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Singapore : Property in Singapore is expensive, whether you are looking to rent, buy your first HDB or upgrade to a private property. Recently, the government has introduced measures to cool the property market, which are expected to benefit HDB properties and could make private properties more affordable. However, it will still be very difficult for people to upgrade from HDB flats to a condo. Beyond the exorbitant purchasing costs, condos come with a plethora of other costs that can amount to thousands of dollars more than what you would pay for an HDB flat. Below, we explore the most common hidden costs of owning a condo in Singapore and how it compares to owning an HDB flat.
