Singapore is a small nation with lots of people, and within this small land area, there is a need to house them and have entertainment facilities for this population. This has driven up prices and this has also caused a strain for the infrastructure that are available for this country.
If you are someone based in Singapore you might be aware of the different type of property that you can buy and you can own and invest in buy for someone who is new to the system and have no idea about Singapore property then you might need to read this article to find out more about Singapore property.
There are 3 main types of property in Singapore and there are some that only locals can own and there are some that foreigners can buy and own and there are also other items such as taxes that you might want to be concern about because it would mean that you have to pay quite a sum of money to own this property in Singapore.
1. HDB or Housing Development Board Flats HDB are subsidized flats that house 80 percent of Singaporeans and are the most common type of property and also the cheapest, only Singaporeans and permanent residents can own this property and there is no way a foreigner can possess it. It helps all Singaporeans to have a roof over their heads.
2. Condominiums These are the most common investment-type properties that foreigners can buy and purchase for investment or purposes. These are very good types of investment properties because they are usually situated in good locations and there is very little land that developers can build on and grow.
3. Landed housing Landed housing is built on a piece of land and not high rise, this is a very popular form of housing for locals because it shows their wealth. Such forms of property can not be leased to foreigners, making it difficult for foreigners to own such properties in Singapore.
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