In a 2012 Forbes report, Singapore was chosen on the 6th best country for someone to be born in 2013. At 6th position, Singapore is takes the top area for the most effective country in Asia to live in. The report attributes Singapore's rise, from 36th position a year ago to 6th position this season, to some thriving sea port, affluence of the country, and exceptional total well being for locals.
The reasons that Forbes stated would be the main reasons why many locals and lots of foreign investors elect to invest in property in Singapore. Singapore offers political stability, economic stability (as evidenced inside the country's resilience to economic fluctuations in the past decades), and merely as the Forbes report says, living life in Singapore simply good.
Due to Singapore's favorable political, economic, and social situation, this is a magnet legitimate estate investment from not merely the locals who upgrade on own stay, in addition, it attracts investors, notably from Malaysia, Indonesia, and China, to buy property. Previously decade, from 2001 to 2012, private property prices has risen 72.7%, according to the Singapore Residential Price Index (SRPI), provided by the National University of Singapore (NUS).
Because of the meteoric increase in fascination with Singapore property, now there is many selections for property hunters in Singapore. At the time of date, there's 2,453 different condominiums and apartments, not including private landed properties.
Therefore, choosing and buying a house in Singapore is daunting. With the presence of 2,453 unique property developments inside a mere 723.2km2 land size, Singapore has one of the most dense property development: land ratio on earth. Selecting a good property to buy is absolutely tough feat.
Proximity to MRT may be the main criteria
These golden rules in property investment happens to be "Location, location, location". But for those familiar with the property market in Singapore, the 3 golden rules are "MRT, MRT, MRT". MRT means Mass Rapid Transit, the Singaporean term for the train or subway system.
It is often shown, before decade, that properties near MRT stations are most resilient in resisting price falls in periods of bad economic situations, yet posts the best capital appreciation in good economic periods. Therefore, properties near MRT stations are always in hot demand.
In a tiny country like Singapore, trains and buses may be the main mode of transportation for many people, and travelling by MRT happens to be preferred to buses, as MRT provides comfort during the journey and timing reliability. It's the choice mode of transport specifically for expatriates living in Singapore, given that they usually do not drive, in addition to their main workplace, Central Business District, is accessible by MRT.
There are several reported cases in the national newspaper in the past year, that existing condominiums saw a 30% boost in asking price overnight, immediately after a new MRT station within easy reach for the condo was announced.
The proximity to MRT, therefore, will be the primary criteria for choosing an excellent property in Singapore.
Being close to amenities, schools, and expressways
The next criteria in choosing property in Singapore are proximity to amenities, top schools, and expressways. These significance of these criteria differ from one individual to another, together may place more importance in being near a premier junior school for his small children, while another may place more importance in succeeding as near the expressway exit since he drives. If your property development features a good balance, being near to amenities, schools and expressways, then a property are usually in hot demand, not just in the original sales launch, but also throughout the years once the owners and tenants are available in to stay.
It's these properties - being in close proximity to MRT, amenities, schools, and expressways (transport links) - that command quality value, and consistent rental demand.
In selecting a fresh property to invest in, inside the 6th best country on earth to live in, it's these criteria that may set the truly good properties apart from the mediocre.
Hillview Peak Condo is really a New Hillview Launch Condominium near Hillview MRT, put together by Kingsford Development Pte Ltd.
Full Location information, Brochure, Floorplans, and cost can be obtained at www.hillviewpeak.org