Let’s face it, us guys want to have our very own bachelor pad so we can live the dream of playing video games in our underwear. Isn’t the freedom of not having to answer to anyone liberating? Unfortunately, it’s not that easy to get your own place in Singapore these days thanks to the sky high prices.
According to market research by Morgan Stanley in 2018, Singapore was ranked as the most important property market in ASEAN. This means that property prices are expected to rise, which does not bode well for the those of you who are single and ready to mingle.
Luckily, ValuePenguin has done a comprehensive analysis of what the cheapest and most expensive places to live in are, so read on if you’re thinking about moving soon.
Most Expensive Vs Cheapest
Overall, the 5 most expensive homes ranged from S$70 million to S$110 million. You can expect these houses to be generally bigger, newer, or fancier in some way to justify the high price.
In comparison, the 5 cheapest residences typically cost around S$188,000 to S$210,000.
Assuming you’re not sitting on a pile of money and can easily afford a house in Tanglin or Bukit Timah for example, you’re probably gunning for a cheaper, older, and smaller place (think of it as cosy). Aiming for properties in Harbourfront, Telok Blangah, Admiralty, and Woodlands would be your best bet for an affordable man cave.
However, if you’re looking at price per square foot, then you may want to consider a place in Dairy Farm, Bukit Panjang, and Choa Chu Kang. They may not be one of the 5 cheapest, but they have the lowest price per square foot at S$350.
But not everyone has that much money just lying around. Most people will need to get a bank loan in order to pay for their house. With several different types of loans available out there, it’s best if you do a thorough comparison before you make a move for anything first.
So there you have it. You’re now one step closer to owning a place of your own. It may not be the biggest or newest place, but at least you’ll have your own private sanctuary to walk around naked if you choose to. Just remember to close your curtains first.
By Gilbert Wong, Men’s Health Content Producer