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Includes all apartments, condos, executive condominiums or landed property. You can search by the District or Project. Apartment and Condo Private condominiums and apartments, where residents share the common compound and facilities, are the preferred choices for most expatriates. They come in various sizes, ranging from low-rise blocks to extensive high-rise condo. The units range from studio, 1, 2, 3 and 4-bedroom units, penthouses. Condo and apartment start from as small as 500 square feet to as large as 8,000 square feet. Apartments and condo are strata-subdivided housing units, with the common areas owned and managed by a Management Corporation. Hybrid housing forms such as townhouses, cluster housing and strata-bungalows also come under the strata-subdivision arrangement. There are clearly-defined planning guidelines governing each of these housing forms Most condos come with good-quality finishes, luscious landscaping, basement car park and full recreational facilities such as clubhouse, children's playground, gymnasium, swimming pool, squash, tennis courts, and sometimes even a putting green. Most developments have 24-hour security surveillance, intercom systems and some condos even have home automation systems. APT - Apartment. The compound has smaller land area compared to Condominium. May not have recreation facilities.
CLUSTERHSE - Cluster House. Strata titled landed house with shared compound and recreation facilities.
CONDO - Condominium. The compound has bigger land compared to Apartment and usually has recreation facilities.
CONDO EXEC - Executive Condominium. Condominium restricted by HDB's rules and regulations on Rental & Sale.
HUDC - Privatised flat originally built by the Housing & Development Board (HDB). May not have recreation facilities.
PENTHSE - Penthouse. Biggest unit in the Apartment or Condo block. Usually on the top floor with two levels.
TOWNHSE - Townhouse. Apartment with ground level entrance and usually is 2 to 4-storey high.
WALKUP - Walkup Apartment. Low rise apartment without a lift or recreation facilities. Landed Property Landed properties are houses with gardens. Conventional landed housed comprises of bungalows (a freestanding house), semi-detached (a pair of houses) and terrace units (a row of houses), all of which come with private garden compounds or garage. BUNGALOW - Bungalow. Free standing house with no shared wall with others except the fence.
CLUSTERHSE - Cluster House. Strata titled landed house with shared compound and recreation facilities.
DETACHED - Detached House. Same as Bungalow, with no shared wall.
HOUSE - House. May be any form of house listed here.
SEMI-D - Semi Detached House. A pair of houses, two houses joint side by side.
TERRACE - Terrace House. A row of houses joint side by side, may be corner or intermediate terrace. Singapore Commercial / Industrial Property FACTORY- Factory. Industrial space for heavy or light industries.
HDBSHOP - HDB Shop. Shop space within a HDB block.
OFFICE - Office. Office space in commercial office buildings or shop house.
RES./LOUNGE - Restaurant / Lounge. Commercial space suitable for cafe, restaurant, lounge businesses.
SHOP - Shop. Shop space for retail business in malls or shophouse.
SHOPHSE - Shophouse. A row of low-rise shops joint side by side with a living quarter / office above them.
WAREHSE - Warehouse space for storage. May include some office space. Others These types of houses below are either conservation shophouses or colonial houses and bungalows. A good example will be shophomes like Townerville. Kindly contact us if you are interested in them. COLONIAL HOUSE, BUNGALOW - Houses built in the pre-war British colonial times.
CONSERVATION HOUSE, SHOP HOUSE - Houses or Shop Houses that are marked for conservation.
BLACK AND WHITE HOUSE - Houses built in the pre-war British colonial times, with white & black exterior..
HERITAGE HOUSE - House constructed with a touch of Asian heritage and culture, Balinese concept. Buying guide to owning a property in Singapore
Living in Singapore
Land is a scarce commodity in Singapore. Due to this, residential properties are mainly in the form of highrise apartments or condominiums. Landed properties are a luxury as they are very expensive. On average, 80% of Singaporeans live in flats which are built and managed by the Housing and Development Board (HDB) while the rest live in private apartments, condominiums and landed properties.
The population continues to grow as the influx of foreigners increases with the opportunities in Singapore’s bustling economy. The three main property types here are HDB flats, private apartments and landed properties. Foreigners must clearly understand the differences among these properties, especially because of the ownership restrictions for HDB flats and landed properties. It is absolutely important to know about the property you intend to buy. Before deciding on which property type of property you are purchasing, you need to know the general classification of properties as set by the government. Appointing a solicitor
The best and safest way to go about purchasing a property is to first appoint a solicitor. This will help to overcome the web of legalities and help expedite the process without any unnecessary hiccups. Furthermore, the solicitor will look into the overall phases of the purchase process that includes mortgage if a bank mortgage is sought or withdrawal of funds from the CPF Board if this is your option. Ensure that you have the money before signing any contract because if you are unable to come up with the money to go through with the purchase after the reservation deposits are paid, it may be forfeited unless the cancellation is due to reasons stated in the contract. Getting financing for the intended property
Getting a bank mortgage to finance the property isn’t difficult as long as you can provide the proper documentation and have a clean financial record. The approval and mortgage amount you get will depend on your income and capacity to service the monthly repayments, your age, employment history, credit history as well as the valuation of the said property by the bank. Under normal circumstances, Singaporeans may get up to 90% while foreigners up to 80% financing on the amount of the property value. If you are a Singaporean, you may withdraw from your CPF savings for the deposit. If your CPF has a substantial amount you may not need much cash to pay for the property but for foreigners, be prepared to fork out at least 20% in cash which would include certain fees. If purchasing a HDB flat, you may want to check your eligibility for a concession loan from HDB before considering a commercial bank for a mortgage. Necessary documentation processes you need to know Option to Purchase
The ‘Option to Purchase’ gives you a 14-day exclusivity period to decide on purchasing the intended property. Upon signing the ‘Option to Purchase’ agreement, 1% of the purchase price is placed as a good faith deposit. If you decide to purchase it within the stipulated deadline, you must return the agreement to the seller together with another 4% or 9% depending on what is agreed on in the agreement. If you fail to honor the agreement within 14 days, your 1% deposit is forfeited and the property may be offered to another buyer. Offer to Purchase
The ‘Offer to Purchase’ is an agreement where you may not want any time to consider or contemplate on the property but instead prefer to make a binding direct offer to purchase. This agreement is to be prepared by your solicitor or agent, stating the price, completion date and other conditions you want to specify. If the seller accepts the offer, the ‘Offer to Purchase’ agreement must be signed and you can move into the next phase of the process which is the Sales & Purchase Agreement (S&P). At this stage, 5% or 10% of the agreed price is paid to the seller as a deposit. Sales and Purchase Agreement
During this phase, your solicitor will lodge a caveat on the said property, coordinate with the bank/CPF board for the mortgage up to the preparation of the contracts which will in total take approximately 10 weeks. Fees and Commissions
You will also need to consider the fees and commissions that will be incurred from the transaction such as:
Agent's Commission The agent’s commission is usually paid by the seller which could be between 1-2% of the selling price. For a HDB flat the commission is 1%.
Solicitor's Fee Solicitor’s fee paid by the buyer is between 0.3-0.6% of the selling price. Extra legal fee is applicable if CPF is used to pay for the apartment. The seller pays 0.15% of the transaction value to his/her solicitor.
Mortgage Fee Banks charge administration fee and valuation fee for the mortgage which is usually around S$200-300. You are also required to purchase an insurance policy on the property.
Stamp Fee The stamp fee is payable to Inland Revenue Authority of Singapore within 14 days upon exercising the Option to Purchase or signing the Sales and Purchase Agreement when buying from a property developer. For properties above S$360,000, the stamp fee is 3% of the purchase price. The mortgage stamp fee is around S$500, which is quite the standard amount for most mortgages.
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