Do you know, around 42% of the population in Singapore are foreigners. According to Savills Singapore, foreigner purchases accounted for around 25% of the total residential property sales transaction in Singapore during the first half of 2010. This statistics has increased considerably in the past few years due to several reasons.
Some important factors that triggered the foreigners to purchase property are listed below:
– Increasing rental charges
– Flexible Singapore housing loans
– Increasing property prices
– Low cost of living
– Long-term business schedules
According to a recent survey, foreign buyers are mainly responsible for increasing house price. Since, property prices are increasing steeply, most of the foreigners are finding it as a better investment.
If you are looking for a better property investment option, you need to identify the right location for buying a property. Remember, a good property can fetch you higher return values in future. So, you need to checklist some important places and compare the places to identify the right place according to your budget and expectation.
Some good places to buy property are listed below:
Business central district is one of the prime areas for trade and economy. You can find a wide range of people in this region. Some best places to buy property in business central district are Museum, Downtown Core, Orchard, Rochor and Outram.
If you are looking for industrial area, then east region can offer you a lot of career opportunities and also has many outdoor activities to enjoy along with your family members.
North east region is developing area that attracts more foreigners with its flourishing trade opportunities. Pulau Ubin and Ang Mo Kio are some popular places within the north east region.
Want to find a suitable property in a lush green region? Look for properties around north region which has industrial estates, shopping centers, schools and residential homes and still retains its lovely lush green environment like Kent Ridge Hill Residences, Some good places around north region are Springleaf, Simbang and Sungei Kadut.
If you want a peaceful environment to relax from the bustling city centers, then west region can satisfy all your needs with its hills, mountains and scenic beauty. North region is getting more attention nowadays and is gradually developing into an important commercial center.
These are some places that are attracting a large number of foreigners with its wide range of facilities, nature and affordable property price rates. You can make use of these details to choose the best location for buying property according to your needs.