The Luxury Property Market
Luxury Properties in Singapore can be generally categorized into 2 themes. City Living and Waterfront Living. The main luxury districts 9,10 and 11 generally offer city living lifestyles which are more vibrant and energetic. They are located around Singapore’s main shopping belt along Orchard Road. The city center also has much to offer for the arts and culture enthusiasts. The wide range of museums with different themes; theatres offering performances from renown orchestras, musicals and plays will have you spoilt for choice.
District 1 is a bayfront luxury residential district where most of the luxury properties offer views of the marina bay. It is located right in the midst of the central business district and therefore is a choice district for expatriates working in the central business district. Almost all the residential properties in this district are 99 year leasehold. Some of them offer decent yields and are suitable mid to long term investment spans
The waterfront district 4 offer serenity and calm waterfront lifestyles for yacht collectors or people looking for respite from the faster paced city lifestyle. They are located around Keppel Bay and on Sentosa island. The waterfront districts are however only about 10 minutes drive from the city center and central business district. Therefore the stimuli of the city can be reached conveniently too. The variety of luxury properties available in Singapore spreads far and wide. Regardless of the kind of lifestyle or design theme you prefer, there is something for you.
Why a Luxury Property in Singapore?
Why are Eduardo Saverin and Jim Rogers in Singapore? Safety, Transparency, Accountability, Predictability and Reliability. Singapore has been referred to as the Switzerland or London or New York of South East Asia by many elites. Singapore has a reputation of being one of the cleanest and safest country in the world today. As a garden city state in the tropics of South east Asia, Singapore is blessed with sunshine and summer all year round and out of the quake zones. Where you can leave your investments to grow with a peace of mind and enjoy your life.
Singapore is a city state in South Asia. One of the 4 tiger economies of Asia alongside Hong Kong, Taiwan and South Korea. It is often referred to as the Switzerland, London or New York of South Asia. Reputed as one of the safest, cleanest and most livable country in the world, Singapore has attracted some of the biggest companies and elite expatriates from around the world to establish themselves here. Singapore operates one of the busiest ports in the world and is one of the major financial centers in the world.
With no capital gains tax, no inheritance tax, a transparent property tax structure and fair open market, investors can leave their properties and investments to grow with a peaceful mind and reap the profits completely.
How long does the buying process take?
It usually takes about a week to explore the available options on the luxury property market. Starting from the day a buyer decides on the right property, the buying process takes 3 to 4 months to complete.