After diving for a year, it is time for this activity to take a back seat as I start to plan what I can do with my extra money. Besides spending on diving holidays, it will be wise to use the extra money for investments. I am staying in Singapore and in this country, property seems to be the best bet for long term investment. As land is scarce and the population is growing with more foreigners, there will always be competition for housing.
It is especially prevalent in the past 5 years that more developers are building condominiums for sale either to Singaporeans or to foreigners from China and Indonesia.
To invest in Singapore property, much research is required because you have to consider every factors from the resale to rental value. Properties in certain areas are known for higher resale whereas others make good rental yields. Therefore, it is wise for foreigners to consult local property agents to state their requirements and make the right purchase.
In fact, recently, there have been quite a lot of condos in Punggol Singapore that are being put up for sale. Punggol is located in the northeast of Singapore and it a piece of land that will certain increase in value. After the launch of the river park where families can play water sports and also row boats, more and more buyers, investors or home buyers, are flocking to the area to view the latest properties on sale. The prices here are still affordable as it is further away from the town center. Per square feet costs around SGD$700 to $800 and it is largely affordable for most people.
However, if budget is your concern, you can bypass Punggol to go to the neighboring estate Hougang where there are also some properties for sale. The latest has to be Parc Vera Hougang Condo which has just started selling this month. This condo is located along Hougang Avenue 7 and it faces the Serangoon river which is a park connector to Sengkang and Punggol.
Be it in Punggol or Hougang, it is definitely time to invest in a Singapore property to keep your money intact in the long run. With just a cash of over SGD$100,000, it should get you a unit in this part of Singapore easily.
