What makes the
Singapore real estate market so attractive for investment? The low level of both offers and unsold housing with constantly growing demand. is lower than in New York, London or Monaco. The average cost of a square meter is about 8 thousand Singapore dollars, and if we are talking about real estate of an elite class, then about 18 thousand.
Singapore means stability. It is a successful region not only as a center of finance and development in Asia, but also in terms of its predictability. Inexpensive mortgage, new jobs, lack of inflation and restrictions on the purchase of commercial and industrial real estate by foreigners.
Ownership of
residential real estate in Singapore for foreigners quite severely limited. However, many restrictions on
buying an apartment in Singapore can be bypassed by obtaining permanent resident status. To do this, you need to
invest in real estate in Singapore from 2 million Singapore dollars, half of which can be invested in the private residential sector.
With
buying an apartment in a new building in Singapore initially you need to pay 5 percent of the purchase amount, within a month - another 15 percent. Subsequent payments are made at different stages of construction, and after the construction of the facility and receipt of an act on its delivery, the final amount is paid.
