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Real Estate in River Valley, Singapore | Digital Nomad Exchange
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Real Estate in River Valley

By Betsy Burlingame

Last updated on Nov 11, 2024

Summary: People living in River Valley, Singapore offer advice about real estate. How do you find a home in River Valley? Should you buy or rent? What is the cost of housing?

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What is a typical expat home or apartment like in River Valley?

"A typical expat home or apartment in River Valley, is often a high-rise condominium with a modern and sleek design. These homes usually come fully furnished with contemporary furniture and appliances. The living room is spacious, often with floor-to-ceiling windows that offer panoramic views of the city skyline or the Singapore River. The kitchen is typically equipped with high-end appliances and ample storage space. Bedrooms are usually large and come with built-in wardrobes, and the master bedroom often has an en-suite bathroom. The bathrooms are usually modern and luxurious, often featuring a bathtub and a separate shower area. Many of these condominiums offer a range of facilities such as a swimming pool, gym, barbecue pits, and children's playground. Some even have tennis courts and function rooms. The location of these homes is also a major draw for expats. River Valley is centrally located, close to the Orchard Road shopping district, the Central Business District, and a variety of dining and entertainment options. It is also well-served by public transportation, making it easy for residents to get around the city. Despite being in the heart of the city, River Valley is known for its tranquil and relaxed atmosphere. Many of the homes here are located in quiet, leafy neighborhoods, offering residents a peaceful retreat from the hustle and bustle of city life. In summary, a typical expat home in River Valley, Singapore, is a luxurious, well-equipped condominium in a convenient and peaceful location," said one expat who made the move to River Valley.

What is the average cost of housing in River Valley?

If you are thinking about moving to River Valley, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in River Valley, can vary greatly depending on the type of property. For instance, a condominium in this area can be quite expensive, with prices often reaching into the millions. On the other hand, HDB flats, which are public housing units, are typically more affordable. However, River Valley is known for being a prime location, so even these can be quite costly. Overall, the cost of housing in River Valley is generally higher than in other parts of Singapore due to its central location and the high demand for properties in this area," said one person in River Valley.

Should I buy or rent a home in River Valley?

If you have not spent a lot of time in River Valley, 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 River Valley depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in the area for a long time and have the financial means to afford a down payment and monthly mortgage payments, buying a home could be a good investment. Owning a property in River Valley can provide stability, potential for appreciation in value, and the opportunity to build equity. On the other hand, if you are unsure about your long-term plans or prefer flexibility, renting might be a better option. Renting a home in River Valley allows you to avoid the upfront costs associated with buying a property, such as the down payment and stamp duty. Additionally, renting provides the flexibility to move more easily if your circumstances change or if you decide to explore a different neighborhood in Singapore. It is essential to carefully consider your financial situation, lifestyle preferences, and long-term goals before making a decision. Consulting with a real estate agent or financial advisor can also provide valuable insights and guidance in making the right choice for your situation," said one expat who made the move to River Valley.

About the Author

Betsy Burlingame 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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