Considering property investments? When looking at the best place to invest in property, what can be any better than Singapore? It’s a strategically located small island in South East Asia, as a connecting point between the Malacca Straits and South China Sea.
Singapore has always been an investor’s favorite owing to the reputation as a tourist and business destination, stable government and favorable economic policies. They have an open economy, which has attracted Western investments and most businesses have set up their headquarters here. As of late, US and UK economy has taken a hit, resulting in investors looking elsewhere. When considering the most ideal investment destination in the East, Singapore is their take. This island has over time proved to give the best ROI, appreciation and rental income for the properties purchased here.
When you are a first investor in Singapore, it’s important to do extensive research even before deciding to pay a visit here. But what you must know is, Singapore is investment friendly, law abiding country with a regulatory that can be trusted blindly. So if you invest here, it’s YOURS.
Next, when shortlisting properties, you must know the ones closer to the Central Business District, or CBD is the most expensive. Being located around the prime business center with shopping malls and leading banks, the rates run above $1500 / sq ft. Even so, it’s not easy to get a property here and most have to settle with micro units.
On the other hand, if you check other areas apart from the central business district, or the housing areas, there are properties that offer good value for the investment. Punggol is one such area in the North Eastern part of Singapore, which is a developing area. This is the area that is in the government agenda for development over the span of next ten years.
It’s here where renowned developers like Far East Organization are planning to launch their Punggol Watertown Condo Singapore. It is scheduled for early next year and other developers are also coming up with attractive ventures close by. One such venture is Parc Vera Condo Hougang that kick started last week and was welcomed heartily by home buyers and investors alike. Owing to the location with proximity to all amenities including healthcare and subways, it is a hit with many.
When shortlisting properties, these are few names you can use to refer the location of the properties in Singapore. It’s also ideal to visit this gorgeous island and get to know the value of their land and why it’s a good investment choice.