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Today Singapore is one of the most popular tourist destinations in Asia. The Republic of Singapore is one of the few city-countries in the world. Located at the southern tip of the Malay Peninsula Singapore is an international business hub with a majority of Asia’s banks and commercial organizations located in Singapore. At just 704 square kilometres Singapore may not be the largest country on the planet however what it does not have in terms of size it makes up for with economy. With foreign reserves of nearly $212 billion, Singapore is also one of the richest countries in Asia on an area to GDP basis. Today Singapore is the 18th wealthiest nation on the planet and is second only to Japan in the list of wealthiest nations of Asia. Although the land area of Singapore is only about 704 square kilometres it is one of the most developed countries in terms of real estate and civic law. There is no shortage of developed real estate when it comes to condominiums, penthouses and regular apartments in Singapore. In fact the impressive growth of Singapore has sparked of a real estate boom in recent years and more and more overseas investors have started buying flats, condos and penthouses in Singapore. Almost every square inch of Singapore is utilised to the maximum and places like ‘The Sail’ located in the posh marina bay have become popular with people all over the world. In fact the architecture of Singapore is truly world class and is a fusion of the best designers in the world coming together to create a city with limitless possibilities. Standing at 280 metres each the Republic Plaza, UOB Plaza One and OUB Centre are the tallest buildings in Singapore. With time Singapore has fast become an ideal blend of traditional and new age architecture. With people of mixed ethnicities residing in Singapore it is not uncommon for a Mosque, Temple and church to be located within walking distance of each other. In fact the Sri Mariamman Temple is one of the many religious buildings that are now referred to as national monuments for their historical importance. English being the administrative language most people in Singapore today speak English and this is why overseas companies and investors have no trouble in establishing major electronics factories in Singapore. Another important aspect is that the crime rate in Singapore is extremely low and there have been no know terrorist activities in Singapore since independence. Another factor in favour of Singapore is that Singapore is strategically located and 10% of Singapore’s GDP is made up by the transportation industry alone. If you are looking for an Asian Country to buy real estate in then Singapore should be the default choice, not only is it a safe country to live in, it is also strategically located and is an international business and transportation hub. If you are looking for an Asian city that can rival any European city then Singapore is perhaps the only city that can claim to do so in Asia. In terms of education too Singapore has a well developed educational system, in fact the reason why most overseas investors even consider settling down in Singapore is because there is no shortage of world class facilities in Singapore, and the educational system is truly world class. Singapore has an excellent public school system and also offers world famous private schools. In 2001 INSEAD one of the leading management schools in the world started their management campus in Singapore. A major concern for overseas investors is the educational system of a country and this is where Singapore comes through with flying colours. Singapore does not have to sell it self to overseas real estate buyers; it already has pretty much everything an overseas buyer needs in terms of transportation, facilities and education.
Article Source: http://www.articlewarehouse.net
Wee Jun Wei is the author of this article on Property in Singapore. Find more information about real estate in Singapore here.
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