Property Investor information: Singapore
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Property Investor information for: Singapore
Situated at the heart of Asia, Singapore is a unique garden city. Famous for order, cleanliness, and efficiency, the city provides a wonderful environment in which to live. The country's importance as a regional economic hub has led to the creation of a strong and modern economy and its wealth is reflected in its sophisticated shopping malls and the gleaming sky-scrapers of Raffles Place.
Alongside its modern efficiency there are remnants of its grand colonial past. Landmarks such as Raffles hotel remain a big tourist draw. Many foreign nationals choose Singapore as their regional base due to its central location, high standards of living, and vibrant night life.
Although the majority of housing in Singapore is government-owned, there is a significant private sector. Singapore's economic success has created impressive demand for these properties and so prices remain high. The means by which foreigners can own property investment in Singapore are complicated in many instances, but new, specifically designed schemes on Sentosa provide some incredible luxury developments.
It is likely that many people will continue to select Singapore as their base in the Far East, and the economy is expected to continue doing well in the future. Both these factors have helped stimulate Singapore's luxury property investment sector, increasing the appeal to overseas property investors.
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