How is life in Singapore?

For example, an apartment has a usable area of 65 square meters (usable area), two bedrooms and one living room plus a small room of 5 square meters. The location is good, close to the National University of Singapore and Singapore Institute of Technology, and the price is around S $250,000 (110.2 million RMB). You only need to pay a down payment of 10% to buy this house, and you can apply to the government for a flat loan of 2.6% for the rest. This interest rate is only applicable to local residents. If you have a China passport, you need a bank loan. Including attorney's fees, stamp duty and agency fees, the down payment for a house of S $250,000 is about S $30,000, and then S $900 is paid back every month. If I just graduated from college, it is not difficult to conservatively estimate that my monthly salary is 2,500 yuan (not my salary), and it is not difficult to save 30,000 yuan for one year 1-2 years, not to mention that my parents will have some savings. It's easier if you have a partner. Neither party can sign with his parents or relatives. The down payment for private apartments needs 20%.

So according to this situation, studying in Singapore will be of great benefit to students in buying a house in the future. While studying in Singapore, China students can consider their future development path.

House ownership, family ownership.

For a local graduate, as long as you have a family (partner or relative), you will always have a house to live in. Unless you want to buy a better house, you may have to wait. Home ownership is the basic national policy of the Singapore government. How does the government do this? More than 80% houses in Singapore are built by the government. This kind of house is called a government apartment in Singapore and the contract is 99 years. Less than 20% of the remaining houses are private apartments, and the contract is usually 999. Since most newly-built private apartments need to buy land from the government, the government actually completely controls the real estate market in Singapore. The government has built apartments of different sizes and conditions for families with different incomes to buy. If you are poor, buy small ones and buy poor ones; If you have money, buy big ones and expensive ones. The worst thing is to give you a low-rent house, but it won't let you sleep on the street. It's just that the cheaper the house, the worse the conditions. But if your family income is too high, you can't buy a house that is too bad (it's hard to fake your income in Singapore and it's not worth the risk).

Control the price of new houses and provide subsidies. New houses are cheaper than second-hand houses.

China students studying in Singapore have the same subsidies as citizens, according to the Singapore Overseas Students Network. The price of new buildings is controlled by the government, which is much lower than the market price, so there is an interesting phenomenon that second-hand houses are more expensive than new houses. For example, the price of a new flat of the same type in the same street is RMB 6,543.8+0,000, and it is estimated that the price of second-hand apartments will exceed RMB 6,543.8+0,250. This system ensures that China people can buy cheaper houses. At least one of the families applying for an apartment is a Singaporean citizen. Even Singapore citizens can't buy a new house without relatives or partners to apply together. Despite this preferential policy, many locals buy second-hand houses because there are more choices and too many restrictions on buying new houses. Therefore, the second-hand housing market in Singapore is very active. In order to help China people buy a house, the government also offers discounts ranging from 500,000 to 200,000 RMB to those who buy a house for the first time, live with their parents or live close to their parents.

Pro-family policy, "discrimination" against single aristocrats

Many policies in Singapore are pro-family, especially in the real estate market. If you are not married, you can't buy a cheap new apartment. I can only wait until I am 35 years old to buy a second-hand house with two rooms and one living room. Rich singles only need to buy private apartments or wait until they are 35.