The jigsaw puzzle that is the Singaporean real estate market can be divided up, labeled, categorised, and sliced into various forms and types of housing types – or, dwellings. To make sense of it all we have created an excruciatingly comprehensive overview of all types of housing in Singapore.First off, there are, of course, the HDB properties.
Relatively cheaper housing does, of course, come with some strings attached, the most notable of which is that to be eligible for HDB property, your household income cannot exceed a specified amount.Studio apartment Compared to the 5-room flat, it’s considerably more spacious with an estimated 115 sqm , making way for an additional bedroom and bathroom.
So why would anyone go for a private condominium when you can basically get the same deal, just cheaper in the HDBs executive condominium? Apart from considerations of status, there are some noteworthy differences. While condominiums can be either 99-year, 999-year or freehold, all executive condominiums come with a 99-year leasehold.Decades of strong economic growth combined with the more or less continues influx of affluent foreigners, and relatively limited supply of land , have led to decades of private residential property appreciation.
Apartments are generally more affordable than both landed property and condominiums yet more expensive than the subsidised HDB flats.Brilliantly coined the “walk-up”, this special breed of dwelling is a condominium or apartment that does not include lifts, hence the name. Naturally, such dwellings are low-built so that even though a lift is absent, no extensive trekking is required to reach one’s unit.