Singapore has been a favorite of emerging companies and business houses for a long time. Not just the local people, but residents from all around the world have been showing interest in the development work of Singapore. In both, increasing economies as well as the real estate have been the biggest form of investment in Singapore for a long time. There is more than 27% net worth of foreign investment among the overall private residential property buyers in Singapore having buyers from different countries like Indonesia, Malaysia, China, United kingdom, unites states, Korea and Australia.
The major reason behind the investment includes, Singapore being a strong economy with sufficient fundamentals with proper social management, political condition, effective standard of life, and its location, which keeps it connected with mo9st of the major cities in Asia. It is one of the fastest growing economies in Asia. One of the major factors which have been contributing to the growth of this global economy are logistics, education, medical services, financial services and biomedical sciences, construction and tourism, information communication. Whether it is economy or the investment in the real estate along with the planning expansion of the population everything is done accordingly.
Singapore has come up as the best location for the foreign investment. Some of the reasons contributing to this fact are:
- Foreign ownership laws
- Eligibility of foreigners to buy property like apartments and condos.
- No capital gains tax, currency control, withdrawal tax
- Low mortgage interest rate
- Property rights
- Laws for safety of homeowners.
Instead of thinking or planning further, try to work on your finances and start investing in the property options available in Singapore for you.
