Why Invest?
Singapore is poised to scale new heights in the 21st century and with this exciting vision comes opportunities that are at once attractive, exciting and varied whether you are looking for a career or settling into this culturally-diverse and international city. A city that pulsates unceasingly with life.
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Market Report
We forecast that Singapore property market remains positive for the medium to long term. Property funds and REITs would be on the look-out for suitable investment properties for their accretive acquisitions to enhance their portfolios. Developers would also be seeking opportunities to replenish or increase their land bank both from the private and public sectors.
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Economic Overview
Singapore has a highly developed market-based economy, and is often considered to be a developed nation. It ranks 25th on the Human Development Index which measures standard of living, and second in the Index of Economic Freedom.
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Visa/Residency Issues
A valid passport is required. U.S. citizens do not need a visa if their visit is for business or pleasure and their stay is for 90 days or less.
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Getting to Singapore
Approximate flight time from London to Singapore is 13 hours. Singapore Changi Airport is a regional aviation hub served by 64 international airlines and is being expanded with the construction of a third terminal slated for completion in 2008.
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Fees & Taxes
- A property tax is imposed on the annual gross rental of building and land.
- The personal income of residents in Singapore is subject to income tax calculated on a sliding scale ranging from 2 percent on the first $5,000 to 28 percent on income greater than $400,000.
- GST is a flat-rate consumption tax of 5 percent applied to almost all goods and services consumed in the country.
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Singapore
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Basic Information
| Population |
4,657,542 (July 2009 est.) |
| Languages |
Malay |
| Area |
270 sq mi |
| Currency |
Singapore Dollar |
| Dialing Code |
65 |
| Emergency Services |
995 / 999 |
Singapore Overview
Singapore is an island city-state and the smallest country in Southeast Asia. It is located on the southern tip of the Malay Peninsula, south of the Malaysian state of Johor, and north of the Indonesian Riau Island. Singapore is a small, stable, highly developed country with an elected parliamentary system of government. Tourist facilities are modern and widely available.
Average Property PricesComing soon.
Buying Process
- Visiting showflats is fast becoming the unacknowledged national (weekend) pastime as developers pay top dollar.
- There is the option thus, to visit showflat and project launches for new developments.
- The classifieds section provides another avenue for property hunters, as does the internet, another communication medium for a society with amongst the highest internet penetration rates in the world.
- Singapore property laws have made property more accessible to foreigners in unprecedented ways.
- Even landed property- the Holy Grail in a land-scarce population, is relatively within the reach of foreigners, with permanent residents and local companies being allowed to purchase property for their own stay upon approval.
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