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Singapore is located in the heart of Asia, strategically placed at the cross roads of trade between the East and the West. A vibrant city- state of about 712.4 sq km, with a cosmopolitan population of 5.4 million people. Singapore is well regarded as a triple- A rated economy with strong growth potential- a sound, stable and winning location for investments as well as business.
Global investors and talents are attracted to work. live and play in Singapore by its transformation into a truly global metropolis. And many had decided to leverage on Singapore's growth by investing in real estate assests in the country. The last few years had seen an increase in foreign real estate investment in Singapore's residential and commercial property sectors.
Today, foreign institutions and foreign high net-worth individuals form nearly 27% of private residential property buyers in Singapore. The majority of international buyers are from Malaysia, Indonesia, China, Korea, United Kingdom, United States and Australia. Foreign institutional investors include funds and companies from Germany, Middle East, Australia, United States, Europe and Asia.
Singapore is an attractive location for investment for three key reasons – it's strong economic fundamentals and good economic, social and political management, the quality living environment it offers and its strategic location within a few hours' flight from the major cities of Asia.
Singapore has leveraged on the wave of growth of the region and is among the fastest growing economies in Asia. From an economy relying on export and manufacturing, Singapore's growth is now driven by a diversity of engines: financial services, logistics, education, medical services, biomedical sciences and research, information communication, construction and tourism. The planned expansion of its population from 5.18 million to 6.5 million will be another important growth factor.
The Singapore Government has also given a strong commitment to business and real estate infrastructure to attract global investors and tourists. These include the Singapore Grand Prix, the first Formula One night race in the world; the Marina Bay Financial Centre, an international business and financial hub; the Marina Bay Sands developed by Las Vegas Sands; Resorts World Sentosa with Universal Studios; the 101-hectare public Gardens by the Bay on prime waterfront land; Singapore Flyer and Esplanade - Theatres on the Bay; and new malls along Orchard Road, Singapore's prime shopping district. These attractions are transforming the country into an even more exciting place for all to live, work and play.
A truly cosmopolitan city, Singapore is a country where more than a million talented foreigners call home. With its multi-racial, multi-cultural and multi-lingual heritage, Singapore is where a confluence of values, cultures and lifestyles co-exist harmoniously. It is an exciting city-state where foreigners find it easy to settle in.
Key reasons foreigners are attracted to invest in or buy properties in Singapore are as follows.