Singapore New Property Investment

Singapore Property For Sale

Singapore is the fourth leading financial center around the globe, and is always rated as one of the top ten most open, competitive and modern countries in the world. Singapore has a diversified human population of different ethnic origins - Chinese, Malays, Indians, Asians, Eurasian and Caucasians from various nations around the world.

Searching for a new property for sale in Singapore can be either hassle-free or tough, dependent on the type of target property and local property market knowledge a buyer has.

Comparable to any other country, you can find a new house, new condominium or new apartment for lease and sale in Singapore. Since Singapore is a highly metropolitan city, quality skyscraper offices, recreational centres and public amenities are conveniently available for work and leisure.

New property for sale in Singapore is usually created for function and aesthetic appearance usually surrounded by amenities like shopping centres, eateries and schools.

In the Singapore residential market, new condo and apartment for sale are always a popular favourite among Singaporean and foreign buyers. A new condo or house is demanded by legislations to be built under strict quality and safety processes with most up to date architectural design and functional unit layout. New condos of 1 to 5 bedrooms configurations are popular among these buyers as these units typically offer recreational facilities like swimming pool, BBQ pits, function rooms, Gymnasium, sheltered car park lots. Several new condos offer sky lounge, sky gym, gourmet indoor and outdoor dining facilities, grand entrance lobby and even concierge services etc. Some new condominium like upcoming Twin Peak condo provides high-end designer label fittings for all the bedrooms, designer-label bathtub in every bathroom, kitchen appliances and even exquisite designer sofa and dining sets that are bundled with every condo apartment. A buyer essentially needs to only carry along their clothing to move into their new comfy residence.

A New Bungalow may have up to 6 bedrooms, pampering bathrooms, multi-purpose rooms, fully fitted wet & dry kitchen, Jacuzzi, wine cellar, a fish pond, a patio/balcony and at least 2 car park lots. Whereas, a typical new terrace house will have 3/4 bedrooms, bathrooms, kitchen, utility room and 2 car park lots.

As Singapore focus on to expand her population to 6,500,000 from about 5 millions residents right now, there are pools of incoming residents looking for property to rent. Clever Investors will benefit by acquiring new apartments or houses as expatriate tenants prefer to rent newer developments with the latest design and facilities benefitting the investors with a good rental yield.

Since the world financial system is recouping, real estate investment in Singapore is restoring very quickly. Property owners are witnessing a constant increase in capital value appreciation for all class of properties in Singapore.

Finding the right property for sale in Singapore is critical for a buyer and investors. Therefore employing a qualified property agent is necessary. An experienced agent qualified in Singapore property transaction regulations and in-depth knowledge of the local property market will render priceless support for a buyer to acquire the right property within the buyer's financial spending budget.

Eventually all practicing real estate agents will be demanded by law to pass a qualifying real estate examination in order to keep on practicing real estate sales in Singapore. It will therefore be advantageous for a buyer/investor to work with a qualified agent on an exceptional basis to ensure that the agent can advise the best option of new condos or houses available to fulfill each buyer/investor different needs and requirements. In addition, it is a common procedure that an experienced agent will not collect any commission from a buyer/investor for private property purchase in Singapore.

In a standard new real estate purchase, a buyer pay a deposit of 5% of the total purchase price to book a unit with the developer. An option to purchase from the developer will be issued to the buyer. The buyer will be given 21 days from date of Sales & Purchase Agreement to proceed with the purchase. In the event that the buyer decides to go ahead with the purchase, then the buyer will endorse the Sales & Purchase Agreement and pay another 15% as down payment for the purchase within a stipulated period. For the balance of the purchase price, the buyer may finance through a bank loan facility and/or pay directly to the development's safe-guard project account in a progressively payment mode depending on the construction progress of the new development. This is a simplified description of the purchase procedure whereby an experienced agent will be able to guide the buyer along the way.

A property owner enjoys a comparably low property tax rate of about 4% for owner-occupied residential property or 10% for investment property. And there is no capital gain tax in Singapore as of now.

With the prevailing low mortgage interest rate averaging 1.5% for the first year, scarce land resources and flourishing economy in Singapore, new property investment is always among the top investment instruments that one should take into consideration.

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