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|Singapore Real Estate|
|Singapore Property|| |
Healy Consultants independently assists clients effectively and efficiently manage all legal, accounting, finance and tax matters relating to the purchase and sale of Singapore property, including residential and commercial property in the primary and secondary market. Key factors of interest for our clients with relation to Singapore property include:
Foreign investors are attracted to Singapore property for buy-to-let purposes. Singapore property offers good potential returns on investment.
Singapore property is also attractive for international entrepreneurs who wish to live in the city. Confirming this, the UK's Mercer Human Resource Consulting rates Singapore one of Asia's most sought-after cities for living in its 2010 Quality of Living Survey, and the world's 28th most livable country
Residential Singapore property is booming – in 2010 collective sales in the 2nd quarter reached 3955 units.
Singapore property is available for foreign investment. However, investors wishing to purchase landed Singapore property are required to obtain approval from the Singapore Land Authority (SLA). That said, availability of landed Singapore property remains tight - according to the SLA only 1,872 landed units are under construction and another 2,579 are planned in the next five years.
Foreigners and permanent residents (PRs) accounted for almost one quarter of all residential sales in Singapore property in 2007.
Residential Singapore property pay an annual property tax based on rental income. Singapore property tax is payable by the owner regardless of whether in the world they live and regardless of nationality.
Investment in Singapore property continues to rise. Singapore’s investment sales market in the Q2 2010 has strengthened further, recording a 24.3% increase to S$7.11 billion, compared with S$5.72 billion in the Q1 2010.
The overall price index for private homes climbed from 175.0 points in Q1 2010 to 184.2 points in Q2 2010. This is a 5.3% increase over the previous quarter.
Singapore Lawyers - this page showcases our law-related services, including how we liaise with Singapore lawyers on our clients' behalf.
For more information on Singapore property, please call our Singapore office at (+65) 67350120 or email us here
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