Singapore is a unique place, being one of the smallest country in the world with a population of slightly over 5 million, it is punching above its weight in many aspects, despite the fact that this country has no natural resources and was a third world nation when it gain its independence in 1965 from their colonial master, Britain. Singapore is totally unrecognisable from the time it gained independence; strong government leadership and the hunger of its citizens to propel the country forward lead to lightning speed progress in the country, becoming from a third world country to a first world country in relatively short span of time. Singapore’s thirst for excellence is visible, being one of the most competitive economies in the world, with excellent education system, world class in medical field and is also one of the richest nation.
Singapore is always placed in comparison with Taiwan, South Korea and Hong Kong in the past, where they are called the Four Asian Tigers. The current situation in Hong Kong is no doubt unsettling for Asia, and will by no means affect the economies in the continent itself, but many expect that the unstable situation will create an opportunity for Singapore, since it is an independent country. Many expected to see a shift in wealth from Hong Kong to Singapore, and that includes property purchase from investors who see an opportunity in the property market in the city state, as it is significantly cheaper than the property price in Hong Kong.
The shift is also largely contributed to the fact that Singapore is a very politically stable country that takes active measures to stabilise property prices in Singapore to prevent bubbles from forming. The popularity of Singapore’s property market as a form of investment vehicles can be evidenced by the huge foreign ownership of luxury property segment, where buyers are mostly from China, Indonesia and Malaysia. The popularity brand of Singapore can also be evidenced with a healthy dose of immigration and expatriates into Singapore.
In the recent years, foreign investors have also begun to look into suburban properties due to the lower quantum and stability and potential appreciation factors. Ki Residences condo presents a very good opportunity for this group of investors as it is a 999 year leasehold new project launch. Ki Residences is situated near Sunset way, in the former Brookvale Park condo, where it was sold enbloc to Hoi Hup Sunway developer in 2018. Ki Residences Singapore will be a rare condo project as most leases in Singapore is only 99 years, and it will consist of 660 condo units from one bedroom to 5 bedroom. The developer expects this new condo project to be very well sought after due to its tranquil location and the rarity of its 999 year leasehold status. The launch of the project is expected to be in the third quarter of 2020 with the mode of sale to be done through balloting.
For more information, please visit: https://www.ki-residencescondo.com/