So you’re thinking of being an adult and investing in purchasing a property in Singapore. Way to go! Without sounding like we’re ridiculously biased, Singapore does have many things going for it – a booming economy for one, that serves as a melting pot for different cultures in South East Asia. There are many kinds of properties that you could invest in which is discussed in 3 Types of Real Estate in Singapore.

Public Housing in Singapore

For starters, most young couples opt for a residential flat from Housing Development Board (HDB). These flats are thoughtfully built and are available in most locations. To know how each type of HDB flat differs, here are some of your options:

Build-To-Order (BTO)

BTO under the HDB in Singapore is an allocation system wherein applicants can apply to a specific location of their choice, only to wait for a specific time before they can move in. Also, the construction of the apartments will start once 65-70% of the apartment has already been booked.

Design, Build, And Sell Scheme (DBSS)

Design, Build, and Sell Scheme was introduced by Singapore’s HDB in 2005 wherein public housing will be developed by private developers. The reason for the DBSS is that it has better designs and location. Tampines, Ang Mo Kio, Bishan are among the areas with 13 DBSS projects.

Executive Condominiums (EC)

The Executive Condo is meant for those individuals and families who cannot afford private property, but would like to enjoy the perks of a private condominium like having playgrounds, swimming pools and other similar amenities.

EC is different from BTO properties in a way that from the sixth to 10th year,  EC’s will have to be re-sold to those who are permanent residents, and upon the 11th year, ECs will be open for both foreign individuals and companies.

Perks of Investing In Public Housing in Singapore?

Just like in any part of the world, having a property is a good decision as this could provide you with different perks.  A quick 3 Reasons You Should Invest In Real Estate. For instance, looking at the property cycle in Singapore over the last couple of years, you will find a steady rise in real estate’s value. This could provide capital gains after a few years of acquisition. If you are interested on having a passive income, it is also possible that you choose to look into the possibility of having your property rented out.

Curious to know where we are Singapore Housing Cycle ?

What To Look For In Each Category? 

When it comes to investing in a real estate property, it is a good idea to look for different factors such as accessibility to MRT stations, schools and other related facilities. Also, ask yourself if you would look to resell the property. Try to see what are your options for each property, since not all properties can be resold immediately to a foreigner or a company. And of course, you should evaluate your ability to pay for the property.

Costs You Need To Check

Just what are the costs involved when getting a property in Singapore? For one, you have to check your stamp duty rate. Based on the market value of the property, you could compute for your Buyer’s Stamp Duty. Let’s assume that you purchased a property for $2.5 million. How does a BSD computation look like? 1% of the first $180,000 added to the 2% of the second $180,000 and 3% of the remainder, here you get the computation for the BSD.

Given this scenario, you’ll be paying roughly around $69,600 for the BSD alone. Also, you have to take into consideration the Additional Buyer’s Stamp Duty meant for residential properties which have a different computation depending if you are a foreigner, a citizen or a permanent resident.

After looking at the stamp duty involved, you also want to check the lawyer’s fee. After assessing all of these, you can then have an idea which type of property in Singapore you could afford.

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Founder @ The New Savvy
Anna Haotanto is the Advisor (former CEO) of The New Savvy. She is currently the COO of ABZD Capital and the CMO of Gourmet Food Holdings, an investment firm focusing on opportunities in the global F&B industry. She is part of the founding committee of the Singapore FinTech Association and heads the Women In FinTech and Partnership Committee. Anna is the President of the Singapore Management University Women Alumni. Anna invests and sits on the board of a few startups. Anna is also part of the Singapore Chinese Chamber of Commerce & Industry Career Women’s Group executive committee. Anna’s story is featured on Millionaire Minds on Channel NewsAsia. She hosts TV shows and events, namely for Channel NewsAsia’s “The Millennial Investor” and “Challenge Tomorrow”, a FinTech documentary. Anna was awarded “Her Times Youth Award” at the Rising50 Women Empowerment Gala, organised by the Indonesian Embassy of Singapore. The award was presented by His Excellency Ngurah Swajaya. She was also awarded Founder of the Year for ASEAN Rice Bowl Startup Awards. She was also awarded the Women Empowerment Award by the Asian Business & Social Forum. Anna has been awarded LinkedIn Power Profiles for founders (2018, 2017), Tatler Gen T, The Peak’s Trailblazers under 40 and a nominee for the Women of The Future award by Aviva


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