Singapore's real estate market features various types of properties to meet the needs and budgets of different homebuyers. These property types play a significant role in the market, providing residents with comfortable, convenient, and diverse housing options.
Apartments are one of the most common types of real estate in Singapore. They are typically situated in high-rise buildings, offering residential units of various sizes, ranging from one-bedroom to multi-bedroom configurations. Apartments come with an array of facilities such as swimming pools, gyms, gardens, etc., providing residents with spaces for leisure, recreation, and social activities. Their convenient locations and modern amenities make them an ideal choice for young professionals and small families.
Villas represent a high-end residential option, usually located on private land. These properties stand independently from other buildings, featuring their own gardens and parking spaces, providing more extensive living spaces and privacy. Villas often come equipped with high-end facilities and luxurious fittings, catering to homebuyers seeking a high-quality lifestyle and more significant living spaces.
Leasehold properties are a unique type of real estate relatively common in Singapore. These properties have their land leasehold rights returned to the government after a certain period, meaning buyers only hold limited ownership for a specific duration. Despite the limited ownership, leasehold properties typically come at a lower price point, making them suitable for those with budget constraints but still desiring homeownership.
Singapore's commercial real estate market is also highly active. Commercial properties include shopping malls, office buildings, retail shops, and more. These properties are situated in central business districts or bustling areas, providing ample commercial opportunities for businesses and investors. As Singapore serves as an international business hub, the demand for commercial real estate continues to grow, attracting the attention of both domestic and international investors.
In addition to property purchases, rental housing is a common choice among Singapore residents. The rental market offers various types and sizes of housing units, catering to the needs and budgets of different demographics. Rental housing is popular among Singapore's mobile population and foreign workers, providing flexible accommodation options for residents who may not be ready to purchase property at the moment.