среда, 29 апреля 2015 г.

Singapore Real Estate Property



Located away from the coast of Malaysia, the Republic of Singapore is among the busiest commercial hubs within the Malay and Asian region. Still, due to a substantial Mass Rapid Transit (MRT) system that covers most elements of this island country, it can be relatively simple to go from a single region of the nation to a different one. The four official languages of Singapore are Malay, Mandarin, Tamil, and English. When it comes to investment opportunities in Singapore, the real estate sector is fairly lucrative. Some of the benefits associated with making an investment in Singapore's real estate market include:

Investor-Friendly Environment

In accordance with the 2013 Index of Economic Freedom, Singapore has got the second freest economy on earth. The Corruption Perceptions Index ranks this Asian nation as the least corrupt countries on the planet. Additionally, it is the 14th largest exporter and also the 15th importer worldwide. These statistics reveal that Singapore is an investor-friendly nation. What's more, the country features a robust government and mature political system, which means low political risk.

Financing Open To Foreigners ( Westwood EC )

Foreign investors can easily access financing to buy properties. Finance institutions may offer up to 80% mortgage finance to foreign investors. However, it is important to remember that the conditions and terms of these loans generally vary from one lender to a different. Repayment periods for such loans vary from 25 to 35 years. Moreover, interest levels in Singapore can be low and foreign investors do not need to worry about capital gains tax.

Attractive Rental Yields and Minimal Transaction Costs

Singapore has attractive rental yields. Figures authored by singaporepropertycycle.com demonstrate that from 2008 to 2013, rental yields ranged between 4.08 and 7.38. However, the return in your investment depends on factors several factors such as the location of your own new launch property. Furthermore, a property investor has to take into consideration costs such as maintenance fees, solicitors' fees, agents' fees, stamp fee and taxes where applicable. You should consult an agent if you want for additional details on these costs. On the whole, count on paying three percent of a property's price as legal fees and stamp duty, and 2 percent as agent commission. In comparison to other Asian countries, these transaction expenses are minimal. As an example, in Indonesia, transaction costs soon add up to 26.37% of a property's selling price according to statistics authored by sgpropertyinvestors.com.

Security in Retirement

If you opt for a new launch condo right now, chances are it will consistently appreciate in value through the years. You should use such it to acquire loans and get a lot more properties. Alternatively, you can sell your property and invest the cash inside a retirement plan. Should you start investing early enough, it is possible to create a sizable retirement nest egg.

To summarize, while the Republic of Singapore can be a tiny island, it is amongst the world's wealthiest nations. Additionally, the land has a vibrant real estate market. Some of the advantages of buying Singapore property include use of financing, investor-friendly environment, and also attractive rental yields and minimal transaction costs.

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