What are the prices of houses in Singapore?

By |2021-08-05T19:59:21+08:00|News, Press Release for Condos, Real Estate|

Singapore is one of the world’s most popular tourist destinations, and millions of investors visit year after year for one reason or another.
If you are a foreign investor, you will most likely spend days or weeks in Singapore before returning to your home nation.
You might need to rent an apartment or stay in a hotel for several weeks or months at a time. (The cost of staying at a hotel might be quite high!)

Of course, everyone needs a place to live, and Riviere is one of Singapore’s newest developments.
Even if you live in Singapore, once your family size or status changes, you will require a new residence.
Nobody wants to spend their money on rent for the rest of their lives; thus, if you live in Singapore or plan to relocate there, you should be aware of the cost of housing in Singapore.

The average cost of a house in Singapore is discussed in this article – Condos, BTO Flats, Executive and private condominiums, resale flats, and so on are all included.

When you decide to buy your first home, you will likely face a lot of anxiety and confusion.
The challenge is always getting started, and you may not know how much it will cost to buy the house.
Don’t worry; this article will walk you through the steps involved in purchasing a new home in Singapore, as well as the estimated costs.

What are the expected costs when purchasing a home in Singapore?

When looking to purchase a new home in Singapore, keep in mind that the final price will be determined by a variety of factors, and you should ask yourself a few key questions.
The state of the house is one of these criteria.

    • Is this a brand-new home?
    • When was it constructed?
    • When was the last time it was renovated?
    • What amenities are in close proximity to it?

If the flats are adjacent to a convenience, such as an MRT station, the price is likely to rise.
As a result, depending on these characteristics, houses may be highly dear or very inexpensive in particular places.

As at August last year, the cost of buying units in Singapore without grants were as follows:

BTO Flats

(Yet to Mature)

BTO Flats


Resale Flats Executive Condo Private Condo
One room or Studio $420k -$560k $600- $700k
Two Rooms (Flex) $90,000 -$162,000 $137,000 – $277,000 $640k – $720k $800k – $900k
Three Rooms $164k – $248k $205k – $421k $350k – $380k $776k – $960k $970k – $1.2M
Four Rooms $253k – $381k $311k – $617k $420k – $550k $1.12M – $1.4M $1.4M – $1.8M
Five Rooms $405k – $516k $423k – $725k $520k – $700k $1.6M – $1.76m $2M – $2.2M
Three Generation Min. of $355k
Penthouse Average $1.9M Average $3M

What about resale flats?

If you don’t want to ballot or wait for a BTO flat, HDB resale flats are a good option.
To begin with, there’s no certainty that balloting for a HDB BTO flat would result in you receiving a unit in the estate.
Take it from these first-time homebuyers: BTO developments aren’t always in the buyer’s desired location, which could be a familiar neighborhood, close to their parents’ house, or close to school or job.

If you don’t want to waste time waiting or renting, HDB resale flats are a good option.
Even if you don’t receive the whole 99-year lease, practically new HDB resale units should have at least 90 years left, which is plenty.
However, assess whether the price you’re paying is reasonable in light of the remaining lease years.

You can also pick up the keys to HDB resale flats as soon as the purchase is finished.
This means you can get started on your renovations right away and move in swiftly.

If you’re not picky about the look of your property, you might be able to save money on renovations because the previous owner may have already done so.
However, if you have a specific concept in mind, a BTO (also known as a “blank canvas”) may be preferable, as hacking walls and removing existing structures from a resale unit can be costly.

Prices of resale flats

The HDB resale price index portal is a useful tool if you’re looking for a HDB resale flat and aren’t sure how much you should pay for a unit in your preferred estate.
You may search by HDB town, flat type, and resale registration date, as well as additional parameters like street name, block number, and even the price range of transacted resales.

Based on recorded resale applications, quickly verify the transacted prices for resale flats during the last two years.
The HDB resale price index portal is updated on a daily basis as well.

Condominiums and ECs

The price of private condos is shown in the table above, and it would be very pricey for condos close to premium facilities like Orchard Park (District 9).
Condos in the Orchard area are considered premium homes.

Riviere Condo by Frasers, for example, is a new premium home property located near premium facilities with prices ranging from $1.5 million to $5.3 million.
It comes in one bedroom, two bedroom, three bedroom (deluxe and Premium), and four bedroom configurations.

Fresh executive condominiums are typically 20% less expensive than older private condominiums.
The minimum occupancy time is five years, and once the executive apartment has been occupied for five years, the price difference between it and a private unit will be reduced to 9%.
In a few years, it will be reduced to 5%.

In conclusion, there is a 20% price difference between a new executive condominium and a private condominium.
In this example, the executive condo is less expensive, but the margin will shrink to 9% when the executive condo is between 5 and 10 years old.

What else will I have to pay for when it comes time to purchase my first home?

It’s critical to remember that you’ll be making the following installments.

  • If you’re taking out a private bank loan, you’ll need a 5% down payment.

Those who plan to finance their home with a private bank loan will be required to put down 25% of the total cost of the home as a down payment.
A minimum of 5% of the down payment must be paid in cash, and the remaining 20% can be paid in cash or using money from your CPF OA.
When paying for ECs, make sure you take out a loan from a private bank.

  • Everything must be legalized, hence you must pay legal fees for certain essential services, such as:
    1. Fees for conveyancing
    2. Registration costs are a caveat.
    3. Stamp duty for a contract

The conveyancing fees for the first $30,000 of the house’s cost are $0.90 per $1000, according to Singapore’s inland revenue department.
The next $30,000 of the property’s cost will incur a $0.72 per $1,000 transfer fee, while the remaining amount will incur a $0.60 per $1,000 conveyance fee.

  • Home insurance costs anywhere from $45 to $700 per year.
  • Accidents, fire, personal assets, and other risks are covered by premium insurance plans.
  • Property tax will be due, and it will be based on the annual valuation of your home, which is the amount you will receive each year when you rent out your property.

Important Disclaimer

As specified in our Privacy Policy, ‘Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.’

5 importants things to consider when visiting Riviere showroom

By |2019-08-14T21:54:05+08:00|Condo Launch and Preview, News, Press Release for Condos, Real Estate|

Whenever you step into any showrooms, the salesperson will surely tell you that the project is the best of the best and nothing can rival to it. With so many projects currently on sale in the market right now, it may be an uphill task even for a seasoned investor to be fully convinced that “it is the best property or condominium project” to buy right now. But is there a best project to buy?

If you have been visiting showrooms looking to park your money somewhere, or a place to stay for long term, and is feeling exhausted, it may be because you have not studied your own requirements closely enough. Addtionally, if you have a very wide requirement, where there are no specific requirements, and it all “depends” on a project, you may be susceptible to “emotion selling”.

In this article, no matter you are a seasoned investor, or looking for the first time, or looking for a long time with no specific requirements, we will aim to focus on the unique selling points and features of Riviere located in Jiak Kim. By featuring the unique points of this project by Frasers Property, it may help you to making a better and informed property buying decision.

Waterfront Properties

According to Global Waterfront Report by Knight Frank Property, which measures the premium a water property generates in key cities around the world, has shown has unlike in the past, owning a prime waterfront property has less to do with its transport or agricultural value, and far more to do with the lifestyle that it affords and iconic views that comes along with it.

The report has studied and shown that among the 4 waterside types of property (mainly, Harbour, Beach, River, Lake), River facing properties command a 36.8% premium over its counterparts comparatively. Riviere is literally wrapped around the bank of the river, thus having more than a single view of perspective for this project.


Water has also a global appeal, the river flow produces negative ions which boosts energy with research concluding that it has significant health benefits. Especially in Chinese or Asian buyers, water is more than a mood enhancer or view just nice to have. It plays an overly increasing role due to Feng Shui (shui translates to water), and this is one of the foundations in Chinese buyers decision making process.

Water is anonymous with food, growth, prosperity, and fortune. Which are all good things to have. But it is important that this water body be slow-moving. Not rapids-river speed, or stagnant pond of water. Riviere is also elevated above and water, and it also is positioned in a winding section where the pace of flow is slower. Fast moving streams are often avoided in the Feng Shui contect and that may suggest that wealth is rolling away.

Conservation Status of Riviere Facility

When Frasers Property took over the site at Jiak Kim Street, it has it eyes on the three conservation warehouse. With its address being 17, 19 and 21 Jiak Kim Street, it was built since 1919! This gives this triplet warehouse a history and heritage of 10 years! It achieved conservation status in 2014, with its previous owner bring Zouk Nightclub.

Conservation-status buildings in our small city state are by and large rare, and being able to own a part of history and heritage is a rare opportunity. This is not primary but it will only age fine and well, the older It is, then the rarer and more valuable it becomes.


In the property buying mantra we all know, its location, location, location. However in Singapore where the objective of our Government is to build enough MRT lines and stations such that 80% of our population is within 15 minutes walk, this mantra becomes even more important and pronounced!

What a better way to invest in a property that has an UPCOMING station? Great World City station is currently not open yet. As with historical trends, condominium apartments and projects usually enjoy and appreciation in price when the MRT opens its doors and become functional. This will be the right time to enter Riviere.

Mixed Development (Serviced Apartment)

Mixed development status projects are especially rare in Singapore. Within the prime districts of 3,8,9,10,11, there is only a handful that we can count. Most commons are likely residential-retail for example North Park Residences or Park Centris in Jurong. Riverwalk apartment can also be considered although its pretty old and its shops are specialty shops instread of the run-of-the-mill retail shops.

What is so special about Riviere is that its mixed development status is a partnership with a serviced apartment. WHAT! This is extremely rare, and we will expect this to help elevate the premium and value of Riviere.

The residents of Riviere can also enjoy the services of the Serviced Apartment! It already has confirmed that shared services for the concierge and housekeeping will be extended to the residents of Riviere. It also boasts a very affordable maintenance fees for such a new, big, iconic and beautiful project.

Riviere is now open for private viewing, if you are interested to come for a non-obligatory tour of the showroom, please register via the website or call 63879196 for our sales associates to attend to you.

Riviere Condo by Frasers: S$955.4 Million Bid to Secure Land Parcel at Jiak Kim Street

By |2019-02-02T12:44:02+08:00|Condo Launch and Preview, News, Press Release for Condos, Real Estate|

The parcel of lands located at Jiak Kim Street as well as the Fourth Avenue tenders was officially closed on 5th Dec Tuesday. In reference to the Urban Redevelopment Authority, the former received a whopping S$955.4 million top bid with the latter getting the highest bid worth S$552.96 million. The Jiak Kim Street land parcel would be developed to the newly announced Riviere Condo by Frasers.

The segment of the land found at Jiak Kim Street which was formerly occupied by Zouk night club attracted a totaling 10 offers from well financial oiled bidders while the prime land sitting at the famous Fourth Avenue was eyed by seven bidders.

These two segments of lands located at Jiak Kim Street as well as the Fourth Avenue were on 19th Oct 2018 as well as 2nd Nov 2018 respectively officially launched for public tender which attracted so many developers eyeing to acquire them for future developments. They were all provided for a 99 years lease sale. Among the bidders was

The prime parcel of land at Jiak Kim Street was successfully acquired by Frasers Centerpoint Limited making it the highest land price ever achieved based on square foot for government land sales at its name would change to Riviere Condo.

All Green Properties emerged as the successful bidder of the lucrative piece of land located at Fourth Avenue. This developer also managed to secure a freehold piece of lands located at Royalville as well as the Crystal Tower. Currently, the developer has set all its eyes on acquiring a site located next to Bukit Timah.

Before tendering the sites located at the Jiak Kim Street as well as the Fourth Avenue, they were listed as the reserve lands by the Government in the Land Sales department which had made them not for sale.

Christine Li, a director of research at a famous real estate firm Cushman and Wakefield, said, there was a rife contest for the prime sites at Jiak Kim Street and the Fourth Avenue, with both locations having a set benchmark price.

The successful bidders are looking forward to the appreciation of the land’s value to almost to ten percent which may see them yield big from their future developments. With this in their minds, they have not missed the ladder since all market players are expecting a significant rise in land prices with over ten percent. If this will come to pass, they will have a big return on the investment.

Tay Huey Ying, who heads research and consultancy at the JLL real estate agency, says, the key aspect is that the local developers should make sure that they are acquiring all the key sites located at the central district and keep off foreigners from such as CSC Land from China as well as Kashings Japura Pte Limited which is a Hong Kong mogul from acquiring sites in these prime areas of Fourth Avenue and Jiak Kim Street.

On 29th September and 31st October, the two sites Jiak Kim Street and the Fourth Avenue sites respectively applications for sales were allowed to go on by the URA.
The tenders are to be awarded to the appropriate bidder once the evaluation process is through.

Riviere Condo by Frasers project details have been since announced on the official site.