1. SINGAPOREAN HOMES
#1 HDB flats
As Singapore has limited land space, housing in Singapore is comprised largely of high-rise apartments. The majority (80%) of Singaporeans live in public housing estates while the rest reside in private estates. Public Housing in Singapore is managed by the Housing Development Board (HDB). The Housing Development Board plans and develops public housing – HDB flats. HDB flats are affordable for the masses, with the price of each unit ranging from S$110,000 to $550,000, depending on its type and layout. They are generally classified into three-room, four-room, five-room and executive flats. To purchase a HDB flat in Singapore, the buyer must be a Singapore citizen and his/her gross monthly household income must not exceed the respective cap maximum for different types and sizes of flats.
[Information taken from: http://www.hdb.gov.sg, under 'Policies - Eligibility'
Price range statistics taken from http://www.streetdirectory.com/travel_guide/singapore/housing_type_singapore/124/housing_development_board_hdb_public_housing_flats.php ]
[All photographs on this page are taken by team members.]
HDB Flats
|
| HDB: acronym for Housing Development Board, Singapore's public housing authority. In Singapore, almost 80% of the residents stay in HDB flats! |
Everything within close proximity!
HDB flats are built in clusters, forming small towns complete with various commercial, recreational, and social facilities and amenities such as supermarkets, schools, hawker centres, community centre, sports and recreational facilities etc, for the convenience of residents.
What's within the neighbourhood?
| MRT train station within walking distance. | Senior Citizens corner at the void deck | Playground, where school children still in their uniforms love to play while parents chat; where grandfathers share bonding moments with young tots; where children of different races play together. |
What's within the neighbourhood?
| Provision shop (selling daily necessities) | A park | Relaxation spots for residents to chat and relax |
#2- Condominiums
Condominiums are gated communities consisting of a few apartment blocks with common recreational facilites such as swimming pools and tennis courts. In terms of pricing, it is comparable to landed property depending on location. Singaporeans seem to be willing to pay a premium for condominiums though, with many snapping up condominiums happily with the perpetual launch of new condominium projects.
#3 Private Estates in Singapore
Singapore has scarce land, hence private estates are sold at a relatively higher price. Private housing estates include semi-detached houses, terraces and bungalows. They cost between S$800,000 to more than S$3 million.
[Price range taken from www.streetdirectory.com/travel_guide/singapore/housing_type_singapore/129/bungalows.php]
