Private Apartments in Singapore are widely available, yet there is always a shortage of good apartments. Apartments are similar to some what the condominiums but the lack the facilities, like the swimming pool, gym tennis courts e.t.c. Some apartments have improved by giving a swimming pool and an average gym but it cannot compete the condo style at all and may not be that efficient either.
The government does condominium and apartment segregation. This distinction between the two is artificial, but the apartments are typically smaller than the condo, and they have more facilities than the apartments.
Residential property in Singapore is divided into three main categories:
• Private apartments,
• Landed property.
• HDB apartments.
So, if you are a foreigner in Singapore, you need to understand and abide by the ownership restrictions by the government. The private apartments are normally free hold with the leasehold of 99years to 999years.As land is scarce in Singapore, so you can expect landed properties with big plots to be very expensive, especially near the city center.
Condo and apartment start from as small as 500 square feet to as large as 8,000 square feet. Apartments and condo are strata-subdivided housing units, with the common areas owned and managed by a Management Corporation. Hybrid housing forms such as townhouses, cluster housing and strata-bungalows also come under the strata-subdivision arrangement. There are clearly defined development guidelines governing each of these accommodation forms.
Private apartments come in different sizes and designs along with different price ranges, depending upon their area location and size. Although these apartments are much more affordable and light on the pocket, still the rentals range from S$5,000 to around S$55,000 per month.
When we talk about two or three or more rooms apartments, it clearly means that is consists of a living area, main bedroom with bathroom attached. Another bedroom, kitchen, common bathroom, service yard and a store room that doubles up as emergency shelter. A 4-room flat has a floor area of about 90sqm. It consists of a living/dining area, main bedroom with attached bathroom, two other bedrooms.
Studio apartments are available in two sizes; studio apartments can accommodate one- or two-member households, and are designed to meet the needs of the elderly. These apartments are equipped with features such as non-slip tiles, level flooring throughout, support hand bars and pull cords linked to an alert system for emergencies – all these to ensure the handiness and safety of our senior citizens.
Executive Condominiums are somewhere between HDB apartments and private condominiums. There were created for professional young people who want better than HDB, but cannot meet the expense of private condominiums. They are government subsidized and can only bought if a certain criteria are met - similar to HDB criteria. They will automatically convert into no restrictions private properties after 10 years from construction. They cannot be sold at all during the first 5 years, and they cannot be sold to a foreigner during the first10 years from construction.
Apartments for purchasing can be costing you between S$1000,000 to about S$100 million.
At www.Expatsrental.com we will be there to help you with our services,or you can contact us at the given website.
