Singapore is a dynamic, vibrant country and its real estate market reflects this. Finding the right place to live is a breeze, as countless housing options abound. From modest HDB flat rentals to luxurious five-bedroom penthouses in private condominiums, there will be something for everyone.
Your choice of housing makes a huge difference in your quality of life. Whether you’re moving solo, as a couple, or with children, can make an impact on the suitability of the many neighbourhoods that criss-cross the island.
In addition, the densely-populated country means that the public transportation system, although extremely efficient, can be busy and crowded at times, which can take its toll on you especially if your daily commute is lengthy.
In this blog post, we’ll look at all the housing options for expats in Singapore so you can weigh the pros and cons of each option!
Understanding Singapore’s Residential Neighbourhoods
Although Singapore is small and everything is densely packed, it is far from homogenous. Certain neighbourhoods are known to be more popular with expats while others are more catered to locals. Like any other city, the closer you are to the city’s centre, the pricier accommodation can be.
Central areas like Orchard, River Valley, and Tanjong Pagar are ideal for expats working in the CBD. These neighbourhoods offer luxury condos, vibrant nightlife, and close proximity to offices, but tend to come with higher rental prices.
City-fringe developments such as Zyon Grand in Havelock, and others in neighbourhoods like Novena and Redhill are popular for their proximity to the centre, modern conveniences, and hip amenities.
For a quieter, more spacious lifestyle, suburban areas like Bukit Timah, Holland Village, and the East Coast are top choices. These spots offer greenery, international schools, and family-friendly amenities, making them ideal for expats with children.
Other neighbourhoods that are a nice blend of locals and expats include Siglap, East Coast, Harbourfront, Punggol, and Pasir Ris.
Common Housing Types
The vast majority of Singaporeans live in HDB flats which are government-built and maintained. They are affordable and located in almost all neighbourhoods, offering a fantastic standard to living and easy integration into local culture. Flats are available in sizes from a studio to five rooms.
Another popular choice is condominiums, which offer modern apartments with facilities like swimming pools, gyms, and 24-hour security. Condos like Zyon Grand have units of all sizes to suit singles, couples, and families. View the Zyon Grand showflat and see if it will suit your needs! If you’re looking to sell your condominium or invest in luxury living, view the Zyon Grand showflat here and see if it will suit your needs!
Serviced apartments are also another great option, especially for short-term stays or newcomers who want fully furnished, move-in-ready units with housekeeping services.
Renting vs Buying
For most expats, renting is the more practical and popular option in Singapore. Renting offers flexibility, especially for those on shorter contracts or still deciding how long they’ll stay. Lease terms typically range from 1 to 2 years, and properties come furnished or partially furnished, which makes moving in simple.
Buying property in Singapore, on the other hand, is much more restrictive for foreigners. Expats can purchase private condominiums, but buying landed property or public housing (HDBs) is not allowed without permanent residency and government approval.
Plus, property prices are high, and as a foreigner, you’ll have to pay additional stamp duties, making it a significant investment.
Tips for House Hunting in Singapore
Singapore’s real estate market is flourishing and you have many options depending on your needs, preferences, and budget. Like many countries, you can look in the local newspapers for some listings but a wider range is available online.
You can rent or buy property from a real estate agent or from the owner directly, and each way comes with its share of pros and cons.
A condominium sale agent can act as a mediator in any disputes as well as arrange all the paperwork and formalities, but renting from the owner might give you more negotiation power and offer you a more direct link.