If you are looking to live abroad, Singapore is a country worth considering. The truth is, Singapore provides astonishing business opportunities for expatriates. Whether you are running your own business or seeking for a job, the business environment will be favorable for you. Aside from that, Singapore has a low tax rate. This means that individuals are required to pay a nominal tax rate.
Without a doubt, your family will enjoy what Singapore has to offer. However, the challenge will be choosing the ideal area to settle down. There are many areas you can consider – Tiong Bahru, Holland Village, Tanjong Pagar, Sentosa, Geylang, East Coast, Woodlands, and Bukit Timah where Mayfair Gardens is located.
Many expats consider Bukit Timah because of its vibrant scene. The best part is you see nature just outside your front door. Here are other reasons why you should move to Bukit Timah:
The median home rent per month is cheaper than others
If you decide to rent a studio or 1 bedroom, average rent per month is SGD 2,400. For 2 bedrooms, average rent per month is SGD 3,250. For 3 bedrooms, the average rent per month is SGD 4,750. For 4 bedrooms, the average rent per month is SGD 8,000. Other properties outside Bukit Timah are more expensive.
The median home price is cheaper than others
There are restrictions when it comes to foreigners owning properties in Singapore. This is the reason why you need legal help before considering a property. Generally, apartment buildings and condominium projects do not have restrictions on foreign ownership.
If you decide to buy, you should know the average home price. For a studio or 1 bedroom condominium, the average home price is SGD 1.02 million. For 2 bedrooms, the average home price is SGD 1.7 million. For 3 bedrooms, the average home price is SGD 2.3 million and for 4 bedrooms, the average home price is SGD 4.4 million.
Establishments around the area
Around Bukit Timah, there are around 174 restaurants, 15 grocery stores or markets, 1 bank, 28 nightlife choices, 43 fitness choices and 136 shops. There are also many schools in the area including international schools. Bukit Timah is good for couples without children, retirees, nature lovers, families, and professionals. Like other areas in Singapore, Bukit Timah is safe with the average crime rate.
CBD (Central Business District) is 9.8 kilometers away from Bukit Timah. By transit, it will take you around 40-50 minutes but by car, it will take you 15-45 minutes. Changi Business Park is 22.6 kilometers away from Bukit Timah. By transit, it will take you 80 minutes but by car, it will take you 25-50 minutes. Jurong International Business Park is 7.5 kilometers away from Bukit Timah. By transit, it will take you around 50-60 minutes but by car, it will take you 10-25 minutes. Tuas is 26.3 kilometers away from Bukit Timah. By transit, it will take you 110 minutes but by car, it will take you 30-60 minutes.
Bukit Timah is a good place to stay if you do not want the hustle and bustle of the CBD. It is considered the highest point in Singapore. With this, you will see native tropical greenery and rainforests.