known to be very popular among
Hence, available land is exploited to its potentialexpatriates since it offers many leisure activities,
and the only way to increase accommodation iseateries and many more.
to build skyscrapers i.e. Grow vertically! More thanOnce the property location is finalized, one needs
80 percent of Singaporeans live apartmentsto finalize the properties in the location that suit
owned by them and maintained by the Housingthe budget of the Expat. Since the rental rates
and Development Board of Singapore.differ from place to place. The more closer the
Hence, landlords make most of their money byproperty to the Central Business District the rates
leasing property in prime locations toare bound to be more expensive.
expatriates.The most important for an expat is toAreas such as Newton, Orchard and River Valley
find the property location that is most suitable tothat are located around the central can cost more
him/her, in terms of accessibility to workplace andthousand dollars as compared to areas away
transport. Singapore is divided in 27 districts. Allfrom central areas. Rates also fluctuate according
this districts provide different options andto the type of property like Bungalows, Terraced
different facilities. The most expensive being theHouses, 3 to 4 bedrooms and 1 to 2 bedrooms.
prime location of Central Area located fromTransportation also being a major factor while
District 1 to 9. Below is an Overview of theselecting a property location. Singapore is said to
Singapore Property Market for Expats.have one of the most well-planned and
On the East Coast, Districts 14, 15, 16 are locatedmodernized transportation system. Transport
near the Central Business District (CBD) near thesystems include: Mass Rapid Transport (MRT),
Changi Airport. It also offers views of the SeaTaxis, Private Cars, Buses.