The Importance Of Singapore Real Estate Market

Singapore has a hot real estate market that many are getting a piece of

. Whether you are a citizen of Singapore or you are relocating to Singapore, there is something in it for you because there is tons of real estate for sale. With an economy that is bringing in more corporations, this small country in the southern tip of Malaysia is certainly making an impression on the rest of the world in the form of economy. And when there is a booming economy, there is a housing market that has blown wide open.

If you are interested in researching available real estate for sale within Singapore, you most definitely need to engage a real estate agent that specializes in real estate for sale as opposed to real estate for rent. Since some agents specialize in certain areas, you want to make sure you're talking to someone who can definitely help you. Another reason why you want to talk to someone who knows what they're doing is because Singapore is beautiful and you may be the type who wants to experience it. This is where location comes in.

Last but not the least, the size of the condo for sale in Singapore is also a very important thing to be considered. One must take into account, the future plans and needs before making such a major decision. However, for someone who is buying merely from the investment perspective can take flexible decision.

Once you have worked your sums and are comfortable with the budget you have set, you are ready to go shopping for your property. You probably have heard property investment gurus stressing that it is all about location when it comes to property. In Singapore, properties located near amenities tend to be in greater demand. People are willing to pay more for staying near to MRT stations, good schools, shopping centres and food outlets. A property near an international school or a business park can command better rent.

Depending upon the furnishing level of the condo or the house, the price range will also vary. primelocation.sg is a major portal that carries information about new property launch in Singapore. The users can also find accurate updates about houses for sale and condo for sale in Singapore with a single click. It showcases real estate updates and industry buzz related to existing and new properties.

A significant portion of property purchases in Singapore is by Foreigners, who account for nearly 25% of the purchases. The political stability and transparent single tier tax regime which, does not tax capital gains, are other factors that encourage foreign investment in Singapore Property. The garden city provides standard of living equivalent to that of any western developed nation and provides a vibrant environment to live, work and play. Singapore is open to foreign talent and especially welcomes entrepreneurial investors who can add more value to the economy. Apart from GIP there are other schemes such as Entrepass geared towards drawing foreign entrepreneurs and P category work passes to attract exceptionally skilled or qualified foreign talent. A cosmopolitan Singapore categorically amplifies the stature of investments and investors.

by: Swati Parera

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