Singapore is recognized as one of the safest and most valuable locations. Real estate in Singapore offers significant potential for capital appreciation and returns. Investing in Singaporean real estate is arguably one of the best methods for asset preservation and accumulation.
With the emergence of Asian markets, Singapore has gradually become a second hometown favored by the newly affluent class in recent years. The high quality of life provided by the Garden City and the limitless development opportunities have attracted wealthy individuals and professionals from around the globe, particularly from emerging economies in Asia, who send their children to receive education in Singapore while investing in the real estate market here.
Another reason the affluent favor Singapore is that it is also a tourist destination. Since its opening, Resorts World Sentosa has attracted numerous guests. In addition to the casino, the US$4.4 billion Universal Studios has drawn a large number of visitors. It is divided into seven themed zones, including: Hollywood, New York, Sci-Fi City, Ancient Egypt, The Lost World, Far Far Away, and Madagascar. Of the visiting tourists, 60% are foreigners, among whom 20% to 25% are Chinese tourists.
Marina Bay Sands is the second integrated resort to open locally after Resorts World Sentosa. The first phase of Marina Bay Sands, which opened at the end of April, includes a casino, meeting and exhibition facilities, around 10% retail and dining outlets, and nearly one thousand hotel rooms. The clientele comes not only from the local market but also from regional countries like neighboring Malaysia, Indonesia, Thailand, and Vietnam, as well as markets in Northeast Asia, including certain cities in China, South Korea, Japan, and Taiwan. Marina Bay Sands will officially open on June 23 this year.
