Real Estate in Bishan
Last updated on Nov 10, 2024
Summary: People living in Bishan, Singapore offer advice about real estate. How do you find a home in Bishan? Should you buy or rent? What is the cost of housing?
What is a typical expat home or apartment like in Bishan?
"A typical expat home or apartment in Bishan, is usually a high-rise condominium or an HDB (Housing Development Board) flat. These homes are known for their modern architecture and design, with clean lines and sleek finishes. The living spaces are often open plan, with a seamless flow between the kitchen, dining, and living areas. The bedrooms are usually spacious, with built-in wardrobes and en-suite bathrooms. The kitchen is typically equipped with modern appliances, including a refrigerator, oven, and dishwasher. Some homes may also have a separate laundry room with a washer and dryer. The bathrooms are usually modern and stylish, with high-quality fixtures and fittings. Most expat homes in Bishan also come with a range of amenities. These may include a swimming pool, gym, playground, and barbecue area. Some may also have a tennis court, sauna, or even a mini-mart within the condominium complex. The homes are often located close to public transportation, making it easy for expats to commute to work or explore the city. They are also usually within walking distance of local shops, restaurants, and schools, making them convenient for families. Despite being in a bustling city, many expat homes in Bishan are located in quiet, residential areas. They often offer stunning views of the city skyline or surrounding greenery, providing a peaceful retreat from the hustle and bustle of city life. In terms of decor, many expats choose to bring a touch of their home country to their Singaporean apartment. This could mean incorporating traditional furnishings or artwork, or simply choosing a color scheme that reminds them of home. However, the overall aesthetic tends to be minimalist and contemporary, in keeping with the modern architecture of the buildings. In summary, a typical expat home in Bishan, Singapore, is a stylish and comfortable space that offers all the conveniences of city living, while also providing a peaceful and relaxing environment to come home to," remarked one foreigner who made the move to Bishan.
What is the average cost of housing in Bishan?
If you are thinking about moving to Bishan, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Bishan 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 Bishan can range from SGD 1 million to SGD 2 million on average. Landed properties such as terraced houses or bungalows can cost significantly more, with prices often exceeding SGD 3 million. Please note that these are average prices and actual costs can vary based on factors such as property size, location, and market conditions," explained one expat living in Bishan, Singapore.
Should I buy or rent a home in Bishan?
If you have not spent a lot of time in Bishan, 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 Bishan depends on several factors. If you plan to stay in Bishan for a long time, buying a home could be a good investment. Owning a home allows you to build equity over time and could potentially provide a return on investment if property values increase. However, buying a home also comes with significant upfront costs, including a down payment, closing costs, and home maintenance expenses. It also requires a long-term commitment, and you may not be able to move easily if your circumstances change. On the other hand, renting a home in Bishan offers more flexibility. If you're not sure where you'll be in a few years, or if you prefer not to deal with the costs and responsibilities of homeownership, renting could be a better option. Renting allows you to move more easily, and it often comes with fewer upfront costs. However, when you rent, your monthly payments do not contribute to building equity, and there's always the possibility that your rent could increase over time. Additionally, you may have less control over your living space, as you'll need to get permission from your landlord to make certain changes. In conclusion, the decision to buy or rent a home in Bishan, Singapore depends on your financial situation, your long-term plans, and your personal preferences. It's important to weigh the pros and cons of each option before making a decision," remarked one foreigner who made the move to Bishan.
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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