Hillview Peak Condo at Hillview Avenue
In a 2012 Forbes report, Singapore was chosen in the 6th best country for someone to become born in 2013. At 6th position, Singapore is takes the top spot for the best country in Asia to reside in. The report attributes Singapore’s rise, from 36th position this past year to 6th position this year, to some thriving sea port, affluence of the nation, and exceptional standard of living for locals.
Hillview Peak Condo
The reason why that Forbes stated are the explanations why many locals and several foreign investors elect to purchase real-estate in Singapore. Singapore offers political stability, economic stability (as evidenced in the country’s resilience to economic fluctuations in the past decades), and just since the Forbes report says, living life in Singapore simply good.
Due to Singapore’s favorable political, economic, and social situation, it is a magnet legitimate estate investment from not only the locals who upgrade on own stay, additionally, it attracts investors, notably from Malaysia, Indonesia, and China, to purchase property. Previously decade, from 2001 to 2012, private property prices has risen 72.7%, according to the Singapore Residential Price Index (SRPI), authored by the National University of Singapore (NUS).
As a result of meteoric increase in interest in Singapore real-estate, there is many choices for property hunters in Singapore. By date, there’s two,453 different condominiums and apartments, eliminating private landed properties.
Therefore, choosing and getting a house in Singapore is daunting. With the presence of 2,453 unique property developments inside a mere 723.2km2 land size, Singapore has just about the most dense property development: land ratio on earth. Choosing a good property to buy is really no easy feat.
Proximity to MRT will be the main criteria
The three golden rules in property investment has always been “Location, location, location”. However for those familiar with real estate market in Singapore, these golden rules are “MRT, MRT, MRT”. MRT stands for Mass Rapid Transit, the Singaporean term for your train or subway system.
It’s been shown, in the past 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 small country like Singapore, trains and is the main mode of transportation for many people, and travelling by MRT has long been chosen over buses, as MRT provides comfort through the journey and timing reliability. It’s the choice mode of transport especially for expatriates residing in Singapore, simply because they tend not to drive, and their main workplace, Central Business District, is obtainable by MRT.
There are many reported cases in the national newspaper previously year, that existing condominiums saw a 30% boost in asking price overnight, immediately once a new MRT station within easy reach towards the condo was announced.
The proximity to MRT, therefore, may be the primary criteria for selecting a good property in Singapore.
Being close to amenities, schools, and expressways
The following criteria when choosing property in Singapore are proximity to amenities, top schools, and expressways. These importance of these criteria vary from individual to individual, together may place more importance in becoming near a premier junior school for his small children, while another may place more importance in being near the expressway exit since he drives. If a property development includes a good balance, being close to amenities, schools and expressways, then the property are usually in very hot demand, not only to the initial sales launch, but in addition through the years if the owners and tenants are available in to stay.
It really is these properties – being close to MRT, amenities, schools, and expressways (transport links) – that command top quality, and consistent rental demand.
In choosing a new property to buy, in the 6th best country on the planet to reside in, it’s these criteria that will set the really good properties apart from the mediocre.
Hillview Peak Condo is really a New Hillview Launch Condominium near Hillview MRT, produced by Kingsford Development Pte Ltd.
Full Location information, Brochure, Floorplans, and cost can be obtained at http://www.hillviewpeak.org