logo
logo
Sign in

Buy Property in Singapore: A Step by Step Guide

avatar
smanthafl539
Buy Property in Singapore: A Step by Step Guide

Singapore is a small country and land area is scarce. Titled properties or land properties are expensive and are considered a luxury as well. Because of this, the real estate market is mostly composed of high rise condominiums and apartment buildings. Generally, there are about 80 percent of Singaporeans who live in these high rise buildings which are managed by a government arm while others occupy private apartments, landed properties and exclusive condominiums.


The growth of the population in Singapore TMW Maxwell Condo is also contributed by the rapid influx of foreigners to the country. Because of the liberal economic market that Singapore has, foreigners are drawn to make this country their second home. In doing so, it is advisable that foreigners look into the different kinds of properties most especially because they each have their own foreign ownership restrictions. When you buy property in Singapore, make sure that you already know the general classifications of the properties that have been set by the government.


When you buy property in Singapore, the different kinds of properties include: private apartments that are divided into apartments or condominium units; landed properties that are further classified into semi detached houses, terraced houses, detached houses, shop houses,and exclusive bungalows; HBD flats or those that are maintained by the Housing and Development Board, a government subsidiary and the most affordable housing unit in the country; and the executive condominiums specifically for the young professionals.


collect
0
avatar
smanthafl539
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more