Investing in commercial properties can be a smart move. They offer different rules and advantages compared to houses or apartments. Just like any investment, there’s some risk involved. But with the right knowledge and planning, you could see your money grow. If you’re curious about commercial property investing, don’t hesitate to reach out.
The Letter of Intent (LOI) is a crucial element in Singapore’s real estate market, serving as a preliminary agreement between tenants and landlords. In a nutshell, the LOI is a friendly, non-binding document that allows tenants to express their interest in leasing a property and kickstarts the negotiation process.
In a bold move to regulate the real estate market, Singapore has recently announced a significant increase in the Additional Buyer’s Stamp Duty (ABSD) rate for foreign property buyers. Effective immediately, the ABSD rate has been doubled from 30% to a staggering 60%. This decision aims to ensure a stable and sustainable property market, while prioritizing the housing needs of Singaporean citizens. With this new measure in place, the government seeks to strike a balance between attracting foreign investment and safeguarding the interests of local residents. Foreign property buyers will now need to carefully evaluate their options, while Singapore continues to solidify its position as a thriving and resilient real estate market.
Types of Housing In Singapore There are 2 main types of housing in Singapore. HDB and private properties. HDB is a type of subsidised public …
When it comes to leasing industrial properties, tenants often need to carry out renovations and fittings to customize the space according to their specific requirements.
Singapore’s commercial real estate market presents a compelling investment opportunity for those seeking long-term capital appreciation and rental income. While there are risks involved, proper due diligence and a solid investment strategy can help investors navigate the market and unlock its full potential. With the right approach, investors can tap into the growth potential of Singapore’s commercial real estate market and achieve their investment goals.
Learn the essential steps to become a Real Estate Salesperson (RES) in Singapore, from taking the RES course to registering for your license.