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| Singapore Travel » Information Singapore » Real Estate in Singapore |
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Real Estate in Singapore |
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Real estate in Singapore is very promising. Since Singapore is a small country with limited land area, there has been emphasis on vertical growth of buildings on its land. One can see a rise of high towers and multi-storied buildings in Singapore. Majority of the Singaporeans around 80% live in public houses which have been developed by the Housing Development Board (HDB). These houses are built on housing estates which are self sufficient in nature as they contain such as with schools, supermarkets, clinics, food centres and recreational facilities. Popular neighborhood estates include names like Ang Mo Kio Town, Toa Payoh, Clementi, Yishun, Bishan, Hougang, Simei, Woodlands, Punggol, Bukit Batok,Tampines and others to the name.
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With reference to residential real estate scene, there are three-room, four-room, five-room and executive flats. A three-room flat has two bedrooms, which is about 1,000 sq ft. A four-room flat has three bedrooms which is about 1,200 sq ft of space. A five-room flat is about 1,400 sq ft. An Executive mansionette has three and they are relatively larger than any other HDB units- some even have double storey, with the rooms on the second level. The rest of the population live in private housing, such as apartments, condominiums and landed properties.
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Renting out property seems to be a source of good income and people have begun investing in land with expectations of high rental incomes in the future. Not only Singaporeans but also permanent residents and foreign nationals have begun investing in real estate. Koreans, Malaysians and Indonesians top the list in purchase of built up property. They are followed by buyers from India, United Kingdom and China.
Areas which are prominent in the real estate market scene are the area around the Marina bay, Marina South, Sentosa Cove. Sentosa cove is being developed as a residential enclave along with an integrated resort. This will be an interesting proposition for those willing to invest in real estate in Singapore.
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The real estate in the commercial property is also witnessing dramatic changes. Foreign Investment companies are showing keen interest in purchasing prime property for development of offices and corporate parks. The developed real estate will be then rented out to financial institutions and banks as Singapore is rapidly becoming Asia’s financial hub.
The development of real estate with references to business areas and districts is being emphasized on. The key areas to be kept in mind while looking at the real market in Singapore are
Good quality office space
Well developed transport facilities and link up with the entire city
Banking facilities
Postal and Telecommunication facilities
Dinning Areas – Special restaurants and Economy ones as well
Availability of Basic Groceries
Laundry and Dry cleaning
Presence of fitness centers, salons, entertainment complexes etc.
Clear Demarcation of Office area and Residential area.
Basic Cleanliness of Public property for a neat and tidy look of the area.
For more information on the real estate scene in Singapore one could browse through the following links to know more about the Real Estate in Singapore.
Real Estate Market in Singapore
Home Loans in Singapore
Home Equity Loans in Singapore
Home Builders in Singapore
Home Insurance in Singapore
Housing Authority in Singapore
Home Architects in Singapore
Housing Contractors in Singapore
Packers and Movers in Singaporee
Position of Rental Properties in Singapore
Facility Management in Singapore
Interior Decorators in Singapore
Building Materials in Singapore
Home Carpentry in Singapore
Real Estate Growth in Singapore
Housing Websites in Singapore
Architecture Singapore
Singapore Landscape Architects
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