Real Estate Investment In Singapore

Of all the states in Asia, Singapore has been ranked as the best settling and investing destination. As a matter of fact, it is doing so well that most of the foreigners looking opt to fly to Singapore rather than flying to its surrounding countries such as China and Japan. When it comes to investing, Singapore has one of the strongest economies plus numerous international trade links.

In terms of settlements, Singapore is also on the forefront. The clean unpolluted environment is one of the main features that bring about the conducive living environment. On top of this, the climate here is quite favorable since it is warm all year round. The beautiful sceneries such as the coast and the beautiful botanical gardens found all over the place provide nice relaxing points.

These factors have really been of help to real estate investment in Singapore. In fact, it has been steadily improving for a number of years now, and still is. The year with the highest increase was 2006 which record a record breaking 10% increase which was 6% more than the previous year. Generally, up to date the average increase has been calculated to be of around 15.7%. This is a sign that things are doing well for real estate investments in Singapore.

Apart from the real estate investments in Singapore, the whole financial is doing quite as a whole. This is seen since the real estates investments in Singapore are improving at the same the whole economy is going stronger and stronger. Statistical representation shows that the gross domestic product rose by about 7% in 2005.

This was due to the introduction of the strata-titled property of which allowed foreigners to participate in investing. In 2006, the product rose by 2%. This had never been seen again in the economy. As a result, the real estate market is also increasing in value.

The real state investments in Singapore have increased in value due to some other factors. One of them is rising of the loan-to-value to 90%. This was a rise of about 10%. On top of this, the down payments that one pays during the buying process went down by 5%. Finally, the Central Provident Fund was introduced in a bid to help all those single parties that wanted to join hands with unrelated individuals invest together. This act was not allowed in the past, but all this changed. In fact even foreigners can buy these properties without any kind oh hassle.

These factors really improved the real estate market in Singapore since more and more people began investing in this beautiful country including the foreign expatriates, hence increasing the demand for real estate investments in Singapore.

Generally, these investments have become more and more popular. Since most of them are land-titled projects, the number of people settling in Singapore has also increased. It is therefore one of the areas that will have strong markets for some time.  In that case, it would be a wise thing to do if one invests in Singapore, the fruits will be in plenty.

Mindy Yong 杨雯诗

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Tel: (+65) 91002985
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mindy@mindyyong.com

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