Meyer Mansion Guocoland – Info

Located off the coast of Malaysia, the Republic of Singapore is one of the busiest commercial hubs in the Malay and Asian region. Still, thanks to an extensive Mass Rapid Transit (MRT) system that covers most parts of this island country, it is relatively easy to move from one region of the country to another. The four official languages of Singapore are Malay, Mandarin, Tamil, and English. In terms of investment opportunities in Singapore, the real estate sector is quite lucrative. Some of the benefits of investing in Singapore’s real estate market include:

Investor-Friendly Environment
According to the 2013 Index of Economic Freedom, Singapore has the second freest economy in the world. The Corruption Perceptions Index ranks this Asian nation as one of the least corrupt countries in the world. In addition, it is the 14th largest exporter and the 15th importer in the world. These statistics show that Singapore is an investor-friendly nation. What’s more, the country has a robust government and mature political system, and this translates to low political risk. For further information regarding this, feel free to visit them at Meyer Mansion Guocoland

Financing Available To Foreigners
Foreign investors can easily access financing to buy properties. Financial institutions can offer up to 80% mortgage finance to foreign investors. However, it is important to note that the terms and conditions of such loans generally vary from one lender to another. Repayment periods for such loans range from 25 to 35 years. Moreover, interest rates in Singapore are quite low and foreign investors do not have to worry about capital gains tax.

Attractive Rental Yields and Minimal Transaction Costs
Singapore has attractive rental yields. Figures published by singaporepropertycycle.com show that from 2008 to 2013, rental yields ranged between 4.08 and 7.38. However, the return on your investment will depend on factors several factors including the location of your new launch property. In addition, a property investor has to take into account costs such as maintenance fees, solicitors’ fees, agents’ fees, stamp fee and taxes where applicable. It is advisable to consult a real estate agent if you would like to learn more about these costs. In general, expect to pay three percent of a property’s price as legal fees and stamp duty, and two percent as agent commission. Compared to other Asian countries, these transaction costs are minimal. For instance, in Indonesia, transaction costs add up to 26.37% of a property’s asking price according to statistics published by sgpropertyinvestors.com.