Blog : Buying Property Singapore
Thinking of buying a property in Singapore? Here are the key differences between these three property types when buying a property in Singapore: Public Housing (HDB Flats): These are the property types most characteristic of buying a property in Singapore. Public Housing offers a range of homes, including two-room flexi flat, three-room flat, four-room flat, five-room flat, and executive flat. HDBs can be bought via Built-to-Order purchase or through resale transactions. Families may be eligible for subsidised Public Housing if their combined income falls below the income ceiling of $12,000 to $14,000. Public-Private Hybrid Housing consists of Executive Condominiums (EC): This type of housing is available for middle-income Singapore families who exceed the Income Ceiling of $14,000 to $16,000, ideal for families that cannot afford private property, yet. ECs are sold at 20% discount of comparable condominiums and subject to a five-year minimum occupation period and resale restrictions from the fifth to tenth year. Private Residential Properties: These are the most expensive properties in Singapore, consisting of semi-detached houses, terraced houses, cluster houses, townhouses, shophouses, bungalows and good class bungalows.