Property

Your Essential Guide To Studio Apartments In Singapore: Benefits, Where To Rent/Buy Them, Tips To Successfully Secure One, etc.

Fun fact: Did you know that almost 80% of males and 65% of females aged 25-29 years old are single in Singapore? These percentages halve by the time people reach 34. This is why the idea of renting or buying a studio apartment in Singapore will have crossed some of our minds. There may come a time when we wish to experience what it’s like living independently. By doing so, we get to decide on the furniture we want, or the design style we have envisioned for our apartment. Thus, it is important that you pick an apartment to your liking. We’ll compare studios to one-bedroom and two-bedroom apartments to figure out all their benefits. We’ll also let you in on the best websites in Singapore that rent or retail these apartments. Besides, you’ll also learn a lot of tips and tricks to choose the best type of dwelling for your needs. What Is A Studio Apartment? Studio apartments are compact one-room dwellings. Unlike one-bedroom apartments, studio apartments have your bedroom, kitchen, and living room in the same room. The bathroom is separate, though, and you can even find some studio apartments with intimate balconies. Studio apartments have different sizes between 19 and 34 m², much like a lot of one-room or two-room apartments. However, studio apartments look more minimalistic and have a unique set of advantages. Studio apartments are fit for those who wish to live independetly. However, they are also comfortable enough for couples or friends who wish to stay together. By co-sharing the apartment with someone, you’ll also get to save up on rent! Studio Apartments’ Prices In Singapore Some of us might have considered renting a bedroom in a shared HDB flat. These will be much cheaper compared to renting an entire an entire studio apartment. Think about 50% in savings. However, the issue with renting a room in a shared HDB flat is that you do not get as much privacy since you’ll be sharing the flat with a few other people. This is why many choose to pay more and live in a studio

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5 Questions For Yourself Before Upgrading To A Private Property In Singapore (Condominiums & Landed Properties)

The long-term goal of many Singaporeans is to become the proud owner of an individual piece of the home property. To precise, a condominium or a landed property. Singapore is known as the Little Red Dot. This means that land is scarce. Singapore’s housing is known to be super expensive and it costs at least $1 million to own a condominium or a private property. Compared to Malaysians or Australians, most of the citizens in Singapore live in HDBs. However, with hard work and self-improvement, investments or perhaps starting their own business, some of us may be able to afford a landed property. Areas such as Serangoon, Bukit Timah, Sixth Avenue, Hillview, Orchard and Marine Parade are areas known for their expensive properties. If you already own an HBD flat, it could be the right time for you to upgrade to owning your own private home. However, before you embark on this upgrade, there are some critical questions that you need to ask yourself. Some of these are outlined below. 1. Have you fully paid off your current mortgage? The funds that you receive when you sell your HDB flat should be first used to pay off any outstanding amount that you owe on the loan of the house. If any amount was borrowed from your CPF account, it should be repaid in full together with any amount of accrued interest. If the amount that you receive from the proceeds of the sale of your HDB flat is less than your outstanding loan, then you will need to top up the balance in cash. However, if the amount that you receive from the proceeds of the flat is more than the amount you have outstanding on loan, then you will remain with the other balance. Should you require funds to upgrade your home from a HDB to a condominium or private property, Lending Bee’s Bridging Loan may be able to help. 2. Do you satisfy the eligibility requirements? Before upgrading to owning a private home property, there are specific requirements that you will need to meet. Firstly, you will need

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