Topics Covered In The Book
First Time Buyers
As a first timer, you need to understand what you are eligible to buy. If you are buying a public property from the HDB, you should understand you can only purchase when you attain the age of twenty one(21) if you are moving in with your family. If otherwise such as single or divorced, it takes an age of thirty five(35) years. Same rules apply when purchasing from a public-private housing.
Private Property Singapore
For instance, private properties can be leased out for at least three months to short-term visitors, while HDB flats have a minimum rental period of six months. Most private properties can be sold off. The opposite end of HDB is private houses, which are significantly more expensive than HDB flats, but comes with less restrictions.
Singapore’s Current Economy
Singapore’s economy has gained from a high influx of Foreign Direct Investment (FDI) due to its environment to accommodate investment. Singapore’s potent economic buoyancy reflects its outward-oriented development strategy. The economy is heavily hinged on exports, mainly in electronics and chemicals.