Singapore Real Estate

Singapore Real Estate can be classified into Residential properties, Offices, commerical buildings, Industrial properties and raw lands. Here, we will provide an overview of the Residential properties.

HDB Flats

More than 80% of Singaporean live in HDB flats. It is an affordable public apartments built by the Housing Board Development Board (HDB).  Each HDB estate is a township come complete with facilities like markets, supermarket, clinics, food centres, schools, sports and recreational facilities etc.. The goal of the Singapore Government is for each family to be able to own their own apartments.

Only Singapore Citizens are eligible to buy flats directly from the HDB Board at a subsidised rate (special housing loan arrangement currently stands at 2.6%). You will need to co-own the flat with one other citizen or Singapore Permanent Resident to form a family nucleus.

One can choose to buy resale HDB flat from the resale market but at a premium price. Resales flats are usually in the more mature estates in better locations.

For non citizen, they can purchase HDB flats only from the resale market provided one of the two co-owners of the flat is a Singapore Citizen or Singapore Permanant Resident.

Condominiums

Condominiums are apartments built by private developers. They are considerably more expensive (easily more than double the price) than HDB flats. Foreigners are allowed to buy the Condominums approved under the Planning Act.

These apartments come with standard facilities like private pools, gym, function room, sports facilities, 24 hour security etc. Price range usually starts from $600k+ to as high as S$2m+

Landed Properties

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