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Properties Singapore
Singapore is an undeveloped island state. The population in Singapore is growing day by day the main reason is because, of the foreign influx of the state country. In order to optimize the use of land in a proper way they have to build more buildings especially the higher ones.
Most people in Singapore stay in apartments. Apartments are built and managed by the Housing Development Board (HDB). Singaporeans also live in condominiums in which most of them own them. Visitors who come and visit Singapore rent the apartments and the condominiums and they are of different types. There are apartments which are very old and others are luxurious equipped with different types of facilities. Singaporeans are investing so much in houses and estate and this has become a trend now. The government had to increase the space of the floor that is usually constructed per square foot of land.
Properties in Singapore are grouped into three main ones: the private apartments, land properties and HDB apartments. If you intend to visit Singapore one of these fine days then you have to understand their differences. There are ownership laws and restrictions which have been set up by the government and they must be followed and obeyed to the latter.
Private apartments. They are usually classified as condominiums or apartments and the government classified this. There is a major difference between the apartments and the condominiums. Apartments have been developed in a small way and the condominiums are equipped with different types of facilities. Some of the facilities that the condominiums are equipped with are: swimming pool, tennis court, gym, squash court, children playground, and BBQ area. The security can be described as tight as there are security guards who take care of the condominiums at the entrance of the gate besides they have a car park that is enclosed.
Landed properties in Singapore are classified e.g. shop house, terraced house, semi-detached house, terraced house and many more. Properties in Singapore are tied according to the title of the land and are mainly fresh holds. Finding land in Singapore is very hard because it has become scarce. Properties that have bigger plots are very expensive especially the ones which are around the city centre.
HDB Apartments
These are flats that have been well built maintained and managed by the housing and development board (HDB). The government subsidies the financing and purchasing of HBD. The HBD neighborhoods have schools, library, supermarkets, coffee and food centers besides this the HBD estates and the transport system can be described as the best because there are buses and MRT which serve people.
Executive Condominiums
These types of properties were created mainly for Singaporeans who are very young and want to live a better life more than the HDB and cannot be in a position to afford private condominiums. The executive condominiums are mainly government subsidized and one can be in a position to buy them if a certain criteria is met, they share the same rules with HDB. In the first five years executive condominiums cannot be sold and they should not be sold to any foreigner until ten years are over.
These are some of the properties in Singapore. To get a very good property one has to do a very good property search on the Property partner Singapore on the internet so that you can get a good property.
Billy Chen
CEA Registration Number : R029372I
Tel: (+65) 88689999
Fax: (+65) 64021826
billy@billychen71.com
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