Learn more about properties in Singapore

Posted by BelgraviagreenLanded on March 4th, 2020

Singapore is a small nation with lots of people, and there is a need to house them and have entertainment facilities for this population. This has driven up prices and strained this country's infrastructure.

If you're a citizen of Singapore, you may be aware of the different types of property you can buy and you may own and invest in buying someone new to the system and have no knowledge of Singapore property, then you may need to read this article to learn more about Singapore property.

There are 3 main types of property in Singapore, and there are some that can only be owned by local people, and there are some that foreigners can buy and own, and there are other things like taxes you might want to think about, because it would mean you have to pay quite a lot of money to own this property in Singapore.

1. HDB or Housing Development Board Flats HDB are subsidized flats that house 80 percent of Singaporeans and are the most common type of property and also the cheapest, this property can only be owned by Singaporeans and permanent residents and there is no way a foreigner will own. Let all Singaporeans have a roof over their heads.

2. Condominiums These are the most common investment properties that foreigners can buy for investment or purposes. These are very good types of investment properties as they are typically in good locations and there is very little land where developers can create and grow.

3. Landed housing Landed housing is built on a piece of land and not high rise, because it shows their wealth, this is a very popular form of housing for locals. Such forms of property can not be leased to foreigners, making it difficult to own such properties in Singapore.

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