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Singapore's property market:
Apartments and houses for rent and sale, rental guide, buyer's guide, investor's guide
Land is scarce and expensive in Singapore and is exploited to its maximum. To save costs, property development expands vertically to the maximum plot ratio allowed. Consequently renting in Singapore is concentrated mainly on renting out apartments and condominiums.
This results in a city of skyscrapers constantly expanding. Since the plot ratio was increased a couple of years ago, older buildings are torn down in favor of new, ultra modern even higher properties.
Landed property (detached and semidetached houses) is getting scarcer and is increasingly surrounded by high rise buildings.
More than 85% of all Singaporean's live in owned apartments built and maintained by the Housing and Development Board (HDB).
The remaining Singaporean's mostly own apartments in private condominiums or live in owned landed property.
As a result landlords letting in Singapore focus mainly on expatriates. The residential leasing market is depending on expatriates looking for short-term leases in prime residential areas and locations close to international schools. Fluctuations in expatriate arrivals clearly influence rentals in Singapore as often seen in the past. We therefore update our property news Singapore regularly.
We feature recently launched new rental properties and new properties for sale as Hot Properties in the Property Search section. These are usually very attractive and popular apartments in new developments which are often exclusively rented via Knight Frank.
There are homes to rent for any budget catering for the students and interns willing to share a Singapore flat as well as for the top CEO with a housing allowance of S$ 25,000 per month for living in a Singapore penthouse or the famous Singapore Black and White colonial homes.
For property searches click here. Before you do so you should visit the section Expatriate Home Profiles, where we classify homes in Singapore according to the various needs of expats.
This section is divided furtherinto information on the Housing Market in Singapore and a Rental Guide providing knowledge about the rental procedure and the "jargon" used by estate agents and relocation services in Singapore.
As there has been a steady increase in expatriates buying a property rather than renting a house or apartment during their stay in Singapore, we recently published a buyer's guide and an investor's guide with information on the process.Visit the extensive database on luxurious homes for sale in Singapore.
photo: KF - Island Dream Homes
Further information on selecting the right home for your needs is given in the e-relocation Singapore guide, which is free to access when you or your company appoint Knight Frank Singapore as your home search agent either for leasing or for buying a property.
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If you plan to buy a property in Singapore and need a mortgage, we suggest you visit the service page of our anchor partner Citibank International Personal Bank Singapore for banking service. See here for more information. |
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