The Real Estate Investment Diaries
Posted by Thomas Shaw on April 27th, 2021
Property in Singapore is more accessible in comparison to other real estate investments. However, with Singapore's low risk and very affordable real estate investment as a foreign investor, there additionally s hardly any money to make. Rental yields are fairly low at about 3 percent on average for flats. If you are leasing an apartment over 100 square feet in size, those yields fall even further. Get more information about Midtown Modern price
Another downside of purchasing real estate properties in Singapore is the land market in the nation is highly dependent on government policies. The local property market is still in the developmental phase and may be unpredictable. There are occasions that bidding wars between programmers and possible buyers can get out of control. That is why the majority of foreign investors must pay attention to local market conditions before deciding on which projects to invest in.
In reality, among the critical reasons why folks believe it hard to get investment yield from buying real estate properties in Singapore is that local markets are more volatile. Property prices often fluctuate rapidly in a matter of days. It may either go up or down really fast based on events which happened earlier in the day. If you're thinking of 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 situated right next to your Serangoon MRT station and can be part of the popular Serangoon Shopping Complex. The area is actually very well suited for a golf course. Many overseas tourists especially want to purchase property here since the surrounding region has always been a golfing hub. But, because of the rapid growth of the Chinese communities in the region, the popularity of the golf course has declined.
There is another exceptionally attractive but yet out of reach property directly across the street from Jurong Golf Course. It's called Ang Mo Kio. Ang Mo Kio is actually a residential community. It had been built just a decade ago and now there are only around 20 permanent residents. Nonetheless, this is one of the few places in Singapore which is really seeing a rise in land values, as a result of its proximity to the Central Business District.
An area that you should not overlook when contemplating properties to buy is the New Singapore Library. This is only one of those rare open air public libraries from town. Should you happen to be wondering what this region is all about, the construction itself is situated at the corner of the busy arterial road. You want to pay close attention to the region as traffic is extremely heavy during business hours. The entry is located on Ang Mo Kio Road, just across the road from Ang Mo Kio Terrace.
To reach the upper floor of this library, you have to enter through the elevator and walk down the spiral stairs. The second floor is more like a public laundry area in which folks come to look after their possessions while they await their turn in line. On the lower level of the building, you'll find a cafe where you could get snacks and beverages. Additionally, there are several conference rooms and computer rooms where businesses conduct seminars and conventions. For all those seeking businessmen who travel all over the world, this is a superb investment.
Generally, the prices of properties in the Central Business District are stable. 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 instances of what you paid when you bought your house in the past. That is why investing in Central Business District property is a intelligent decision for people, companies and families. You can learn more about this type of property by enrolling for a free property guidebook.
