Tag Archives: studio apartment in singapore

Where in Singapore Can You Find Studio Apartments?

Studio apartments are HDB sponsored residential properties in Singapore. Singapore’s Housing and Development Board offers convenient and high-end home units to eligible individuals and families.

Studio apartments are located in areas in Singapore where entertainment, business and finance landmark establishments are present. This has made daily living convenient to many SA dwellers all over the city.

Horne Road, Singapore

Horne_road_singapore_apartment

Prominently designed walk-up studio apartments in Singapore for rent become available. Horne Road, from time to time. Studio apartment residents that wish to live better lives have found their homes in Horne Road.

Horne Road is known as one of the distinct village-like areas in Singapore. This road is the place where onlookers can find small cosy cafes, mini restaurants and modest lodging establishments, too. Studio apartment residents have found convenience in nearby Horne Road’s The Bravery Café, The Lighthouse Bistro and the Lavendar of Bugis Hostel. Intimate family gatherings and events dominate these outstanding landmarks in Horne Road.

Race Course Lane, Singapore

Race_Course_Lane_Singapore_apartment

Race Course Lane is a road located in adjacent to Little India. This road houses studio apartments that have been up for occupancy for a couple of years now. The studio apartment complexes in Race Course Lane cover various amenities. These amenities are those typically found in luxurious private condo properties in Singapore. Examples of these amenities are the following: swimming pools, in-house gyms, Jacuzzis, parking garages and 24-hour security services.

The neighbouring Little India is the top leisure and business destinations of many studio apartment residents in Race Course Lane. Authentic Indian culture is the feature that makes Little India stand out in Singapore. Indian locales in Singapore living in studio apartments have found their heritage’s roots in Race Course Lane.

Shanghai Road, Singapore

Shanghai_Road_Singapore_apartmentwww.BusinessLoanProvider.com

Shanghai Road is distinctly known for being the home of freehold studio apartments. Freehold apartments in Shanghai Road have been up for lease available to many home seekers. Just like the other studio apartments, these housing units cover the amenities typically found in elegant condos in the country. These amenities include gyms, swimming pools and Jacuzzis, among others.

This helpful guide is the one-stop friendly source to refer to when shopping for studio apartments and service offices in Singapore of various types. Studio apartments have revolutionised the way convenient lifestyles are lived in Singapore for the past decade. Thanks to the existence of these housing units, high-end living has been accessible to many residents in Singapore.

Are You Eligible To Buy a Studio Apartment in Singapore?

Buying studio apartments in Singapore lets Singaporeans and local residents avail of budget-friendly new homes.

Leasing a studio apartment for rent from a homeowner allows you to considerably save money without compromising the lifestyle that you desire.

If you’d like to avail of a studio apartment for sale in Singapore, though, you need to meet certain eligibility requirements.

Enumerated below are the eligibility requirements that you must meet before you’ll be permitted to lawfully buy a studio apartment in Singapore:

1. For Singaporean Citizens Only

Buying condo & studio apartment in Singapore is available for Singaporean citizens only.

2. Age Requirements for the Principal and Derivative Applicants

Principal studio apartment homebuyers in Singapore must be 55 years old and above when they file their purchase applications. If principal studio apartment buyers have supporting or derivative applicants accompanying their purchase applications, the following eligibility requirements must also be met:

– Principal buyers’ husband/wife, parents, brothers/sisters or sons/daughters

These derivative applicants must be Singaporean citizens or Singapore Permanent Resident Status Holders. They must be 21 years old and above.

– Derivative Purchasers Not Mentioned Above

Applicants must be Singaporean citizens. They must also be 35 years old and above.

3. Inclusion of Husbands/Wives As Derivative Applicants

It is mandatorily required under the law that you include your husband/wife in your studio apartment purchase application if you’re married.

If you’re unmarried, you can still file a purchase application for a studio apartment in Singapore on your own.

4. Sufficient Income

The principal and derivative applicants that intend to own studio apartments in Singapore must each have a monthly income of not more than SGD$10,000 in gross amount.

5. Other eligibility requirements

– If you partially own a flat provided by the Singapore’s Housing and Development Board, you need to surrender such ownership within the 6-month time frame from the time you purchase a studio apartment.

– Before you can purchase a new condo launch or studio apartment in Singapore, you must surrender all private property ownerships of all types.

– If the any of the applicants are owners of the following properties, these applicants may also file applications to own studio apartments:

– HDB provided flats.

– CPF Housing Grant Scheme Resold Flats.

– Developer Sold DBSS Flats.

– Developer Sold Executive Condominiums in Singapore.

Other conditions govern these requirements, find out more by going to HDB Singapore’s website.

If you meet the eligibility requirements stated above, then you’re well underway to purchase your very own studio apartment in Singapore. Avoid wasting time and efforts. Assess your qualifications carefully before you file an application to purchase an SA in the country.