Buying housing properties in a place strange to you can be a challenging task. One might have needed more than an in-depth research about the real estate transaction of the states while not neglecting to know the various specific types of real housing. When one buys real estate properties in Singapore, they will not only consider the citizen status but also the properties that they can afford.To give enlightenment on the various housing properties, we have outlined the list of different residential realty that is available in Singapore.
The Public Housing Flats
Most of the properties in Singapore are owned by the government and about 85 percent of Singaporean get resident housing in the HDB or the Housing Development Board in Singapore. The HDB flats are government residential properties that are only available for purchase to a Singaporean.
The Executive Condominiums
In a higher level, we can have the executive condos. This type of residential properties in Singapore has the facility and structure that one can be seen on the private property but they are still issued and controlled by the Housing Development Board of Singapore and only those who are already a resident of 5 years in Singapore are allowed to get properties in here.
Private Residential Realty
If you are an expat looking for a residential place in Singapore, either you will buy or rent, the private residential realty property is best suited for you since it does not have the restriction to foreigners when it comes to ownership. These may include the condos, apartment, studios, penthouse, and individual houses.
· Condos And Apartment--The condominium properties offered by private realtor company usually have luxurious facilities compared to the condos available and controlled by the Housing Development Board.
These may include the gym or swimming pools and with an assigned security agent to guard the premises. While the apartment that private real estate companies sold may be less luxurious and some don't have a lift.
· Houses -- The houses like the bungalow, duplex, cluster houses, and shophouses are among the types of land houses in Singapore.
Though one can get more privacy in these types of residence, they can also be more expensive and of really high maintenance for owners. These types of residential real estate realty are also offered to foreigners by private real estate developers and companies. Dwelling in this type of land houses are more comfortable if one really values the privacy and exclusivity of their abode, and of course, they can also get more artistic view compared to the condo, flats, and apartments that are sold and controlled by the government of Singapore.
Now that you already have the idea about the types of housing residence and properties in Singapore we hope that it will help you decide which housing residence is best suited to your needs and budget but don't forget to take into consideration the citizen status you have in your decision.
