Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/223263
Title: SATISFACTION OF EXPATRIATES ON THE AFFORDABILITY AND MANAGEMENT OF PRIVATE RESIDENTIAL PROPERTIES IN SINGAPORE
Authors: CHONG ZHEN KUANG JOSEPH
Keywords: Real Estate
RE
Wong Khei Mie Grace
2015/2016 RE
Issue Date: 7-Jan-2016
Citation: CHONG ZHEN KUANG JOSEPH (2016-01-07). SATISFACTION OF EXPATRIATES ON THE AFFORDABILITY AND MANAGEMENT OF PRIVATE RESIDENTIAL PROPERTIES IN SINGAPORE. ScholarBank@NUS Repository.
Abstract: High standards of living is prevalent in Singapore. In 2015, the country was ranked the most liveable city in the world (ECA International, 2015). Luxurious living spaces became prevalent in both central and suburban areas of Singapore, testing developers and managements’ capability to uphold standards. Proposed in 2013, the Population White Paper indicated an influx of expatriates in order to sustain a dynamic workforce. Amidst rising living standards and information transparency, managements need to examine deeper to understand Singapore expatriates’ tastes and preferences in accommodation. Hence, expatriates’ satisfaction levels on multiple aspects of a property were investigated. Information from Real Estate Agencies were gathered to provide additional knowledge to complement findings, providing solutions across different private residential developments. It was identified that expatriates value prestige more than amenities desired and they did not mind staying in suburban areas where prestigious accommodations can be found. It was suggested that “Middle Management” expatriates are staying further away from the City Centre. In the Core Central Region, more accessible amenities that include groceries were recommended to provide a more convenient lifestyle for expatriates. It was found that “Middle & Senior Managements” expatriates aspire to enjoy enhanced facilities and better living environments. Findings also revealed that Singapore expatriates spend sufficient time to seek a suitable accommodations and they find the rentals acceptable. The overall satisfaction results of the four aspects of accommodation were above moderate satisfactions notwithstanding room for improvements. Recommendations in this paper aim to improve and sustain the liveability of the built environment for Singapore expatriates. Further, the information could help industry players enhance the business of their properties.
URI: https://scholarbank.nus.edu.sg/handle/10635/223263
Appears in Collections:Bachelor's Theses

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