Presently, Singapore's primary housing types comprise HDB flats, condominiums, and landed houses, with over 80% of the population residing in HDB flats.
HDB (Housing and Development Board Flats): The Singaporean government implemented the HDB flat policy to address housing issues. According to regulations, only Singaporean citizens can purchase new HDB flats, while Singaporean Permanent Residents (green card holders) can buy resale flats in the market after residing for more than five years.
Foreigners are not eligible to purchase government-subsidized flats. These flats are priced at a significant discount compared to market rates due to government subsidies. Generally, a three-room HDB flat can be acquired for around SGD 200,000 to SGD 300,000. Additionally, to promote integration and interaction among different ethnic groups, each HDB estate has specific regulations regarding the racial composition.
Condominiums: Condominiums are housing developments constructed by private real estate developers, ranging in size from less than 50 square meters to several hundred square meters. Unlike HDB flats, both Singaporean citizens and foreigners are eligible to purchase condominiums.
Condo prices are determined by the market and usually include special amenities and services such as 24-hour security, gymnasiums, swimming pools, tennis courts, and BBQ areas. These facilities provide residents with convenient and comfortable living environments.
Landed Houses: Landed houses typically refer to privately-owned properties with private gardens and garages, usually with freehold tenure. These houses often span 1 to 3 stories and come with individual swimming pools.