Why It’s Worth Investing in Singapore Housing

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Singapore has been making headlines in the past few years, thanks to its improving economic standing relative to other Asian countries. With its business and finance sectors becoming stronger and its Free Trade policy pushing GDP levels higher and corruption rates lower, it’s no wonder why many local and foreign investors want to do business in this small yet promising nation. So, why is it worth investing in Singapore housing? And what are some tips expatriates can use to legally own and transact properties?
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Easier Deals 

The process of finding a nice house and closing the deal can be long and exhausting. Having a property agent beside you can simplify the task at hand. Sure, anywhere else in the world realtors are equally useful and make deals easier to digest. But as an expatriate investor in Singapore, the country’s stringent foreign laws concerning property acquisition can add a layer of difficulty that you’ll only be able to peel off with the help of a property agent in Singapore.

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Dense Location 

Finding the specific property that suits your investment objectives is easy when you’re looking at a densely populated country like Singapore. There is an abundance of properties on every city and block, ranging from HDB flats to small single-family houses. The wide range of choices allow investors to construct an investment portfolio that only complies with their preset conditions, rather than be forced to acquire assets because it was the cheapest or the only one available at the time.
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Low Corporate Taxes 

Doing business in Singapore involves lower corporate tax percentages. Relative to neighboring countries like Malaysia, Philippines, China, and Indonesia, the country imposes the lowest rates that’s enough to attract even the largest of investing companies and high net worth individuals.
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High Demand 

Currently, the need for housing in Singapore is very high, especially for HDB flats, which come of as a more cost-effective type of accommodation. High demand is being fueled by sustainable factors including increasing rental rates, which is attracting more investors into the country. Couple that to the fact that Singapore boasts one of the wealthiest populations in the world. Properties, therefore, are exchanged at higher rates than in most other countries.

 

Proximity to Powerhouses 

Singapore is an age-old business partner of China. The two countries are close both in terms of geography and culture. In fact, Singapore has some strong business ties with China’s capital, Beijing. This means that, as China grows economically, the transfer of wealth will also affect neighboring countries and partnered economies like Singapore. China and other business partners will seek higher demand for Singapore’s resources in order to satisfy their own consumer’s demand.

Investing in Singapore is not a rigid path wherein you buy a property and then resell it at a higher price. Nowadays, you can use an array of other techniques to get capital exposure from the housing market, such as fix and flips and real estate investment trusts or REITs. Regardless of which approach you choose, make sure to plan it thoroughly with a real estate agent.