Singapore is one of the leading economies in the world. Singapore is an island country that consists of 63 islands off the south side of the Malay Peninsula. The equator lies just 85 miles north. Singapore became a British territory in the early 1800’s and during world war II was under the rule of the Japanese until after the war when it reverted back to British rule. In 1959, Singapore was allowed to be self-governed by the British allowing for its sovereignty. It is now officially the Republic of Singapore.
For those looking for property in Singapore, it’s really a pleasant search as there are many great properties to choose from in many beautiful areas. Its strong economy makes it an attractive place to do business and many wealthy business professionals travel to Singapore to buy property for a variety of reasons. Not only does Singapore have one of the largest oil refineries, it also is home to one of the busiest shipping ports in the world. And with its tourist attractions such as being the second largest casino gambling togel singapore market in the world, people from all over the world seek to buy property as a vacation home or for permanent residency.
Singapore has many properties to choose from, whether it be for business or pleasure and has many programs for people to acquire the right loans. In many cases, the properties that are purchased in Singapore are from foreign investors. Most citizens of Singapore live in houses that are subsidized by the Government. In recent years, the property values have soared making the investment a safe bet, and with its low corporate and income tax, along with its safe streets and stable political system, investors have flocked to Singapore.
But with the rising foreign investment, the Government of Singapore has decided to impose an additional tax on foreign as well as resident investments. This is likely to drive the market prices lower making the investments not as attractive. Property values in Singapore have risen over 70% since 2006 and are likely to begin to drop once the new tax is imposed.
Property in Singapore is still a good bet for those looking for a great retreat in a tourist welcoming community. With Its beautiful landscape and attractive businesses and tourist attractions, Singapore will have you and your families fixed on searching for that perfect property to ensure you have a beautiful vacation property you can call home each year.