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Tips for buying a house
Oct 15, 2022
Tips for buying a house Singapore
By   Internet
  • Guide
  • Buying a Home
  • Singapore
  • Investors
Abstract: With the risk of currency devaluation, how to keep existing assets from shrinking is the first question many HNWIs think about. Among them, using cash as a safe-haven investment is the reason why investors are buying overseas properties.

Quantitative easing has led many to look to Singapore, where investment performance is high, rents are high and interest rates are low.

 

However, many investors who come here to buy property do not know that there are actually tricks to buying property in Singapore.

 

First, location.

 

Location is an important consideration when buying a property as it plays an important role in the return on investment.

 

Which is the better location in Singapore?

 

Data analysis shows that over the past 10 years, the price of freehold and non-land owned residential properties in Singapore's 9th, 10th and 11th postal districts have grown at a compound annual growth rate of 3.7%, compared to 2.9% for similar properties in other non-freehold locations.

 

Properties in such excellent locations, close to prestigious schools and metros, tend to have higher wealth values.

 

From January 2017 to January 2018, the majority of properties with rental yields of 4% or more were located within 0.5 km of a metro station.

 

In comparison, the total rental income of non-landed private homes studied during the same period hovered around 3.2%.

 

It is a known fact that most of the prestigious schools in Singapore are located near the 10 postal districts.

 

National Junior College, Nanyang Primary School, Nanyang Girls' High School, Singapore Girls' School, Methodist Beauty School, Overseas Chinese High School, etc. All of them are located in this area, which is famous as a mecca for education.

 

Therefore, the properties located in the premium location of the 10th postal district become a popular choice.

 

Secondly, the price.

 

For example, the 10th postal district being a prime location for Singapore properties, you still need to focus on the entry price of the property when buying a property.

 

Third, the process.

 

Buying a property, especially in a foreign country, is something that requires a lot of care.

 

For example, the research and study before buying a property, the complicated process in buying a property, the procedures after buying a property, all aspects cannot be taken care of.

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