In Singapore, properties can broadly be categorised into several types, each catering to different needs and preferences. Here are the common types of properties in Singapore :
Public Housing (HDB flats): The Housing Development Board (HDB) provides affordable housing for Singaporeans. HDB flats come in various sizes, ranging from studio apartments to executive maisonettes. They are typically located in residential estates and offer communal facilities like parks, playgrounds, and schools.
Private Residential Properties: These include condominiums, apartments, and landed properties like bungalows, semi-detached, and terrace houses. Private residential properties offer more amenities and privacy compared to HDB flats but come at a higher price.
Executive Condominiums (ECs): ECs are a hybrid of public and private housing, developed and sold by private developers but subject to eligibility conditions similar to HDB flats for the initial buyers. After a certain period, usually 5 years, ECs can be sold to foreigners and are considered fully private properties.
Commercial Properties: These include office buildings, retail spaces, industrial properties, and mixed-use developments. They cater to businesses and may vary widely in terms of size, location, and amenities.
Landed Properties: Landed properties refer to houses with land ownership, including bungalows, semi-detached houses, and terrace houses. These properties offer privacy and space but are typically more expensive than apartments or condominiums. Find out more about the types of landed properties in Singapore.
Shophouses: Traditional shophouses are a unique feature of Singapore’s architectural landscape. These are historical buildings with a shop on the ground floor and living quarters above. They are often used for commercial purposes but can also be converted into residential or mixed-use spaces.
Serviced Apartments: These are fully furnished apartments that offer hotel-like amenities such as housekeeping, concierge services, and recreational facilities. They cater to expatriates, business travelers, and individuals seeking temporary accommodation.
Each type of property in Singapore offers distinct advantages and caters to different lifestyles and budgets, allowing residents and investors to find options that suit their needs.
