Singapore is recognized as one of the safest and most valuable locations. The real estate in Singapore has considerable capital appreciation and income potential. Investing in Singapore real estate can be considered one of the best methods for asset preservation and accumulation.
With the emerging markets in Asia, Singapore has gradually become a favored second home for the newly wealthy in recent years. The high quality of life offered by the Garden City and the unlimited development opportunities have attracted wealthy individuals and professionals from around the world, especially from emerging economies in Asia, to send their children to Singapore for education while investing in the local real estate market.
Another reason why affluent individuals love Singapore is that it is also a tourist destination. Since its opening, Resorts World Sentosa has attracted many guests. In addition to the casino, the $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 visitors, 60% are foreigners, and among them, 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, conference and exhibition facilities, about 10% retail and dining outlets, and nearly a thousand hotel rooms. The clientele comes not only from the local market but also from regional countries such as neighboring Malaysia, Indonesia, Thailand, and Vietnam, as well as Northeast Asia, including certain cities in China, South Korea, Japan, and Taiwan, which are also key target markets. Marina Bay Sands will officially open on June 23 this year.
According to statistics on private residential transactions in Singapore, Chinese buyers account for a quarter of overseas buyers, and this trend is on the rise. More and more Chinese buyers are heading to Singapore to invest in properties, favoring homes near water and schools, as these areas offer beautiful environments and convenient access to education for their children. The most popular areas among new Chinese immigrants include East Coast, Bukit Timah, and Orchard Road.
Currently, the price of private residential properties in Singapore ranges from approximately 40,000 RMB to over 100,000 RMB per square meter, with the distinction that property purchases in Singapore are calculated based on the internal area.
Unlike in China, the apartment projects developed by Singaporean developers are fully furnished, equipped with kitchens and bathrooms, offer diverse shared facilities, and have comfortable green environments, with land use periods of 99 years or permanent.
Properties in Singapore can also be pre-sold in the form of off-plan sales. Under strict government regulation, the rights of buyers are protected, and foreigners enjoy the same loan policies and procedures as Singaporeans, with a maximum loan application of up to 70%. The bank loan interest rates are very low, ranging between 2% and 2.5%.
