Real Estate in Marine Parade
Last updated on Oct 02, 2024
Summary: People living in Marine Parade, Singapore offer advice about real estate. How do you find a home in Marine Parade? Should you buy or rent? What is the cost of housing?
What is a typical expat home or apartment like in Marine Parade?
"Expat homes or apartments in Marine Parade, are typically modern and luxurious, reflecting the high standard of living in the city-state. They are often high-rise apartments, providing stunning views of the city skyline and the sea. 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. The living spaces are often spacious, with open-plan living and dining areas, large bedrooms, and private bathrooms. Some apartments may also feature additional facilities like a home office or a balcony. The buildings themselves often come with shared amenities such as swimming pools, gyms, and barbecue pits, providing a comfortable and convenient living environment. The location in Marine Parade is also a significant draw for expats. It's a vibrant neighborhood with a mix of local and international restaurants, shopping malls, and recreational facilities. It's also close to the beach, offering opportunities for outdoor activities. Despite its bustling surroundings, the residential areas maintain a sense of tranquility, making it an ideal place for expats looking for a balance between city life and peaceful living. In terms of design, the homes often blend both Western and Asian influences, creating a unique aesthetic that's both comfortable and stylish. The use of natural materials and light colors is common, creating a bright and airy atmosphere that's perfect for Singapore's tropical climate. Overall, an expat home in Marine Parade, Singapore, offers a high-quality, comfortable living environment with a mix of modern conveniences and local charm," said one person in Marine Parade.
What is the average cost of housing in Marine Parade?
If you are thinking about moving to Marine Parade, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Marine Parade, can vary greatly depending on the type of property. For instance, a public housing flat (HDB) can cost around SGD 500,000 to SGD 800,000. On the other hand, private condominiums in the area can range from SGD 1 million to SGD 3 million. Landed properties, such as terraced houses, semi-detached houses, and bungalows, can cost significantly more, with prices often exceeding SGD 4 million. These prices are subject to change and can be influenced by factors such as the property's size, age, condition, and proximity to amenities," remarked one member in Marine Parade.
Should I buy or rent a home in Marine Parade?
If you have not spent a lot of time in Marine Parade, 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 Marine Parade, depends on your financial situation, long-term plans, and personal preferences. If you have a stable income, plan to stay in the area for a long time, and want to build equity, buying a home may be a good option. However, if you prefer flexibility, don't want to deal with property maintenance, or are unsure about your long-term plans, renting might be a better choice. Additionally, consider factors such as property prices, rental rates, and the potential for appreciation or depreciation in the area before making a decision," remarked one foreigner who made the move to Marine Parade.
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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