Luxurious Places to Live in Singapore: How Much Do You Need to Reside in These Expensive Neighbourhoods?
Singapore is one of the most expensive countries across the globe to live in terms of the real estate market. There is a myriad of luxurious properties in the country in some of the poshest and high-end places. Some places like Hamilton Scotts have properties that cost up to S$8.4 million, which is among the most expensive places to live. Rental prices per month in the area are approximately S$11,750. In Singapore, the best neighborhoods cost a fortune, and with it is a strong housing market in residential and luxury sectors. Singapore is well connected in terms of infrastructure, so movement is easier, and its unique character and location define each posh area. Here are some of the best neighborhoods to live in.
Holland Village is one of the best neighborhoods and is considered to be a Bohemian locality to reside in. It is one of the most populous locations in Singapore with a mix of wealthy Singaporeans, upper-middle class, as well as expatriates. This area is preferred because of its proximity to Orchard area and downtown and to places like MacRitchie Reservoir and the Singapore Botanical Gardens. Despite being one of the most populous neighborhoods, there is still some electric feel at Holland Village because of the wide range of western restaurants, bars, and shops.
There are public and private housing estates as well as gated communities. Holland Village is close to art galleries like Dempsey Hill, Mediopolis, Biopolis, and Fusionopolios. The locality has some of the best and biggest hawk centers where some you can shop for hidden gems. A luxury apartment in Holland Village goes for between S$30 million to S$45 million.
This is a high-end neighborhood, and its ease of accessing amenities characterizes it. Despite the fact that the area is bustling with activity, the neighborhood is leafy and serene. Living around Orchard Road is advantageous because of the proximity to some of the renowned shopping malls. There is also a number of restaurants, businesses, cinemas, health facilities, hotels, and more in the area.
It is close to the Tanglin Club and the American Club with nice public transport to the CBD and the central Island Expressway. This region is one of the most expensive areas in Singapore, and rent is high. Rent for a two-bedroom per month is on average S$3,367 while a four bedroom costs S$7,443 per month. Luxury apartments here cost at least S$30 million. Last year a 10,300 square feet condo at Sculptura Ardmore in the central region sold for a whopping S$60 million.
For a long time, Tanjong Pagar was a middle-class neighborhood, but within the last few years, the area has been transformed by the arrival of high-income professionals and young couples. The area boasts some classical and beautiful shop fronts that give the area Malay heritage and giving the locality an attractive charm. The Neil and Keon Saik roads through Tanjong Pagar have turned the area into a hub of the growing cocktail and food culture in Singapore.
It is located close to the central business district, and it is home to ad agency suits and bankers. Its proximity to CBD makes commuting to work easier, and there are plenty of places to hang out after work, have brunch, or even go for a romantic date. The neighborhood offers a range of options as there is HDB housing where one can choose to live locally or live in the luxury condos. Among the prime properties coming up at Tanjong Pagar is Wallich Residence.
A luxury apartment in this neighborhood goes for around S$20 million. Rent for a one bedroom per month is on average S$2,867 while a two bedroom costs around S$3,617 and a three bedroom costs S$5,158 per month.
For someone with enough money that they can spare paying more for rent, Sentosa is the perfect luxury neighborhood to consider. It is famous as Singapore’s resort island because of the homes on the water and the luxurious condominiums as well as landed houses. It is a quiet and breezy neighborhood with a beautiful view of the beach, which makes it one of the best neighborhoods but be ready to pay more. The community has a neighborhood feel despite being a high-class resort which includes a golf course. The area plays host to Universal Studios Singapore theme park as well as numerous beaches.
Property on the beach goes for about S$1,800 per square foot, and for those with more limited expenses may afford apartments that have a view of the beach. Expatriates like buying property in Sentosa Island, but they have 15% tax versus the 3% that is normally paid by Singaporeans. A luxury apartment goes for at least S$25 million.
Marina Bay is an internationally recognized high-end neighborhood that attracts the wealthiest buyers in Singapore as well as affluent foreigners. The residential properties in this area are predominantly exclusive and luxurious. Marina One is the top developments in the area, and it comprises a cluster of four dual user stories that are ready for occupancy. It is one of the biggest public landscaped spaces with a huge green space known as GreenHeart that is multipurpose. The area boasts over 160,000 trees of more than 350 species.
Rent at Marina Bay is relatively high and one-bedroom costs S$2950 per month while a two-bedroom will go for around S$3,983 per month. Three bedroom and four bedroom apartments cost S$4,875 and S$8,589, respectively.
Tanglin is an established neighborhood, and it is host most embassies, which makes it one of the ideal places to reside in Singapore for expatriates. There is a variety of properties in this region varying from large houses with leafy gardens including a collection of black and white houses to low rise condos. The area has quick access to Orchard Road and has less noise than most places. Tanglin Village offers access to art galleries, indoor and outdoor furniture shops, restaurants, as well as cafes. Rent for a four-bedroom apartment starts from S$7,513, and the cost of a luxury apartment may cost upwards of S$30 million.