Top Real Estate Secrets
Property in Singapore is definitely more accessible in comparison to other real estate investments. But with Singapore's low risk and very affordable property investment as a foreign investor, there also s hardly any money to earn. Rental returns are fairly low at about 3 percent on average for apartments. If you are leasing an apartment over 100 square feet in size, those yields decrease much further. Get more information about Midtown Modern showflat
The other downside of purchasing real estate properties in Singapore is that the land market in the country is highly dependent on government policies. The local property market remains in the developmental phase and can be unpredictable. There are times that bidding wars involving developers and possible buyers can escape hand. That's why the majority of foreign investors must pay attention to local market conditions before selecting which projects to invest in.
In reality, among the critical reasons why people think it hard to acquire investment yield from purchasing real estate properties in Singapore is that local markets are more explosive. Property prices often fluctuate quickly in a matter of days. It may either go up or down really fast depending on events that happened earlier in the day. If you are thinking about investing in properties in Singapore, you must pay special attention to the Serangoon Market. Here are three properties in this area that you must pay close attention :
The biggest problem here is the potential prospects of Jurong Golf Course. This is located right near the Serangoon MRT station and can be a part of the favorite Serangoon Shopping Complex. The region is really very well suited for a golf program. Many overseas tourists especially want to purchase property here since the surrounding region has always been a golf hub. However, due to the rapid growth of the Chinese communities in the area, the prevalence of the golf course has diminished.
There is another exceptionally attractive but out of reach property right across the street from Jurong Golf Course. It is called Ang Mo Kio. Ang Mo Kio is really a residential community. It was built just a decade ago and now there are only around 20 permanent inhabitants. Nonetheless, this is one of the few places in Singapore which is really seeing a rise in property values, as a result of its proximity to the Central Business District.
An area you should not overlook when contemplating properties to buy is your New Singapore Library. This is one of the rare open air public libraries from town. If you happen to be wondering what this area is all about, the building itself is located at the corner of the busy arterial road. You need to pay close attention to the area as traffic is extremely heavy during business hours. The entrance is located on Ang Mo Kio Road, just across the road from Ang Mo Kio Terrace.
To reach the top floor of this library, then you have to enter through the lift and then walk down the spiral staircase. The second floor is similar to a laundry area in which people come to take care of their personal possessions while they await their turn in line. On the lower level of this building, you'll see a cafe where you can get snacks and beverages. Additionally, there are a number of conference rooms and computer rooms in which businesses conduct conventions and seminars. For all those Singaporean businessmen who travel all over the world, this is a great investment.
Generally, the costs of properties in the Central Business District are steady. Real estate values are also expected to increase in coming years given the rising prevalence of the Central Business District. Because of this, you can expect to pay anywhere from six to ten times of what you paid when you bought your house in the past. That is why investing in Central Business District property is a intelligent choice for individuals, families and companies. You can learn more about this type of real estate by registering for a free property guidebook.