How Many Condominiums Are There in Singapore?
As of the last comprehensive data update in September 2021, there were over 10,000 condominium developments in Singapore. The exact number may have changed, given the continuous construction of new projects and the occasional demolition or repurposing of older ones. The Urban Redevelopment Authority (Urban Redevelopment Authority, URA) of Singapore maintains a comprehensive database of all private residential properties, which can provide the most specific and up-to-date information on the number and characteristics of condominiums in the country.
Understanding the Singaporean Condominium Market
The market for condos in Singapore is diverse and complex. Condominiums in Singapore can be classified into a variety of categories, each with unique characteristics and appeals. From highly sought-after prime locations to spacious and affordable options, there are condo projects to suit every buyer's needs and budget.
Examples of Notable Condominium Projects
Seneca Residence
Situated in the prestigious Bukit Timah area, Seneca Residence is a freehold luxury condominium. Its spacious units and premium facilities make it an ideal choice for upscale residents. The development stands out with its exclusive appeal and modern amenities, drawing buyers who desire a high-end living experience in a prime location.
Tenet Tampines EC
Located in the bustling Tampines town, Tenet Tampines EC is a versatile condominium offering affordable yet spacious units. This development provides residents with a range of amenities, making it a popular choice among families and young professionals seeking value for money and a comfortable living environment.
The Landmark Condo
Located in the prime District 3, The Landmark Condo offers luxurious and exclusive living. It is positioned in an area renowned for its prime urban location, offering excellent connectivity to the city and all its amenities. This development is perfect for those who value high-end living with modern conveniences.
North Gaia EC
Situated in the scenic Woodlands area, North Gaia EC is an upcoming project that promises to offer a tranquil living environment. With easy access to both nature and urban amenities, this development is an ideal choice for buyers seeking a balance between nature and city life.
Terra Hill
Situated in the sought-after Kew Drive area, Terra Hill is a freehold residential development offering stylish and contemporary units. The lush greenery and serene living environment make it a popular choice among buyers who value a premium living experience in a convenient location.
Hill House
Located in the prestigious prime District 11, Hill House is a prestigious freehold condominium. Its spacious and luxurious units, combined with excellent accessibility and convenience, make it an ideal choice for those seeking a high-end living experience in a prime location.
Exploring the Singapore Property Market
To get a more detailed understanding of the current state of the condominium market in Singapore, you can visit the official Singapore Property website and search for properties for sale or rent. Another valuable resource is the Singapore Statistic Office, where you can find a range of data and reports on private dwellings that are not government-built HDBs (Housing and Development Board apartments). According to a recent report, there are approximately 330,000 privately owned homes in Singapore, with about 72,000 of these being houses.
Conclusion
The condominium market in Singapore is dynamic and continuously evolving. With a wide variety of options ranging from luxury developments in prime locations to affordable and spacious units in bustling towns, there is something for everyone. Whether you are looking for a high-end living experience or a more affordable option, the market offers a diverse range of choices. Stay informed and explore the latest condo projects to find your ideal living space in this vibrant city-state.