Tips To Invest In Singapore Property

ktkoh | Nov 14, 2011 |

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Why Invest In Singapore

When it comes to property investments, there is no better place to look at then the small island nation of Singapore. It is located in the heart of Southeast Asia, between the Straits of Malacca and South China Sea. Singapore is a well known destination for savvy investors for its stable government and economic climate. Its open economy has made it the ideal place for Western companies to set up their APAC headquarters here. In recent years, as there are more economic woes facing US and Europe, a lot of people are looking eastwards to park their money. Among the Asian nations, Singapore has proved to return the highest appreciation and rental yield for the property investor.

Maximising Yield In Singapore

Basically, if you are considering investing in Singapore for the first time, it is advisable to do some homework before you actually visit the country. However, if there is one thing you can be sure of, it is that this country is law abiding and its regulatory can be safely trusted. You actually have your work cut out for you.

Firstly, you need to know that the most expensive property has to be those near the central business district or what they call the CBD. It is nested among the flashy and modern bank buildings and the famous shopping stretch. Properties here can easily cost upwards of $1500 per square feet. It is also more competitive to get a decent unit here, usually, people have to make do with shoebox units. However, if you venture outside the central areas to the housing estates, you can certainly find value for money investments. One such area to take note is the Punggol area which is in the northeastern part of Singapore. This is an up and coming area to be developed by the government for the next ten years. Reputable developers such as Far East Organization will be launching their Punggol Watertown Condo Singapore in the first quarter of next year. There are also other developments nearby which have caught the eyes of investors with smaller pockets. That is the Parc Vera Condo Hougang which has launched for just over a week. It has received warm support from home buyers and investors as it is in a mature estate with access to amenities such as healthcare and subways.

These are just some of the projects in Singapore you can use as a reference when you are considering Singapore as an investment destination. Take some time to visit this exotic country to appreciate the land scarcity here and you will know why it is wise to put your money here.