Thursday 23 May 2013

Cost of a house in Singapore compared to other countries

Singapore, as we all know, is a tiny island that barely appears on the world map. This means a lack of land, which causes house prices to skyrocket. So how much does a normal HDB (flat) cost in Singapore?

A regular flat, also known as HDB in Singapore, is a public government housing. Do bear in mind that the lease for the flat is only 99 years. Technically, this means that you do not own the house that you bought with the whooping sum, and you are "renting" the place for 99 years. Out you go on the 100th year.

The average cost of a new five room flat is between S$310,000 to S$380,000. Do note that this price does not include the extra taxes and stamp duties. And guess the floor size of such housing? A measly 112 square metres. Seriously, is this a sardine can or a house?

So not really owning the house, hefty amount, laughable floor size; now lets take a look at how much the same amount can buy you elsewhere:

1. A 1 hectare home in Arizona, USA


Kindly pardon my lack of knowledge, as I actually did a Google to see how many square metres does 1 hectare equates to. Or rather, such a term  for land size seems will never appear on a Singaporean's dictionary.

This house in Arizona has four bedrooms, two bathrooms and it is about 268.6 metres. This size is only the size of the house, not the plot of land. There is even a den, separate from the house, big enough to be a fifth bedroom, where you can consider rearing a lion or two. They can source for their own food, and it will be months before the corpses will be found (if there is any remains)

Price: S$356,500

2. The Old Parsonage Bed & Breakfast in Maitland, Canada .


And you can say goodbye to your boss who goes rattling non-stop, the stack of papers that an ant may take three-generations to reach the peak, and the inhumanly long working hours in Singapore.

Grab a book, laze in the sun and get passive income by running this place as an inn. Say hello to doing nothing and getting passive income, goodbye to slogging your life off to pay a 30-year bank loan to a house that you never actually own. The floor space is 337 square metres, and the actual plot of land is 1,636 metres. Is this home for a herd of wholly mammoths?

Price: S$342,800

3. Cotes-d'Armor in Brittany, France


Or maybe you are more of a person who loves nature, serenity and tranquility. No problem.

This stone cottage is sitting on a land plot of 2,950 metres. 2,950 metres!? Can someone advise me if what are the licenses I need to build my own airport?

Price: S$207,561

Ok come on folks, Singapore does have bigger housing. The famous Sentosa Cove. 780 square metres prime land of the country. For a jaw-dropping S$28 million.

Nuclear Proof Submarine Base in Norway



For the same amount, you can get a Cold War era submarine base spanning 15,000 metres. You might need a motorbike to get a drink in the kitchen. And pray hard that you don't need to go to the toilet in the middle of the night.

Now lets not even go to the prices of cars in Singapore.

No comments:

Post a Comment