A report in the Singapore TODAY newspaper which is distributed free in Singapore notes that while there has been a decrease in property transactions within Singapore, there has been a pickup in marketing efforts for overseas properties from as near as Malaysia to as far as the United Kingdom.
Singapore property investors are increasingly attracted by potential opportunities overseas as the local market takes a breather. With the current low savings rates, they are looking for better yielding assets to park their money.
Company director at Homesgofast.com Nicholas Marrââ¬Â We have seen a renewed interest in UK and European properties from Singapore based investors and it makes sense for property professionals to target the region. Investors are now looking away from the local markets to snap up overseas property that provides better returns than local banks or stocks.ââ¬Â
Smaller than New York City and the only Southeast Asian nation without natural resources, Singapore has grown 189-fold since independence in 1965, helping boost GDP per capita to $36,537 last year from $512. Singaporeââ¬â¢s gross domestic product will cap its fastest annual growth this year since independence, rising as much as 15 percent to about $210 billion
Are you looking to buy property in Singapore ? Singapore
Are you looking to rent property in Singapore ? Singapore
Author
Nick Marr
I am an internet entrepreneur with a passion for driving big audiences and a love for real estate. I have had plenty of ups and downs which has given me the experience to help others launch their own businesses. I enjoy projects that save consumers time and money, challenge convention and add real value to peoples lives.