SINGAPORE REAL ESTATE: PROPERTIES AND PROJECTS

Being located at the southern tip of the Malaysian peninsula, Singapore has truly ensured its significance in South-east Asia. Singapore consists of the island of Singapore and some 63 islets within its territorial waters. The main island is about 26 mi/42 km from west to east and 14 mi/23 km from north to south. It is well-known for its low hills. Singapore's Central Business District spreads across both the central and southern parts of the island. The Singapore cityscape exudes magnificence to its core. The city comes to life at night when buildings are brilliantly lit. Also, Singapore is one of the busiest seaports in the world.

More than 80% of Singaporeans live in public housing. These homes are located in housing estates. Here, most are developed neighbourhoods with schools, supermarkets, clinics, food centers and recreational facilities. Some of the popular neighbourhood estates are Ang Mo Kio Town, Toa Payoh, Clementi, Yishun, Bishan, Hougang, Simei, Woodlands, Punggol, Bukit Batok, Tampines etc. Thus, they are called HDB.

Singapore has three-room, four-room, five-room and executive flats. A three-room flat comprises of two bedrooms, which is about 1,000 sq ft. A four-room flat comprises of three bedrooms which are about 1,200 sq.ft. Of space. A five-room flat is about 1,400 sq ft. An Executive mansionette comprises of three and they are relatively larger than any other HDB units- some even have a double storey, with the rooms on the second level. The remaining population lives in private housing, such as apartments, condominiums and landed properties.

The real estate market in Singapore reached a peak in the third quarter of 2013. The Singapore real estate market was highly affected by the Asian Financial Crises of the late 1990’s and again in the 2008 Financial Crises. Property prices have been doubling since 2009.It is anticipated that if the government can enact measures that gradually rein in real estate prices, it could massively help both investors and homeowners by providing some stability in their balance sheets.