Real Estate in Bukit Timah
Last updated on Nov 16, 2024
Summary: People living in Bukit Timah, Singapore offer advice about real estate. How do you find a home in Bukit Timah? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Bukit Timah?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Bukit Timah involves several steps. First, you need to determine your budget. This will help you narrow down your options, as the cost of living in Bukit Timah can be quite high. Next, decide on the type of accommodation you want. Bukit Timah offers a range of options, from condominiums and apartments to landed properties. Once you have a clear idea of what you're looking for, you can start your search. There are several online property portals available, such as PropertyGuru, 99.co, and SRX Property. These websites allow you to filter your search based on location, property type, price range, and other criteria. You can also engage a real estate agent to help you in your search. They can provide you with expert advice and access to properties that may not be listed online. When you find a property you're interested in, arrange a viewing. This will give you a chance to inspect the property and the surrounding area. Before making a decision, consider factors such as proximity to public transportation, schools, and amenities. Bukit Timah is known for its green spaces, so you might also want to consider the property's proximity to nature reserves and parks. Once you've found a property you like, you'll need to negotiate the lease terms and sign a tenancy agreement. Be sure to read the agreement carefully and understand all the terms before signing. Finally, once the agreement is signed and the deposit is paid, you can move into your new home in Bukit Timah," said one expat in Bukit Timah.
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What is a typical expat home or apartment like in Bukit Timah?
"A typical expat home in Bukit Timah, is often a spacious, modern apartment or condominium located within a high-rise building. These homes are usually fully furnished with contemporary furniture and equipped with modern amenities such as air conditioning, high-speed internet, and state-of-the-art kitchen appliances. Many of these residences feature floor-to-ceiling windows that offer stunning views of the city skyline or the lush greenery of the nearby nature reserves. The buildings themselves often come with a range of facilities such as swimming pools, gyms, barbecue pits, and playgrounds. Some even have tennis courts, function rooms, and private car parks. The homes are typically located in close proximity to international schools, shopping centers, and public transportation, making them convenient for expats with families. Despite being in a bustling city, many expat homes in Bukit Timah are situated in tranquil neighborhoods, offering residents a peaceful living environment. The area is known for its green spaces, with the Bukit Timah Nature Reserve nearby, providing opportunities for outdoor activities. In terms of interior design, expat homes in Bukit Timah often feature a blend of Western and Asian influences, with a focus on creating a comfortable and luxurious living space. They often have multiple bedrooms and bathrooms, a large living area, and sometimes even a maid's room. Overall, a typical expat home in Bukit Timah offers a comfortable, convenient, and luxurious living experience, blending the best of urban living with the tranquility of nature," explained one expat living in Bukit Timah, Singapore.
What is the average cost of housing in Bukit Timah?
If you are thinking about moving to Bukit Timah, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Bukit Timah can vary greatly depending on the type of property. For instance, a condominium in this area can cost significantly more than a HDB flat. As of recent data, the average price for a condominium in Bukit Timah can range from a few million to over ten million Singapore dollars. On the other hand, HDB flats, which are public housing units, are generally more affordable, with prices typically ranging from several hundred thousand to over a million Singapore dollars. However, it's important to note that these prices can fluctuate based on various factors such as the property's size, age, location, and the current state of the real estate market," said one person in Bukit Timah.
Should I buy or rent a home in Bukit Timah?
If you have not spent a lot of time in Bukit Timah, 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 Bukit Timah, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Singapore for a long period, buying a home could be a good investment. Bukit Timah is a prestigious residential area known for its high property value, and owning a home here could provide significant returns in the future. On the other hand, if you're unsure about your long-term plans or if you're not ready for the financial commitment of buying a home, renting might be a better option. Renting a home in Bukit Timah gives you the flexibility to move if your circumstances change, and it also allows you to live in a high-end area without the hefty price tag of buying. However, it's important to note that the cost of renting can add up over time, and you won't build any equity like you would if you were paying off a mortgage. Additionally, renting doesn't provide the same level of stability as owning a home, as you're subject to the whims of your landlord and potential rent increases. In conclusion, both buying and renting a home in Bukit Timah have their pros and cons. It's crucial to carefully consider your financial situation, lifestyle, and future plans before making a decision. Consulting with a real estate professional or financial advisor could also provide valuable insights tailored to your specific circumstances," explained one person living in Bukit Timah, Singapore.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad 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.
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