Hillview Peak Condo at Hillview Avenue
Inside a 2012 Forbes report, Singapore was chosen at the 6th best country for an individual being born in 2013. At 6th position, Singapore is takes the most notable spot for the best country in Asia to live in. The report attributes Singapore's rise, from 36th position last year to 6th position this coming year, to a thriving sea port, affluence of the country, and exceptional standard of living for locals.
The causes that Forbes stated will be the main reasons why many locals and many foreign investors decide to invest in real estate in Singapore. Singapore offers political stability, economic stability (as evidenced in the country's resilience to economic fluctuations before decades), and simply as the Forbes report says, living life in Singapore simply good.
Hillview Peak Condo at Hillview Avenue
Due to Singapore's favorable political, economic, and social situation, this is a magnet the real deal estate investment from not just the locals who replace on own stay, it also attracts investors, notably from Malaysia, Indonesia, and China, to invest in property. In the past decade, from 2001 to 2012, private property prices has risen 72.7%, based on the Singapore Residential Price Index (SRPI), authored by the country's University of Singapore (NUS).
Because of the meteoric rise in interest in Singapore real estate, there is many options for property hunters in Singapore. By date, there are 2,453 different condominiums and apartments, not including private landed properties.
Therefore, choosing and buying a house in Singapore is daunting. With the presence of 2,453 unique property developments in a mere 723.2km2 land size, Singapore has just about the most dense property development: land ratio on the planet. Choosing a good property to buy is really very difficult feat.
Proximity to MRT may be the main criteria
The three golden rules in property investment happens to be "Location, location, location". However for those knowledgeable about real estate market in Singapore, these golden rules are "MRT, MRT, MRT". MRT represents Mass Rapid Transit, the Singaporean term for the train or subway system.
It's been shown, before decade, that properties near MRT stations are most resilient in resisting price falls in periods of bad economic situations, but posts the best capital appreciation in good economic periods. As a result, properties near MRT stations will always be in hot demand.
In a tiny country like Singapore, trains and may be the main mode of transportation for many people, and travelling by MRT happens to be preferred to buses, as MRT provides comfort through the journey and timing reliability. It is the choice mode of transport especially for expatriates living in Singapore, since they tend not to drive, in addition to their main workplace, Central Business District, is accessible by MRT.
There are several reported cases in the national newspaper before year, that existing condominiums saw a 30% boost in price tag overnight, immediately after a new MRT station within walking distance for the condo was announced.
The proximity to MRT, therefore, may be the primary criteria for picking an excellent property in Singapore.
Being in close proximity to amenities, schools, and expressways
The following criteria in choosing property in Singapore are proximity to amenities, top schools, and expressways. These significance of these criteria change from person to person, as you may place more importance in being near a high junior school for his young kids, while another may place more importance in becoming close to the expressway exit since he drives. In case a property development includes a good balance, being close to amenities, schools and expressways, then a property will be in very hot demand, not only to the first sales launch, but additionally throughout the years if the owners and tenants come in to keep.
It is these properties - being near to MRT, amenities, schools, and expressways (transport links) - that command quality value, and consistent rental demand.
In choosing a fresh property to purchase, within the 6th best country in the world to live in, it really is these criteria that will set the really good properties in addition to the mediocre.
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Hillview Peak Condo can be a New Hillview Launch Condominium near Hillview MRT, produced by Kingsford Development Pte Ltd.
Full Location information, Brochure, Floorplans, and cost are available at www.hillviewpeak.org