Unless you are among a few lucky employees for whom the company provides free accommodation, finding a place to live in Singapore is a big challenge for many expats. The housing market in Singapore is very costly and coveted thanks to the availability of limited land resources (only 700km2 to the territory to be precise).
Using the information provided in this guide, you will be able to find a suitable place to live in Singapore. As usual, the first thing that you need to decide is which part of the island you want to live. For administrative purposes, this island is divided into five regions; however, for property search, it is always a good idea to use the 28 former postal districts. Most of the property agents still use these 28 former postal districts to indicate the exact location of a property.
Another important point to keep in mind before finalizing your decision is the cost of housing in Singapore. There are a number of factors which determine the final cost of a housing unit, these include:
- Relative age of the property
- Quality and quantity of furnishings that come with the housing unit
- Availability of recreational facilities
- Location of the unit
Let us now have a look at some of the housing options that are especially popular among expatriates for one reason or another and try to find out which is most suitable for you.
A vast majority of expats in Singapore prefer to live in private condos. This is because private condos offer them a lot of recreational facilities such as playgrounds for children, 24/7 security, tennis courts, swimming pools, laundry facilities, squash courts, community halls, covered dedicated car parking and the opportunity to mingle with other expats living in the same condo complex. The purchase and rental value of a private condo depend on a lot of factors, particularly the location and the age of the building. Condos which are located in prime locations such as in the proximity of the CBD or the town area are extremely popular among expats due to its convenience. One such condo is the Martin Modern condo that is located near Orchard, Singapore’s shopping street. If you are considering to get a housing option near to town, you can head down to the Martin Modern showflat location to find out more about this establishment.
While similar to a condo, service apartments are commercial units instead of private units that are fully-furnished and these apartments are run in a similar fashion to hotel operations. You may get facilities that you will also enjoy in condos like swimming pools and gyms, and an added benefit of housekeeping and room service. Service apartments are primarily rented out in the short or long term to tourists, expats, or people that are in the midst of finding a permanent accommodation. As with these additional benefits, service apartments often come with a higher price tag than condominiums.
Landed property in Singapore comes in different forms and with different sale and rental value. Depending on your budget and your personal preferences, you can live in a private bungalow, a private landed house, a semi-detached house, a detached house, or a terraced house. You can choose to simply stay in a room or rent the whole property for your comfort. Landed properties often come along with their personal parking spaces as well so it is especially convenient for people who need to drive.