The growing economy and improvement in per capita income have attracted many people to come and settle at Singapore. Top class transit system, world-class infrastructure, cutting-edge health care facility and first class international schools have made the city a great place for buying a property and living here permanently. Many businessmen, IT professionals, students, job seekers are coming to this city day by day for fulfilling their own purposes. Every year the immigration rate of this country is gradually increasing.
As the consequence of it, the real estate market in Singapore has received a significant growth. Therefore, this is the right time to invest in Singapore property market. It has now become one of sought-after property investment destinations in the world. Many builders, property developers, contractors, realtors, and reputable construction companies from Singapore and international market have started their real estate projects here. Their main objective is to expedite their progress and uplift business growth. They want to grow quickly and increase their profit significantly. The proximity of China has diversified the economy of the city. Needless to say, free trade policy of the country has helped in the rapid growth of the city.
If you have already decided for a property investment in Singapore, then it is really a very god decision. These are the major reasons to do the property investment in Singapore
- There are no restrictions in property investment. Anyone can easily buy a property at reasonable rate.
- The cost of property buying in Singapore is lower than the other major cities located in the developed countries. On the other hand, Singapore government charges only 18% VAT for new properties, 2-3% for stamp duty and only 1% for legal fees. This is why one can buy a property here at cheaper rate.
- There is a huge demand for new properties in Singapore. The reason is that a vast majority of people live at rented houses or apartments.
Investing money in Singapore property gives you more return on investment than the other fields like stock exchange, home loans, trading, etc.