5 GREAT REASONS TO HAVE REAL ESTATE IN SINGAPORE

There are so many real estate projects in every country in the world! However, what makes housing in this real estate worth owning? Some people consider that owning real estate in developed countries is very profitable. If you don't want to live in it, it could be used as an investment for the future. However, have you ever thought carefully before deciding to buy a residence in real estate in a country? Like Singapore, a small country that is rapidly developing its economy and civilization in the Asian region. There are certainly several things to consider when owning residential real estate in this country. Here are things you can pay attention to!

1. Leverage Points That Can Support Your Finances

Leverage makes your financial equity factor stable. This is because the interest rate is below the standard level, making it possible for you to buy a house with a decent and elegant design in real estate.

Another advantageous thing is purchasing at the right time, where the money you get will be more than normal purchases, you could also say extra payments over a period of several years.

2. Stable Passive Income

Having a house in real estate doesn't mean you have to live in it. The house can be rented for residence, office, small-scale business, studio (for TVC shoots), and many other things of a commercial nature. Furthermore, you will not suspect that the rental income can offset the mortgage expenses. Indirectly, equity in investment will be built firmly.

3. Tax-Free Capital Gains

As property prices rise, that's what happens to real estate. The pattern is a capital gain that occurs as real estate is sold or real estate prices increase within a year.

4. Financial Increase In A Natural And Stable Process

People with fantastic amounts of wealth in Singapore are people who own a lot of real estate, or at least manage their finances by relying on profits from real estate. Can invest in or own a large amount of real estate. You can also create an appreciation for HDB ownership, and this is very attractive and has personal financial value.

TIONG BAHRU: AN AESTHETIC AND TRENDY PLACE TO LIVE IN SINGAPORE

Rooms Available For Rent

Tiong Bahru is truly iconic in Singapore. This place is surrounded by many cafes, indie boutiques, and even displays of specially made murals, so it has become a distinctive feature. It's not surprising that artists and art lovers always target this place. Local culture lovers also always contribute to this place. Initially, this area was central for housing, which was first created in Singapore around 1920. Art deco and retro building styles abound in this place. Therefore, the architectural conditions in this place become an identity, helping to build a sustainable charm in a residential and tourist context. In terms of architectural content, Tiong Bahru is a district that combines contemporary and traditional styles. Anyone who comes to this place can, of course, linger to enjoy the vintage coffee shop and lie down comfortably in the rooms that can be rented. Even though it seems old-style, this place is very dynamic in the eyes of urban people. That's why urban people almost fill most of this place.

Mobility In Tiong Bahru

It's so easy to access any place from Tiong Bahru, and vice versa. Tiong Bahru MRT Station is always ready to make your mobility a reality, starting from the east-west line and then connecting to the Central Business District. In Tiong Bahru, there are also large supermarkets, ideal shopping areas, and mouth-watering hawker centers. These places are close together, so you can make the most of the day. Tiong Bahru is also very friendly for people who enjoy cassettes and books, amidst today's sophisticated digital world. Good mobility in Tiong Bahru can make anyone want to spend the weekend in this place.

Comfort Room In Tiong Bahru

The dimensions of the space are quite spacious, making your movements not boring. Apart from that, standard facilities, such as existing furniture, also support the activities carried out during your stay. Don't forget the availability of the internet to be able to browse virtually and stay updated on social media. It doesn't matter if you want to work remotely, of course, it will make your working mood even more enthusiastic and give you lots of inspiration.

VALUE OF RESIDENCE ITS ASSETS IN REAL ESTATE

Real estate is an industry that is always in the spotlight, even though there have been obstacles in recent years, especially the economic downturn as a result of the pandemic. There are many factors that cause this to happen, including the stigma of society, which does not consider it important to own a house. In fact, the existence of a house is an important element of personal identity as well as the most comfortable place in everyday life.

On the other hand, investors always see real estate as something with great potential. Even for a few people, owning a house is a very valuable asset.

Significant Decrease In Ownership

Around the first quarter of 2019, the property industry entered the top 3, after culinary and automotive. In fact, it could be said that development is still within normal levels. However, COVID-19 has really drastically affected property development. According to the observations of property business observers, in 2020, the real estate business will fall by 70%. Of course, purchasing power is very low because people during the pandemic are more focused on health than on owning a residence.

Getting Through The Pandemic Period

The New Normal is said to be the revival of the real estate business, where the mindset for lifestyle changes is fairly spontaneous based on the reality that requires prioritizing healthy living. The growth of the real estate business is capable of reaching 2.68% in 2021. Investors and those interested in non-moving assets are starting to flock to home ownership.

It is not surprising that the real estate sector has increased by 3.24%, and property observers say that a lot of land will be prepared for real estate. In 2021, many people are interested in new normal housing, and this also makes architects work together to create their best work. A very popular architectural concept related to this is a house equipped with a special area that aims to sterilize the body after outdoor activities so that residents inside the house are not contaminated with viruses.

Is It Ideal To Own A Residence In Real Estate As An Investment Asset?

To help maintain financial stability, owning assets such as a house is an important right. The future is an unpredictable situation, so a person's readiness to anticipate financial conditions, which often fluctuate, is appropriate for owning a house. The house actually goes beyond its function as a place to live, further than that, the house is capable of being a business driver on a small scale.

As a capital gain, a house is an excellent object. There was a moment when land and building prices experienced an upward trend. When a situation occurs, your source of financial income can increase.

Home ownership in real estate is a good strategy to support loan collateral, where the reputation is very good and has a credible trust value.

A right step to help stabilize financial conditions, such as having assets in the form of home ownership in real estate, is to just make sure to buy them with long-term funds so that your financial condition remains on a safe track while also anticipating unexpected funds that arise in your daily activities.