Just Not Yield but Also Stability
Of course not without reason people from Indonesia rollicking buy an apartment in Singapore. Many factors have made the Indonesia people flocked to buy homes in the City of tall Merlion. Example, credit interest offer very low. Just imagine interest free credit facility property 2%-2.5% per year said Proud Nirwanjaya, property analysts. Compare with interst in Indonesia is an average of 12.5% per year.
It was so, the request for credit is also easy. in fact, prospective buyers who had buried his money in banks in Singapore with a certain amount also get other facilities. The bank will contact the developer directly. Later, the developer will take care of everything. Cooperation with the developer’s bank closely, Proud said.
Credit period apartment in Singapore is much longer than here. There, buters can pay by installments apartment until the age of 65 years. So, if you take the credit at the age 35 years, you can pay by installments over 30 years. While in Indonesia, credit tempo at best 15 years.
Not only for housing, some buyers of apartments in Indonesia chose Singapore for investment. Instead yield was better than Malaysia. Now, Malaysia began to follow in the footsteps of Singapore, said Proud.
But true, according to property analysts from Jones Lang LaSalee Indonesia Anton Sitorus, interest are cheap and decent yield tantalizing only additional factor. People who buy property to compare yield less. They chose Singapore because of promises of economic conditions, social, and political stability.
Djodi Trisusanto, VP Corporate Advisory Jones Lang LaSalle Indonesia, added that rich people from Indonesia is interested in buying property in Singapore as well as property investment climate there is more certain than in Indonesia. Capital investment gains apartment in Singapore is around 3%, but more certain, he said.
What makes Singapore residential property more attractive, there Singapore govetnment allows foreign nationals to own property with the alias free property hold for 99 years. Even so, investors should remain selective in the country to hunt apartment Tumasik it. Proximity to the MRT or mass rapid transportation is one prerequisite to boost prices. Understandably, this type of transportation modes most popular in Singapore. Proximity to Orchard Road can also be a consideration. Therefore, this shopping area became a meeting point of the most popular in Singapore.
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