Real Estate in Tiong Bahru
Last updated on Jun 17, 2024
Summary: People living in Tiong Bahru, Singapore offer advice about real estate. How do you find a home in Tiong Bahru? Should you buy or rent? What is the cost of housing?
What is a typical expat home or apartment like in Tiong Bahru?
"A typical expat home or apartment in Tiong Bahru, is often a blend of modern and traditional design. These homes are usually located in pre-war, art deco style buildings that have been renovated to include modern amenities. The apartments are spacious, with high ceilings and large windows that let in plenty of natural light. The living rooms are often large and open, with enough space for a dining area. The kitchens are usually modern and well-equipped, with high-end appliances and plenty of storage space. The bedrooms are comfortable and cozy, often with built-in wardrobes. Many apartments also have balconies or terraces, offering views of the neighborhood's leafy streets. The buildings often have shared facilities like swimming pools, gyms, and barbecue areas. Despite being in a bustling city, the neighborhood has a laid-back, village-like atmosphere, with plenty of cafes, restaurants, and shops nearby," said one person in Tiong Bahru.
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What is the average cost of housing in Tiong Bahru?
If you are thinking about moving to Tiong Bahru, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Tiong Bahru can vary greatly depending on the type of property. For instance, a public housing flat (HDB) can cost around SGD 600,000 to SGD 1 million, while private condominiums can range from SGD 1.5 million to SGD 3 million. Landed properties in the area are even more expensive, often costing several million dollars. However, these prices can fluctuate based on factors such as the property's size, age, condition, and proximity to amenities," remarked one member in Tiong Bahru.
Should I buy or rent a home in Tiong Bahru?
If you have not spent a lot of time in Tiong Bahru, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Tiong Bahru, depends on your financial situation, long-term plans, and personal preferences. If you have the financial means and plan to stay in the area for a long time, buying a home could be a good investment, as Tiong Bahru is a popular and trendy neighborhood with a rich history and unique architecture. Owning a property in this area could potentially appreciate in value over time. On the other hand, if you are unsure about your long-term plans or prefer flexibility, renting might be a better option. Renting allows you to experience living in Tiong Bahru without the commitment and financial burden of purchasing a property. Additionally, renting provides the opportunity to explore different parts of the neighborhood and easily relocate if your circumstances change. Ultimately, the choice between buying and renting in Tiong Bahru depends on your individual needs and preferences. It is essential to carefully consider your financial situation, lifestyle, and future plans before making a decision," said one person in Tiong Bahru.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.