Recently the Singapore estate market has been on an upswing. Before you start investing in the real estate, whether it is for personal reasons or for business purposes look at the district map. This will show you the areas and you can pick and choose the properties that you want. Of course each person has their preference to see which place they would like to purchase.
Great place for doing business and living
Singapore is a great business centre and major Fortune 500 companies have their offices here. It’s the business headquarters for most businesses and industries who have various offices in the South East Asia region. It has a great climate to work in as it neither is too hot nor too cold. You require the same clothes the year round. Geographically it is located from the south of Malaysia and has Indonesia directly to its south.
The districts are demarcated for residential by the Housing Development Board of Singapore
The Housing Development Board of Singapore has divided Singapore into 28 districts for private properties and 27 districts for public housing. Study the map to know which areas, districts and streets are earmarked as public and the areas that are earmarked as private. Know if the particular location would be convenient to you.
Getting rental incomes
Making money through rentals is a great way to go. Especially when the real estate market is on the upswing. You can get better deals by negotiating and your income goes steadily up. But when the real estate market is going down, then the rental income will also go down. Of course if you have signed the lease deeds, then the tenant is bound to pay you the amount even if rental levels are going up or down.
Employing a real estate agent
If you want to sell off the home on your own, you may be able to save some money by not paying the commission to the real estate agent. Well almost! If you tried real hard. Remember that there are many legal documentation and other complexities that need to be fulfilled before you can sell off the house. It’s more time and cost effective to go through a real estate agent who can do it better for you. When you weigh all these considerations you can see that its best left to the professional to buy and sell the real estate property than doing it alone.
Singapore is a city state and the real estate values are some of the highest in the world. It can be quite challenging finding rental property and property to buy in Singapore. Choose the property that will fall within your budget range and also ensure that it suits your lifestyle.
Even if the house is located in the neighborhood, you need to weigh your pros and cons effectively. If you are planning to take loans then ensure that you would have future income streams that can match your payment schedules or else you will stand to lose the property that you have just bought.
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