Singapore
More than 10 million people visited Singapore last year and it is not difficult to see why – the tiny city state is almost implausibly diverse and bears the hallmarks of all the major regional cultures in place both today, and through it’s colonial history. Singapore’s massive tourism industry, coupled with the fact that it serves as a regional business hub to thousands of multinational companies, make it’s finite accommodation space highly sought after.
The bulk of foreigners who buy into property in Singapore focus on the condo market but they face heavy prices; property costs are among the highest in East Asia and come in just behind Hong Kong and Tokyo. This is however, offset somewhat by the city state’s attractiveness as a business location, the prominence of English, low income tax rate (20 per cent in the top bracket) corporate tax of 18 per cent and it’s hugely efficient low-cost infrastructure services and commercial transparency.
Buying property in Singapore
Boasting a strong economy and a high-quality of living, Singapore real estate commands some of the highest prices in Asia. Comprised of high-end condos and luxury housing, the city-state’s residential property market is partially fueled by a high-expatriate population, with serviced apartments in high supply. More on buying property in Singapore.
Condos in Singapore
The eagerly anticipated Sentosa Cove is proving extremely popular among those seeking to buy condominiums in Singapore, although other prime neighbourhoods are also attracting interest from high-end investors. These include the area around Orchard Road, Marina Bay. The area surrounding the upscale shopping district of Orchard Road is expected to be a Mecca of property development for the next few years.More on buying condos in Singapore.
Houses and land in Singapore
The mixed use development of Sentosa Cove is pretty much the last word in luxury homes in Singapore right now. Covering a land area of 117 ha, the bulk of which is reclaimed land, Sentosa Cove is home to Singapore’s first and only exclusive gated marina community inspired by the renowned waterfront resorts and towns in the Mediterranean, Australian Gold Coast and Southern California but modified to feature tropical architecture. More on buying houses and land in Singapore.
Renovating apartments in Singapore guide
The vast majority of overseas buyers investing in Singapore focus on new or high-quality second-hand units, meaning renovations are not particularly common. However, those considering this route should make sure to set a clear objective for renovation. Budget plans for example, will vary considerably for a unit destined to be sold on or rented when compared to that for owner-occupation.
Plans for the unit should also be dictated by intended use. For example, those who intend to sell off their flat sometime within a 5-year period, it would be advisable to keep rooms intact instead of converting a two-bedroom into a one-bedroom apartment. It is important to check that all the necessary permits are in hand before carrying out the renovation works. As always, it is also advisable to get the best contactor budget will allow.
Top tips for Singapore property
Here are ten insider tips for figuring out the Singapore property industry.
More on top tips for Singapore property.
Singapore Property buyers guide
Top tips for Singapore property
Guide to buying Condos in Singapore
Guide to buying houses and land in Singapore
