Singapore is a small nation with a lot of people, and there is a need to house them and provide entertainment facilities for this community within this small area of land. This has pushed up prices and this has also created a strain on the infrastructure available to this country.

If you are someone based in Singapore, you may be aware of the various types of property you can buy and you may own and invest in buying for someone new to the system and have no knowledge of Singapore property, then you may need to read this article to find out more about property in Singapore.

In Singapore, there are 3 main types of property and there are some that only locals can own, and there are some that foreigners may purchase and own, and there are also other things that you would want to think about such as taxes, because it would mean you have to pay a reasonable amount of money to own this property in Singapore.

1. HDB or Housing Development Board Flats HDB are subsidised flats that house 80% of Singaporeans and are the most common type of property and also the cheapest, this property can only be owned by Singaporeans and permanent residents and it can not be owned by an alien. Both Singaporeans are helped to have a roof over their heads.

2. Condominiums These are the most common investment-type properties for investment or uses that foreigners may buy and purchase. These are very good types of investment property since they are typically located in good locations and developers can build on and expand on very little ground.

3. Landed housing Landed housing is constructed on a piece of land and not high rise, as it reflects their wealth, this is a very common type of housing for locals. It is unlikely to lease such types of property to foreigners, making it hard for foreigners to buy such properties in Singapore.

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