Imagine an exclusive neighborhood with tree lined streets, manicured lawns, spacious backyards and the privacy of having four walls to yourself. All of these come with buying your own Singapore Bungalow.
Everybody knows that land is expensive in the land-limited city state. Other residents, visitors, expats have to live in flats, apartments and condos. Living in a bungalow in Singapore exudes a particular luxury considering that there are roughly only around 1,000 good class bungalows located throughout Singapore.
Apart from exclusivity, buying Singapore bungalows are very good longterm Botany at Dairy Farm. Bungalow sales have fared well even during hard financial times in comparison to other housing projects and property values. Through the years, excellent financial gains have already been reported by bungalow owners who have decided to offer their properties.
Bungalow owners will also be enjoying the plot of land that accompany their properties. Good class bungalows should have the absolute minimum plot of 1,400 sqm. Thus giving owners and their families plenty of room to play and run around with. Another restriction for bungalow owners is that there has to be enough of grass and greenery across the property. This stipulation is to adhere to environmental laws that try to preserve the ambiance of healthy living amidst Singapore's urban jungle.
One of many advantages of shopping for and owning a bungalow is so it gives the owners lots of room for future extensions. Bungalows can be easily remodeled and renovated due to the large space available to owners. Extensions can either be described as a new wing or perhaps a new floor or perhaps a swimming pool. Due to the lot size allotted to bungalows, a garden can also be a very good idea. Improved and maintained bungalows can very quickly fetch higher resale values, another motivation for bungalow owners to care for their properties.
Singapore law states that only citizens can own landed property, including bungalows in the city-state. But there are always a large amount of bungalow owners who lease and rent out their properties to foreigners, companies, expats, corporations and even fellow citizens. This is another advantage of buying and owning bungalows because it is one of the more sought after properties for renting, rendering it a possible money making venture for its owner. Indeed, the existing rental on bungalows round the city-state averages in the 5 figure category.
