Real Estate Lingo in Singapore
For Singapore, it is easy to determine the terms utilized in property deals. All of the terms reflect a widespread use English in the world of connecting as well as this singular usage has actually caused a highly created real estate lingo which has actually united the 4 primary racial groups into a harmonious whole. This is reflected in the dynamism of the city state’s real estate landscape.
The specialists of property
In Singapore, professional names and also terms are accorded their appropriate area in realty deals.
In relation to realty terms utilized, there is no question that ethnic groups do have their very own terms in their own various languages, but these have actually mainly failed in establishing a niche so regarding enter into the property parlance.
Making use of English terms in the real estate environment is primary.
Residential property Kinds
Semi-detached – 2 homes that share an usual wall, yet maintain separate gardens.
Connected home – 1 of 2 landed houses signed up with to the various other by a typical wall separating their cars and truck verandas. The typical wall is the side wall of the two auto porches.
Terrace homes – These are homes that are taken part a row that often have actually a led or grassed garden. Bigger variations of this type may have a pool, play area or gym.
Corner balcony – This is a landed residence located at the end of a row of terrace residences that occupies a bigger area of land contrasted to terrace homes.
Maisonette – The maisonette is a building with a 2-level residential device within. The adjoining floors are linked by an internal staircase leading from the ground to the top floor.
Shophouses – A shophouse is a heritage for Singapore’s past that consists of a shop area below and living quarters over. Lots of have actually been restored to improve initial functions and also tiling. They have little outdoor areas but contain interior yards as well as are found in the central as well as eastern part of the island.
Detached homes – These homes are basically bungalow-type structures that may be solitary, dual or 3 stories high.
Black and also whites – Like shophouses, these structures are a reminiscent of the British colonial age and were made use of to suit air, land and also management workers. They vary from small terraced homes to palatial residences raised on stilts. Numerous have massive yards as well as servant quarters. They can be allow however without a/c, fans and also bed linens, which a purchaser has to purchase from previous lessees.
Cul-de-sac house – A landed house situated at the end of a big dead-end roadway where a turn-around roadway has been built.
Duplex House – A 2-storey building that contains a residential unit on the first floor and a second residential unit on the second floor. Residents share the same land and an outside stairway connects the first floor residential unit with the unit above it.
Townhouse – A ground-level residential unit joined to a row of 3 or more residential units that have common ownership of theland.
Cluster housing – This type of residential unit is a cross between landed and condominium housing. All the houses are built at ground level and residents share facilities like those found in condominiums. Cluster housings have Strata Titles.
Apartments – An apartment can range from studios to large, 5-bedroom flats that can occupy 1 or 2 floors of a building.
Condominiums – Condominiums are also referred to as condos, Ready Home Condo Singapore which, apart from providing rental accommodation, also provide facilities such as a gym, tennis court, function room, pool and sometimes a small shop.
Penthouses – These are less common rental units that offer private outdoor living with colossal views available. Many have their own “Jacuzzi” whirlpool baths.
Other terminology
Co-broke deal – A situation where more than 1 agent liaises between a landlord or owner and several tenants.
Empty furnished or non-furnished – This highlights a residential unit that is provided without any furnishings except for kitchen space, faucets and light fittings.
Fully furnished – A residential unit or house that is fitted with common furnishings such as a refrigerator, washing machine, television set, furniture, wardrobes, beds, mattresses and similar furnishings and appliances.
Partially furnished – A partly furnished unit or house is fitted with only some and not all the more common furnishing items.
HDB – This is an abbreviation of the Housing Development Board, which is totally responsible for all public (government) housing in Singapore.
HDB flats in Singapore are units provided by government to house its citizens. They can rent their flats or sublet bedrooms to permanent residents, non-citizens, students or people holding a work permit. There are restrictions and these must be checked out first before any commitment is made.
N-bloc or Enbloc – to the sale of an estate by a majority vote of the owners to give way to a new estate. For development of less than 10 years old, a 90% majority vote is required, but for development of 10 years old and more, only an 80% majority is required.
Strata title – Multi-level apartment units are divided into separate levels, or “strata”.
Top – A “Top” refers to a temporary occupation permit. A unit that has been labeled as a “Top” unit means that the unit is ready to be occupied.
Common room – This term refers to a living room area within the same HDB apartment or house. It is usually shared by other occupants living in the same apartment or house.
Master room – A separate room within the same HDB apartment or house that is available only to the person paying rent. It is usually partly or fully furnished with the full range of amenities and appliances. The quality of the master room is reflected in the rental price charged.
Pax – Commonly used by agents and landlords when referring to tenants living in rental units, the term was originally used by the travel industry, which referred to passengers.
Leasehold – The right to own real estate for 99 years or the right to own property for 999 years, a version of the first leasing type.
Freehold – The right to own land in perpetuity or without any limit to such ownership.