A small apartment of 45 square meters
By scheng1
@scheng1 (24649)
Singapore
December 6, 2015 1:34am CST
Do you know how much a small apartment of 45 square meters will cost in Singapore?
The answer will surprise you because such a small apartment is very costly.
If you can buy direct from the government, you pay more than a hundred thousand for such a small apartment.
You have to renovate the apartment before you can move in. The new apartment will not have lights, and other fixtures.
If you buy resale, you can pay nearly three hundred thousand dollars for such a small space. If you buy from private property developer, be prepared to pay half a million dollars.
It is hardly enough for a single person to live comfortably. It is hard enough to imagine how a family of three can squeeze into such a small space.
2 people like this
3 responses
@pgntwo (22405)
• Derry, Northern Ireland
6 Dec 15
Accommodation is at a premium in Singapore, it seems.
So what are the options for a family of 4? Does it mean moving across the causeway into Johor? Does that complicate things, as then you're living in Malaysia and not Singapore?
1 person likes this
@scheng1 (24649)
• Singapore
6 Dec 15
It definitely does not work this way.
We have to use a passport to get into Malaysia, plus the schools there are in Malay language.
Both parents will have to work in order to support the whole family.
In fact, in Singapore context, many people are working into their 70s or 80s.
The only way to pay for a subsidized public apartment is to get 30 years housing loan.
A 2-bedroom subsidized flat still cost more than S$200,000. If both of them earn an average of S$1500, and take home $1200, they can afford to pay off the mortgage in 30 years.
1 person likes this
@marguicha (230349)
• Chile
13 Dec 15
Some places, like Singapore, are a lot more expensive than what we pay where I live although now we are paying more for the land. Apartments are less expensive than houses here.
1 person likes this
@TypicalRussian (747)
• Budennovsk, Russian Federation
6 Dec 15
I bought my 35 m2 flat in the rural area for 28000$ 5 years ago. Now, because of weak rouble rate my flat costs 17000$ and it makes me sad, because i won't be able to buy similar flat abroad in case of my emigration
1 person likes this
@scheng1 (24649)
• Singapore
6 Dec 15
It is better to stay in your own country and build your wealth.
There are many rich people in your country.
You just have to learn the lessons from them, and get rich the way they get rich.
Singapore is an extremely expensive country though the income has not increased much over the years.
1 person likes this
