As you begin your exploration of the Batam property market, one of the first things you’ll notice is how inexpensive everything is. But the amazement doesn’t fully set in until you realize that properties are priced in Singapore Dollars, not USD.
At time of publication, the Singapore Dollar (denominated with S$) is trading 1.25 to 1 with the US Dollar. To get a rough concept of the conversion rate, think S$100 for every $80.
A property that’s listed for sale at S$100,000 costs about $80,000 USD.
Taking in to account that prices are set in Singapore (Sing for short) Dollars, an ongoing joke around Batam happens when you remark how inexpensive something is, directly followed by the exclamation “…and that’s Sing dollars!”
Schedule a visit to Batam and try it out for yourself!