Why should you buy real estate, in any location?
As Will Rogers, a philosopher from the United States once said, “Buy land. They don’t make any more of it.” However, there are some locations on the planet that provide opportunities that are even more outstanding. In a relatively short amount of time, Singapore has changed from a largely undeveloped area to one of the most-attractive markets in the world. The change has been remarkable.
Because of its location and having a government that is definitely pro-business, this country has gained a deserved reputation for being open to investments from those who live elsewhere. Now recognised as a financial centre for this part of Asia, Singapore offers excellent investment and business opportunities for those willing to work with people who have local and regional knowledge.
One factor most buyers of real estate in Singapore discover is there are significant strengths in the market, with transaction efficiency heading the list. One of the key factors in the efficient process is the widespread use of English, which reduces the chances of miscommunication. If you are a resident of another country and want to purchase property here, you can certainly own a condominium unit with freehold title.
You may also own a house, or other properties with land, if the structure is not more than six stories tall. However, it’s necessary to obtain government approval in most cases. When you are considering the purchase of Singapore property, you’d be wise to start working with a company that can bring extensive experience to the table. While this is not a large nation, there are some areas that will provide better purchasing opportunities than others.
For example, you might want to ask about access to public transportation, the MRT. Proximity to this form of transportation can be very important when you or someone else begins to use the property as a place to live or work. You can learn more about real-estate buying opportunities when you visit the website of one of the leading providers of property services. For example, you might see an opportunity to purchase a portfolio of internationally recognised hotels, or learn about the planned integration of business, community, and university facilities.
Not only will you find details on a wide range of properties for sale, you also have access to valuable information that will educate you on the opportunities in Singapore. You’ll understand why developers and other investors are focused on specific parts of the market in this city-state and island country. Each of the unique neighbourhoods has its own “vibe” and its own price levels.
It’s also important to have expert guidance when it comes to taxation, because the rates vary depending on whether you’re from a foreign nation or if you’re a resident.