NEW PROPERTY SINGAPORE

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Singapore is one of the leading economies of the world with high standards of living. Singapore also has one of the world’s most interventionist housing market policies where the government strictly controls and monitors the use of land and the allocation of housing units. With the low interest rates and the cooling measures adopted by the governments, activity in the housing market has started to rise.

One of the prime property locations in Singapore is the 11th district of Central Singapore. Other prime locations include District 9 and 10. These areas fetch the highest rental yields.

One bedroom apartment of almost 450 square feet sells at rates starting from S$800,000. Prices of property for sale in Singapore generally start at around S$ 2000,000. It can go up to very high levels, millions and billions of Singapore dollars, depending upon the location and the property area.

New property types in Singapore can be either apartment, pent houses, individual houses or landed houses. new property singapore can be either for rent or for sale or for lease. Singapore has a small rental sector and that mostly serves expatriates. In the local sector too, 81% of all rental units are owned by the HBD.

Some of the prime property in Singapore include Newest in West Coast area, White Haven in Pasir Panjang, Palms at Sixth Avenue, Cambio suites, CT Hub 2, Hallmark residences etc. ome of the websites that offer property advice and list properties for sale or rent in Singapore are http://newlaunchadvisor.com/

The first step towards getting a property in Singapore is to appoint a property agent. Property agents play a vital role in the Singapore real estate market between the property buyers and the property sellers. A property is then chosen for purchase and the transaction completed with or without taking a bank loan. The Singapore government also collects property tax on the property.

With the spurt in activity in the property market, a lot of new housing projects are coming up in the various districts in Singapore. The inflow of expatriates to Singapore has also pushed the property rental prices to higher levels. The government too has decided to tighten rules especially those relating to collecting blank cheques from property buyers in order to safeguard the interests of the consumers.

In a country where land is scarce, property prices are expected to pick up in Singapore once activity in the property and real estate market returns back to the levels before the economic slowdown.