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Singapore Property Tips
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Singapore Property Rentals
Investing in a property in Singapore is appealing to most property investors for different types of reasons. First, investing in Singapore property rentals is the easiest way for a property investor to get into real investing. Besides that the property investors in Singapore learn a lot in terms of Singapore Real Estate Finance and property management.
Investing in a property is good because once you purchase the property you can be able to sell the property in the coming years and make good profit. If you are a property investor who owns different types of properties in Singapore you need to have a property agent so that he can be collecting and maintaining the property. Singapore has different types of properties that one can be able to rent some of them include:
Apartment Buildings
The advantage of the apartment buildings is that their prices are mainly based on income. Unlike houses, investors are the only people who can be able to buy and rent them. If you invest or rent an apartment in Singapore one is assured of decent flow of cash. Another benefit of renting apartments is that their prices are based on only net income. If a property investor finds a building with very low rents, he is at liberty to increase the value. The down fall of apartment building is financing them and down payment is needed and a must in most of them.
Small Unit Residential Property
Majority of people in Singapore live in this type of houses in Singapore. Small units are not that expensive and finding people who want to rent is quick and so easy. The downfall of the small units is that the property investor receives low income and late payments of the rent. Another disadvantage is that most people who live in these houses like demolishing the roof, windows and ceilings so renovation has to be done each and every time.
Town Houses
These types of houses are rented by people who mostly need a lot of privacy and are accompanied with facilities such as swimming pools, gyms, playing ground and 24 hour security accompanied with a security guard.
There are other property developers who see Singapore property rentals a big failure, while others view renting as a big benefit while others view that purchasing a property is the end of his poverty life and all his troubles. This goes with one personal preference and also financial status.
The advantage of Singapore property rentals is the ability to save money so that the money can be used to purchase the property. Another benefit of renting a property in Singapore the maintenance requirements are minimal especially when the renter is in an apartment. The renter only needs to buy a few items like bulbs which he will be changing each and every time. Leaks in plumbing or ceiling or paintings that are needed others property investor performs. Renting in Singapore is better compared to purchasing a property in Singapore.
Billy Chen
CEA Registration Number : R029372I
Tel: (+65) 88689999
Fax: (+65) 64021826
billy@billychen71.com
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