Singapore Real Estate Sale

Singapore real estate market has shot up rapidly. Before then, no foreign investor was allowed to buy any real estate property in Singapore. However, a new policy was introduced towards the end of the year 2004 and it started being implemented in the next year.

This policy allowed the foreigners to buy any form of real estate property as long as in was not an undeveloped piece of land. The policy also removed the previous law that demanded that any foreigner must not purchase any building that has less than six stories, and this law excluded foreigners from buying bungalows and condos. The implementation of this new policy was received gladly by the investors in other parts of the world, and they started flooding the Singapore Real Estate Sale market from then till today.

Because of the increase in number of investors in the Singapore real estate market, the increase in value and prices of the real estate property therein has become high. Also, due to the flooding of the market, it has become very hard to find a suitable Singapore Real Estate Sale property. However, the most surprising thing is that the increase in price has never caused investors to shy away from Singapore Real Estate Sale property.

Before you start looking for a Singapore Real Estate Sale property, there are some few things you need to have the knowledge of. The first thing you should know, if you are a foreign investor, is that there no Singapore Real Estate Sale property that is fully and unconditionally yours when you buy it. It will only be in your custody and ownership for 99 or 999 years if the type of agreement is leasehold. This is usually the case with most properties located in the city or in areas near the city that are developed. In rural areas or in areas that are almost rural, most of the property there is on freehold, meaning that you will have possession of this property forever or for the foreseeable future.

Also when looking for Singapore Real Estate Sale property, look for those near the railway stations not only because it is the major means of transport in Singapore, but also because the rate at which property near the railway gains value is very high.

This way, you will be sure to get huge returns if you ever sell the property. However, do not purchase flats in which there are apartments bigger than three bedrooms. Big apartments usually stay vacant without finding tenets for long periods, as most people who want to live in more than three bedroom houses usually go for bungalows or condos.

Thirdly, do not go searching for Singapore Real Estate Sale property alone. Do so with the help of a qualified real estate realtor. They are more familiar with Singapore geographically and with the trend of the real estate market.

Mindy Yong 杨雯诗

CEA Registration Number : R021232Z

Tel: (+65) 91002985
Fax: (+65) 64021826

mindy@mindyyong.com

KF Property Network Pte Ltd
CEA Licence Number : L3008430D