Singapore, a renowned destination for vacations and studying abroad, attracts thousands of students and professionals from around the world each year. Today, numerous students from India have been admitted to Singapore’s highly ranked universities or institutions. As a global hub of education and innovation, Singapore has emerged as one of the most preferred destinations for Indian students seeking quality education overseas. While the country offers immense opportunities to students, it is also recognized as one of the most expensive places in Asia. This is where the cost of accommodation in singapore becomes a primary concern for the largest number of international students relocating to Singapore for their higher education.
Whether you’re a student or a working professional planning to explore or shift to Singapore for your higher education, you must figure out the housing expenses in Singapore, the cost of living in Singapore, the average rent in Singapore, and the accommodation cost in Singapore.
Why Is Accommodation Expensive in Singapore?
Before proceeding, let’s start with the basics of why housing expenses in Singapore are relatively high compared to other Asian countries. This is because Singapore has limited land resources, a high demand for housing, and a strong real estate market. Moreover, Government policies and zoning regulations also play a significant role in maintaining high property rates. Out of all this, Singapore offers housing options in various ranges, catering to different budgets and preferences.
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