Singapore is a small nation with lots of people, and for this population there is a need to house them and have entertainment facilities. This has driven up prices and caused a strain on the infrastructure available for this country.

If you are a Singapore-based citizen, you may be aware of the different types of property you may buy and you may own and invest in buying 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 Singapore property.

There are 3 main types of property in Singapore, and there are some that only local people can own, and there are some that foreigners can buy and own, and there are other items like taxes that you might want to worry about, because it would mean you have to pay quite a sum of money to own this property in Singapore.

1. HDB or Housing Development Board Flats HDB are subsidized flats that house 80 percent 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 there is no way foreigners can possess. Let all Singaporeans have a roof over their heads.

2. Condominiums These are the most common investment properties that foreigners may buy for investment or purposes. These are very good types of investment properties because they are usually located in good locations, and very little land developers can build on and grow.

3. Landed housing Landed housing is built on a piece of land and not high rise, because it shows their wealth, this is a very popular form of housing for locals. Such forms of property can not be leased to foreigners, making it difficult to own such properties in Singapore.

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