An Expat’s Guide to Luxury Condo Living in Singapore

Singapore is widely regarded as an ideal destination for expats seeking a high quality of life, thanks to its exceptional infrastructure, safety, and thriving economy. The city-state offers a seamless blend of modernity and cultural diversity, making it attractive to individuals and families alike. Moreover, Singapore's pro-business environment and low taxes make it ideal for property investment, with residents and expats alike eyeing condo new launch projects for their modern designs and strong growth potential.

Indeed, investing in luxury condominium living in Singapore means more than just a stylish home, but also a savvier financial future. For eligible expats in particular, buying a condo can mean securing both a luxurious lifestyle and a solid long-term asset in one of the world’s most stable real estate markets. If you’re an expat who meets the country’s eligibility requirements for owning property and plan to invest in luxury condo living in the Lion City over the next few years, here are some essential tips to help you make the most of your stay:

1) Choose the Right Neighbourhood

Selecting the right neighbourhood to live or rent in is key to enjoying both a solid investment and comfortable lifestyle in SG. Fortunately, Singapore offers a variety of areas suited to different needs and preferences.

For a vibrant, city-centric experience, Orchard Road has a variety of luxury condos near designer boutiques, fine dining establishments, and nightlife hotspots. If you prefer waterfront living with easy access to the Central Business District (CBD), then Marina Bay is ideal with its sleek, modern residences and breathtaking skyline views.

For a more exclusive, resort-like lifestyle, Sentosa Cove features sea-facing condos with private berths and beach access. Meanwhile, areas like Holland Village and Dempsey Hill are popular with families and expats seeking a laid-back, community vibe with nearby cafés and international schools. Exciting future developments will also take place in the historic Golden Mile Complex.

To make the best possible decision for your circumstance, spend time exploring different neighbourhoods first and make sure to visit at various times of the day to assess the atmosphere and noise levels of each area. Also take note of nearby amenities such as supermarkets, restaurants, and public transport options. The right location will ensure that you can enjoy both a high-quality lifestyle and better property value appreciation in the long run.

2) Understand SG’s Property Market and Regulations

Before investing, it’s essential for you to understand Singapore’s real estate regulations and market dynamics. For example, while foreigners are eligible to buy condos, they are subject to the Additional Buyer’s Stamp Duty (ABSD), which you’ll need to account for in your budget.

To avoid legal pitfalls, work with a reputable property agent familiar with the expat market. They can guide you through the buying process, negotiate on your behalf, and ensure you comply with local regulations. In addition, familiarise yourself with available financing options, including mortgage rates and loan eligibility for foreigners, to plan your investment in the most strategic manner.

3) Furnish Your Condo for Both Style and Functionality

Furnishing your luxury condo is an opportunity for you to blend elegance with practicality. For a seamless, high-end look, consider hiring an interior designer who specialises in luxury condos. They can help you achieve a stylish, cohesive space perfectly tailored to your preferences.

Smart, space-saving furniture is also worth considering, especially for compact condo layouts. Investing in sleek multi-functional pieces will enhance both the aesthetics and practicality of your condo, making your home feel more spacious and elegant.

4) Plan for Maintenance and Repairs

Keeping your condo in top condition is essential for preserving its value. Fortunately, most luxury condos have on-site management services that can handle common area maintenance and minor repairs. These services ensure the building and shared amenities remain in pristine condition.

However, for personal repairs or specialised fixes, you may need to engage private contractors. Ask your condo management for recommended contractors or use platforms like Helpling to find reliable cleaners, electricians, or plumbers. Also make sure to regularly inspect your home for wear and tear to address issues promptly, which will prevent minor problems from becoming costly repairs.

5) Make the Most of Condo Amenities

Luxury condos in Singapore offer world-class amenities, so be sure to take full advantage of them. Many developments feature infinity pools, gyms, concierge services, and recreational areas, while some offer private dining rooms, spa facilities, and wine cellars among others. These amenities are designed to level up your lifestyle and provide added convenience, making everyday living more comfortable and enjoyable. If these also afford you the opportunity to participate in condo-hosted social events, take advantage of them to meet fellow expats and build a network.

6) Consider Future Resale and Rental Value

Even if you intend to live in your condo for the long haul, it’s still wise to consider its resale and rental potential. Singapore’s luxury real estate market is relatively stable, but some neighbourhoods have stronger appreciation trends than others. Properties near MRT stations, shopping districts, and reputable schools tend to attract higher rental demand and better resale prices.

It’s also worth considering the unit layout and view. Higher floors, unblocked views, and unique features typically command higher values. In case you have plans to rent out a condo purchase in the future, properties with popular expat amenities and proximity to business hubs will be easier to lease.

Let the tips above help you choose the right location for your new condo investment and avoid potential pitfalls with your lease or purchase. With the perfect condo home under your name, life in the prosperous Lion City will become even more rewarding to you as an expat.

31 Mar 2025
Singapore Expats