The Development of Property Management Industry in Singapore

Because the Singapore government has done a good job in housing security, it is not difficult for ordinary people to buy a house.

The Singapore government divides the real estate market into two parts. One is called private residence, also called condominium. This kind of house is more expensive and completely market-oriented. The right to use is 999, which is also called permanent property right. However, the proportion of such houses in the whole real estate market in Singapore is very low, less than 65,438+00%.

There is also a house called HDB, which was built by the municipal government for ordinary people. Most houses in Singapore are like this, with the right to use for 99 years, and the government subsidizes property fees, utilities and so on. There are many restrictions on buying this kind of house, which must be purchased by Singapore citizens or permanent residents. The family income does not exceed S $8,000, and most importantly, the government stipulates that each family in Singapore can only own an apartment at the same time, and can only buy it after getting married and forming a family. If you have been single, don't buy it before you are 35, which greatly limits real estate speculation.

However, with the influx of new immigrants, the number of apartments in Singapore has been rising in recent years, but overall it is still much cheaper than Beijing and Shanghai. Moreover, when calculating the residential area here in Singapore, only the usable area is used, unlike China, which also created the building area. Therefore, a house of 100 square meters here in Singapore is equivalent to the domestic standard of 130 square meters.