Singapore may not be big, but it has unique neighborhoods which you can invest in. MRT is one of the modes of transportation used in Singapore. Most of the islands in Singapore have access to the MRT. It is expensive to drive in Singapore; thus if you plan to invest in Singapore, then you should aim for areas which are close to MRT.
Just like the name suggests, central is home to Singapore’s downtown. The real estate in this area is the most expensive in the entire country. The central area consists of little India, Marina Bay, China town, and Singapore’s central district.
It is also near the Orchard district. Most of the developers do not want to give up their real estate in the central area. For this reason, you will only get the property on a leasehold basis. You will get freehold property near Orchard than in the central business district. Most of the condominiums near the central business district are on leasehold.
Woodlands is located in the northern part of the island. The area is fast becoming a favorite investment property for middle-class locals. The area borders Singapore Strait which separates Singapore from Malaysia.
The area has some of the most defined parks. The northern parts of Singapore have many parks since it does not have a lot of high-rise buildings. If you love nature, then this is the place to choose. Also, you will also get the property at lower prices.
Serangoon is a district in the northeastern part of the city. The area is in a convenient location and is right between change airport and downtown. There are also several shopping malls near Sengaroon.
However, you have to be prepared to part with huge sums of money. The reason is that the cost of property in this area is expensive. You can quickly get to downtown when you are in Serangoon district.
Sentosa cove properties
The Sentosa cove properties are surrounded by the sea. It is a reserve for the ultra-rich individuals. Most of the homes that you will get here have their swimming pools. The price of the property varies depending on the amenities.
Before buying property in Sentosa cove make sure that you check the occupancy rates. Most of the properties are sparsely occupied. It is advisable that you buy the property that is in a place with low vacancy rates. Watch the video below for more insights on where to invest in Singapore: