Real Estate Investment Guide for Singapore
Are you considering real estate investments? When looking for the best place to invest in property, what can be better than Singapore? It is a small island strategically located in Southeast Asia, as a connection point between the Strait of Malacca and the South China Sea.
Singapore has always been a favorite of investors due to its reputation as a business and tourist destination, stable government, and favorable economic policies. They have an open economy, which has attracted Western investment and most companies have established their headquarters here. The US and UK economies have taken a hit lately, causing investors to look elsewhere. When considering the most ideal investment destination in the east, Singapore is your choice. Over time, this island has proven to give the best return on investment, appreciation, and rental income for properties purchased here.
When you are a first investor in Singapore, it is important to do extensive research before you even decide to visit here. But what you should know is that Singapore is an investment-friendly and law-abiding country with regulations that can be blindly trusted. So if you invest here, it’s YOURS.
Next, when shortlisting properties, you should know the ones closest to the Central Business District, or CBD is the most expensive. Being located around the main business center with leading shopping malls and banks, rates are well over $1500/sqft. Even so, it’s not easy to get a property here and most have to make do with micro units.
On the other hand, if you check other areas besides the central business district or residential areas, there are properties that offer good value for investment. Punggol is one such area in the northeast part of Singapore which is a developing area. This is the area that is on the government’s development agenda for the next ten years.
It is here that renowned developers like the Far East Organization plan to launch their Punggol Watertown Condo Singapore. It’s slated for early next year, and other developers are also pitching attractive projects nearby. One such venture is Parc Vera Condo Hougang, which started last week and has been well received by buyers and investors alike. Due to the location with proximity to all services, including health care and the metro, it is a success for many.
When shortlisting properties, here are some names you can use to refer to the location of properties in Singapore. It is also ideal to visit this beautiful island and learn about the value of its land and why it is a good investment option.