Retirement is a tough choice to make. But irrespective of everything, these have to be the best years of your life. You would be free from the stress of your work and would have all the time by yourself to spend in solace and with your friends and family. You could give them back the years that you have missed previously. You could spend it nonchalantly on a farm far away from the hustle and garden and drink wine and join clubs and go golfing. The problem is that no one can ever put down a checklist of retirement and hence never teach you the “right way” to retire. But, here we have a list of the places to stay and retire in Singapore. So, irrespective of what you do, at least your location would be sorted.
Why should you retire in Singapore?
In Singapore, you are offered the best of world-class healthcare services, which is very important in old age. The crime rates are extremely low, and it is one of the safest places, so rest assured, that you are safe at all times. The cleanliness here is commendable and so baffling at the same time. The public transport system is extremely efficient, so you do not have to worry about purchasing a personal car. It has pretty expensive real estate, but at the same time, you are given a good standard of living. The constant summer weather here is a godsend and soothing.
Here is a list of the best places to stay and retire in Singapore-
1. Tiong Bahru: Best Historic Place to Stay and Retire in Singapore
The retro charm of this rich heritage place is fantastic. The city is planned and designed in a manner that makes it interlock in a horseshoe shape and encloses a community centre. It is a nice escape from the skyscrapers and is only 15 minutes away from the city centre. They have elegant vintage details like covered porches and intricate window gates. The last ten years have brought about a revival in artsy shops and hip cafes, so much so that it has been called Singapore’s Brooklyn.
- Monthly Rent: $1250
- Property Purchase Cost: $4,500,000
- Air Quality: Good
- Cost of Living: High
- Health and Safety: Good
- Climate: Moderate
- Connectivity: Good
- Traffic: High
- Public Transport Facilities: Good
- Life Quality Index: Good
2. Holland Village: Best City to Stay and Retire in Singapore
One of the most popular areas among ex-pats for its central location, Holland Village is close to both the downtown and the orchard areas and Singapore Botanic Gardens and MacRitchie Reservoir. It holds a very eclectic feel with a large number of bars and shops. One of the most famous art and dining enclave, Dempsey Hill, is within walking distance, and so is Biopolis, Fusionopolis, and Mediapolis. You will find a large number of housing options here, including HDBs, condos, bungalows, and landed houses.
- Monthly Rent: $2200
- Property Purchase Cost: $3,164,000
- Air Quality: Average
- Cost of Living: High
- Health and Safety: Good
- Climate: Moderate
- Connectivity: Excellent
- Traffic: Low
- Public Transport Facilities: Good
- Life Quality Index: Good
3. Tanjong Pagar: Best Historic City to Stay and Retire in Singapore
The city has a gorgeous picturesque charm highlighting the Malay heritage, which is maintained by the classically beautiful shophouse storefronts. The heart of the area is Keong Saik and Neil Roads, which has changed to a hub with growing food and cocktail cultures. You will easily find condo options with a lot of amenities at a premium price.
- Monthly Rent: $650
- Property Purchase Cost: $530,000
- Air Quality: Good
- Cost of Living: Affordable
- Health and Safety: Good
- Climate: Moderate
- Connectivity: Average
- Traffic: High
- Public Transport Facilities: Good
- Life Quality Index: Average
4. Sentosa: Best Resort Island to Stay and Retire in Singapore
Sentosa is a high-end but attractive option. It is known to be Singapore’s resort island and boasts of home, right in the water, condos, and even some landed houses. Sentosa Island is the right fit for you if breezy and quiet spaces please you. You can enjoy the quiet and delight your eyes with the scenery right out of your window. You get the real neighbourhood feel here, and you would also have access to the golf courses. It is slightly away from the mainland, so you would have to plan everything, including your groceries, in advance.
- Monthly Rent: $2491
- Property Purchase Cost: $12,250,000
- Air Quality: Excellent
- Cost of Living: High
- Health and Safety: Good
- Climate: Excellent
- Connectivity: Average
- Traffic: Average
- Public Transport Facilities: Good
- Life Quality Index: Good
5. Geylang: Best Place to Stay and Retire in Singapore
With a very Chinese feel, the more local area could be called more authentic than Chinatown. Here, street hawkers and street stalls are more common than a fancy cocktail bar. However, keep in mind that irrespective of the gritty charm, this place has always been considered a part of the red light district. However, the area is safe and has a robust community feel. The condos here are smaller and have lesser units, but they are good, and they have a lot of HBD options too.
- Monthly Rent: $830
- Property Purchase Cost: $2,980,000
- Air Quality: Average
- Cost of Living: Affordable
- Health and Safety: Average
- Climate: Good
- Connectivity: Decent
- Traffic: Low
- Public Transport Facilities: Average
- Life Quality Index: Average
6. East Coast: Best Place to Stay and Retire in Singapore around Nature
Known as the perfect home base for families, East Coast provides access to nature and is very quiet. Many housing complexes are located on the strip of East Coast Park, along the beach, so you see a lot of greenery and a great view of the ocean. Here, rollerblading and cycling are very common, and streets are tranquil, so people just cycle everywhere. You can easily find a good space for a reasonable rent here.
- Monthly Rent: $1450
- Property Purchase Cost: $21,687,727
- Air Quality: Good
- Cost of Living: Slightly high
- Health and Safety: Good
- Climate: Good
- Connectivity: Good
- Traffic: Very low
- Public Transport Facilities: Good
- Life Quality Index: Good
7. Woodlands: Most Beautiful Place to Stay and Retire in Singapore
Here, you would have to pay a premium price for space, but you could find reasonably priced houses that are large and have green spaces. The area houses a large community of American ex-pats. It offers a familiar suburban feel and is close to the American schools. They have huge malls with restaurants, shopping, and cinemas, so you would have plenty of things to do besides enjoying the beauty.
- Monthly Rent: $2550
- Property Purchase Cost: $2,875,293
- Air Quality: Great
- Cost of Living: High
- Health and Safety: Good
- Climate: Moderate
- Connectivity: Good
- Traffic: Low
- Public Transport Facilities: Good
- Life Quality Index: Good
Drawbacks of Retirement in Singapore?
A good standard of living here would cost you a lot, and it is definitely not extremely affordable. Owning a car here is very expensive. There is a fine line between public and private healthcare, and if you want access to quality healthcare, private hospitals cost a lot.