Singapore is situated in southeastern Asia, between Malaysia and Indonesia. It has a total area of 692.7 sq km, including 10 sq km water area. The country has a coastline of 193 km and it is about 3.5 times the size of Washington, DC.
Singapore became a British trading colony in 1819 and eventually developed into one of the empire's most important trading centers. Singapore joined the Malaysian Federation in 1963 and remained part of the federation for two years. The country became independent on August 9, 1965. Now Singapore is one of the world's wealthiest countries with strong international trade. Singapore's seaport is one of the world's busiest ports in terms of volume handled. The country has a per capita income equal to that of the leading nations of the world.
Singapore has a population of 4,553,009, and a population growth rate of 1.275%, according to latest statistics available. The population consists of 76.8% Chinese, 13.9% Malaysians, 7.9% Indians and 1.4% others, according to 2000 census.
A number of commercial and industrial property services and agents are available in Singapore. Most of them offer comprehensive real estate property listings of office, factory, land, shop, warehouse, retail space, building, hotel, restaurant, coffee shop and food court available for sale or rent. If you are buying, selling or renting your commercial property, it is advisable that you hire the services of a reliable real estate agent. Owners very often list their real estate properties with these agents for sale, rent and lease. They help owners market their property with maximum exposure and commitment. You can also resort to online search.
If you are buying a private property or housing development board (HDB) unit in Singapore, ensure that you understand all the pitfalls before you sign the deal. That would help you avoid getting into legal or financial tangles during and after the transaction. Find an agent who is familiar with your preferred location and the nature of property you have in mind. It is highly recommended that you hire the services of an agent from a listed real estate agency. Also ensure that he is a member of the Institute of Estate Agents (IEA). Discuss your requirements with the agent and let him know your preferences in detail. This will help him take the right decisions and serve you in a professional manner.
It is also highly recommended that you ascertain that the seller is the actual owner of the property. You can also request for proof of ownership before signing the documents. Also, verify if the seller is legally eligible to sell the property. In the case of a mortgaged private property, the bank may not allow an owner who is unable to top up the shortfall on his bank loan to go through with the transaction.
Remember that HDB development units have several restrictions for resale. The government has fixed a minimum period of occupancy for the seller before he would be eligible to sell the unit. In the case of a flat bought directly from the housing development board or bought with a Central Provident Fund grant, the owner must have physically occupied the flat for at least five years before it can be sold.
The owner of a resale unit must have physically occupied it for a period of 30 months before he can sell it. Remember that real estate transaction is a legally binding contract. You must first ensure your eligibility to purchase a property. Foreigners have certain restrictions to buy Singapore properties. Only an experienced real estate agent can help you avoid legal complications.
Once you have finally decided on the location and size of the commercial property that you would buy, consider the amount of money you are able to invest. A number of software exists to help your agent accurately calculate the cost of buying a property. It is important that you provide your agent with accurate data regarding your financial position. That will help him chalk out a proper financial plan for you. If you are going for a bank loan, it is a good idea to talk to two or three banks and find out a financial plan that suits you most.
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Expiration date and how to renew
By: Judy | 19-08-2008
I want to know how get online information. I am a cna and would like to have access to the texas department of human services-cna registry.Can my certification be renewed, after it has been expired(issue date 11/07/03)?
I need the final report of the meeting
By: Dante | 19-08-2008
Someone know where to get the final report of the 7th annual conference about thinkin in Singapore 1997???
Lien on co-owned home from 2002 Judgment?
By: APhoenixRisen | 18-08-2008
In 1998 one of my credit cards went delinquent. In 2002 I lived in Colorado but the company got a judgment in NY. Now I live in Alabama and got a call from a collector threatening to put a lien on the home I co-own with my disabled son. Can they do this? How can I protect our home? I am under-employed and my son is permanently disabled. Isn't there some sort of exemption or way I could protect my our home? How long will there be a danger to our home from this 2002 judgment?
How do I find out about my families properties?
By: Sheri | 18-08-2008
I was adopted by my grandparents when I was 5 and my birth father died the same year. He had property in the Bahamas in the 70's that we didnt know about. How do I find out about the property he was suppose to own,without spending a fortune
What is a patriot lien
By: cpindy | 18-08-2008
what is a patriot lien
Seeking Employment
By: Lola | 18-08-2008
I am seeking employment in the field of accounting or property managment, do you know of any companies in the Orlando area that is hiring? I am also proficient in a managment software TOPS, please advise and THANKS!
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