Menu Close

Month: August 2015

Best Areas for Expats to Live in Singapore

The lifestyle of an expatriate determine where he would like to live. Also, the distance from the work place, the family, accessibilities and priorities are other considerations. There are 28 districts in Singapore which are categorised in to Central, East, West, North and South.

It is a tiresome task to hunt for an appealing Singapore property. You want a location with good food, malls, plenty of culture, scenic areas. The sites below get you started on your search:

Orchard

Orchard has so many outdoor locations despite being a quiet place. Many facilities are within reach in this leafy scene. Its position is central although the prices are slightly higher than other areas. There is an overabundance of shopping malls and this area is a buzz of activities. There are several restaurants, cinemas, hotels and beauty services

Holland Village

Holland Village has a great atmosphere, plenty of restaurants and other facilities. There is a shopping centre that has jewellery and fashion. There are many cafés, hawker centres, health and beauty outlets, restaurants and bars.

Novena

Novena is easily reachable through the Pan-Island Expressway. It is close to the city centre and the MRT with a great array of houses. You also find high-rise condos in this area. This area is lively and has restaurants, shops and seafood joints.

Robertson Quay and Mohammed Sultan Road

Robertson Quay and Mohammed Sultan Road is appealing to single Singapore expats who prefer the city life. There are restaurants, bars and a vibrant nightlife. There are massive residential areas on Mohammed Sultan. You further find condos in Singapore’s Robertson Quay that face the river.

West

Bukit Timah Nature Reserve

This area is convenient and has a great public transport system. The Canadian International School Is also close, and so are a number of condos in Singapore and detached houses. There are a number of shopping malls and bird parks.

Sentosa

There are many fashionable houses that are along the beach in Sentosa. There are also facilities such as a golf course, outstanding restaurants and countless entertaining activities. It also has one of the prime malls in Singapore-Vivo City.

Faber Park

Faber Park has spacious housing and a huge number of Singapore expats. It is a friendly neighbourhood which is accessible. There are parks in this area and an excellent sea view. Schools such as the Tanglin Trust School, UWC, Dover Court and ISS are in the area.

North

Woodlands

Woodlands has expansive housing that is also affordable. It is close to the Singapore American School and has a suburban feel. There are malls, cinemas and restaurants in this area.

Central

Thomson

Thomson Road has very nice parks and gardens. The houses are progressively cheaper towards the north and have huge spaces. Access to this location is through the Central Expressway.

Braddell

Braddell has alluring family houses that also have gardens. It neighbours the Australian International School and the French School of Singapore.

Serangoon

Serangoon is a quite area that has airy condos. It has an excellent public transport system like the Serangoon Bus Interchange and the Serangoon MRT station. It also has a number of good restaurants and has quick access to other parts of the island.

East

East Coast

Expats have been residents of the East Coast area for a long time. This location has roomy yet cheap condos in Singapore. There are many entertainment facilities, innumerable seafood restaurants and an invigorating sea breeze. It is close to Changi Airport and is easily served though the ECP and PIE motorways.

Katong

Katong allows Singapore expats to blend with the locals. It is a bright neighbourhood that has shop houses, intriguing shops, karaoke bars and local hawker stalls. There are other facilities at the East-point Mall and Parkway Parade shopping centre.

North-East

Seletar

Seletar has a wide selection of housing in this area. You also find houses with gardens here. This area is made-up of Upper Thomson locations such as the Lower Seletar Reservoir. It is also close to the American School and Seletar Airport, where you find chartered flights.

Bill Gates Mansion – Because too much is Never Enough

Bill Gates is the co-founder of Microsoft and is the world’s richest person. He is also an inventor, philanthropist, business magnate, investors and computer programmer. Gates has an estimated net worth of about $76 billion dollars. His wealth is so vast that he could literally buy most third world countries if they were up for sale. With this kind of wealth at his disposal, Gates has managed to build a 66,000 square-foot structure in Medina, Washington. This structure is not another company for Gates nor is it a building for doing business. This is Bill Gate’s luxury property and his home is considered one of the most expensive places to live in all of America.

In 1988 Gates purchased a lot for $2 million dollars in Medina, Washington near Lake Washington. This location was going to be the site of his new home. He then sanctioned the building of his house which took seven years to construct. His home was completed in 1995 and after it was finished he named the structure Xanadu 2.0 after the title character’s estate from the book Citizen Kane. His home cost $62 million to complete.

A total of 300 workers were needed to construct Gates home and the project was overseen by an architect named James Cutler. Two other architect firms were also involved in the process. The firms are Bohlin Cywinki Jackson and Cutler-Anderson of Bainbridge Island. At least 100 electricians were needed to wire the home. Gate’s home is now worth $154 million dollars. Every year he has to pay at least $1 million in property taxes.

From the outside Gate’s home looks like a huge wooden cabin that protrudes from a side of a mountain. Actually, most of Gate’s lodge styled home has been built into a hill. This is one reason why his house looks smaller on the outside than it actually is. Apparently, Gates wanted his mansion to have a rustic look and a cabin lodge effect. Do not be deceived by this design style. Gate’s home is a huge structure that would literally make a person’s jaw drop once they see it from the outside and from within.

 

Once again, Xanadu 2.0 (Gate’s home in case you forgot) is situated on the shore of Lake Washington. Since it does, it has a docking area that is set up on the shoreline of his estate. This docking area is able to accommodate a small fleet of boats and/or yachts. Gates created a small beach area that sits next to the docks. He imports sand from St. Lucia every year. The Caribbean sand helps to make his beachfront property more authentic in terms of being a real beachfront area.

There are a few garages that are built around the Xanadu 2.0. Reportedly, these garages can hold up to 23 cars all together. One garage could supposedly contain 10 vehicles alone. His driveways have heated floors. There is also a 60-foot swimming pool with an underwater music system. Sources claim that people can swim underneath the pool’s glass wall and come out into a terrace area. He has even built a 20 foot tall room that supposedly houses a trampoline. An activities building also sits out on his property as well. Gates had to have an artificial stream created to deal with rain and snow water from his property. This stream has also been stocked with fish.

His property also has a guest home that is similar to the main house. This guest home has 1 bedroom and 1 bath and it was the first structure built on his estate. Gate’s lived here while the rest of his home was being completed. He also has a 2,500 square-foot gym facility built on his property. His home is designed to use its natural surroundings to keep heat trapped inside. This feature saves him a lot of money on his heating and cooling costs.

The inside of Gate’s home is something to get excited about. When a person enters Gate’s home they are given pins that interact with sensors that are located all over the house. The pins can be used to control heat and to control music from the walls. The music will trail people as they move from one room to the next. Gate’s also uses monitors to display art but he has his system set up so that the pictures being displayed can instantly changed if a person desires to see something different. The pins can also be used to change the lighting within rooms as well. Gate’s has hidden cameras all throughout his home and even in the stone walls. This is for security purposes.

There is a reception hall in his house that is able to seat up to 200 guests. He has 24 bathrooms and 10 of those are full baths. There are six kitchens and he has fully stocked wine cellar. A personal library has been built into his home and it houses thousands of books. Gates also has a home theater that is able to seat 20 people and it comes complete with a popcorn machine.

The description given here is only a small sampling of Gate’s magnificent home. There is so much more that his house has to offer that it could literally fill up a book trying to describe it all. Ultimately, Bill Gates mansion is a home that reflects his status and his personal style.

 

What Should You Spend On A Condo

Taking into consideration the recent real estate crisis, buyers must be able to take note and not overstretch their finances when buying real estate property. The money one is supposed to spend on a condominium unit is a function of two condo price guidelines:

  • How the unit will be used
  •  How much the buyer can afford

Mortgage financing has restrictions put in place to limit Banks’ risk probability and avoid buyers getting in over their heads. The Mortgage industry has increased the amount of down payments and applied tighter restrictions concerning qualifying for a mortgage; this limits the amount, which buyers will look to get.

There are two condo price guidelines when it comes to what you should spend when buying a condominium:

  • The general rule of thumb, one can only spend 30% or less of his/her gross income on housing costs including insurance, mortgage, property tax and condominium fees. Spending less than 30% allows you to improve your living standards.
  • Spend no more than 36% of income on total monthly debt payments. This means if you have more non-mortgage debt, the less likely you can afford a mortgage. Multiply total monthly income with 36%, deduct total debt payments and this is the amount that can be spent on housing.

Buyers are to consult qualified real estate attorneys or tax specialists on real estate decisions, especially those who plan to use the property as an income producing investment, since certain expenses are tax deductible.

© 2017 Booneez. All rights reserved.