Real Estate in Brunei
Last updated on Feb 02, 2024
Summary: An expat looking to buy a home in Brunei should start by researching the local real estate market. They should look for listings on websites such as PropertyGuru, iProperty, and EdgeProp. They should also consider contacting a local real estate agent for assistance. Foreigners are allowed to purchase property in Brunei, but there are some restrictions. Foreigners are not allowed to purchase land, and they must obtain permission from the Ministry of Home Affairs before purchasing a property. Houses in Brunei typically include amenities such as air conditioning, swimming pools, and gardens. Many homes also have security features such as CCTV cameras and alarm systems.
How do I find a place to live in Brunei?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One of the best ways to find a place to live in Brunei is to search online for rental listings. There are many websites that offer listings of apartments, houses, and other types of rental properties in Brunei. Additionally, you can also search for rental listings in local newspapers and classifieds. Additionally, you can also ask friends and family who live in Brunei for recommendations. Finally, you can also contact real estate agents in Brunei who specialize in rental properties," remarked one member in Brunei.
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What is a typical expat home or apartment like in Brunei?
"Expat homes and apartments in Brunei tend to be modern and comfortable, with air conditioning and other amenities. Many expats choose to live in gated communities, which offer a safe and secure environment. Expat homes and apartments often come with a variety of amenities, such as swimming pools, gyms, and other recreational facilities. Expats can also find a variety of housing options, from high-end luxury apartments to more affordable options," explained one person living in Brunei.
What is the average cost of housing in Brunei?
If you are thinking about moving to Brunei, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Brunei is generally quite high, with most properties costing significantly more than the average salary. Renting a property in Brunei can be expensive, with prices ranging from around $1,000 to $3,000 per month for a basic apartment. Buying a property in Brunei is also expensive, with the average cost of a house being around $500,000," said one person in Brunei.
Should I buy or rent a home in Brunei?
If you have not spent a lot of time in Brunei, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Brunei can be a great investment, as the country has a stable economy and a low cost of living. However, it is important to consider the cost of purchasing a home in Brunei, as well as the cost of upkeep and maintenance. Renting a home in Brunei can be a more cost-effective option, as it allows you to enjoy the benefits of living in Brunei without the long-term commitment of buying a home. Additionally, renting a home in Brunei can provide you with more flexibility, as you can move to a different location if your circumstances change. Ultimately, the decision to buy or rent a home in Brunei should be based on your individual needs and financial situation," explained one person living in Brunei.
What do I need to know when buying property in Brunei?
When we asked expats what advice they would give a foreigner before buying a property in Brunei, they said:
"When buying property in Brunei, it is important to understand the local laws and regulations. It is also important to research the local market and be aware of any potential risks associated with the purchase. It is also important to ensure that the property is properly registered and that all necessary documents are in order. Additionally, it is important to be aware of any taxes or fees associated with the purchase. Finally, it is important to ensure that the property is in good condition and that all necessary repairs and maintenance have been completed," wrote one expat who made the move to Brunei.
Are foreigners allowed to own property in Brunei?
When we asked expats what advice they would give a foreigner before buying a property in Brunei, they said...
"Yes, foreigners are allowed to own property in Brunei. The government has implemented a number of measures to make it easier for foreign investors to purchase property in the country. Foreigners are allowed to purchase residential and commercial properties, as well as land for development. However, they must obtain approval from the Ministry of Home Affairs before they can purchase any property. Additionally, foreigners are not allowed to own agricultural land in Brunei," explained one expat in Brunei.
What appliances are typically included in a rental?
We asked foreigners in Brunei what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Brunei typically include a refrigerator, stove, oven, washing machine, and air conditioning unit. Other common appliances may include a microwave, dishwasher, and water heater," explained one person living in Brunei.
Additional Information about Searching for a Home in Brunei:
We asked foreigners in Brunei what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Brunei by looking online for real estate listings, contacting local real estate agents, and asking other expats for recommendations. They can also search for rental properties on websites such as Expat.com and Brunei Property Finder. Additionally, expats can look for housing in newspapers and magazines, or attend open houses and property viewings," remarked one foreigner who made the move to Brunei.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.