Why do foreigners still buy real estate in Singapore despite the 20% tax?


  • admin

    Why do foreigners still buy real estate in Singapore despite the 20% tax?


  • admin

    Many Ultra rich/high net worth rich people aren't particularly worried about the income they derive from the investment. Their primary concern is the safety of their money, their family, and themselves.
    These people need to park their money.
    Singapore is a leader and is the most stabilized and Prosperous country among its peers in the whole of southeast Asia. It offers excellent governance, security, banking, infrastructure, and investment opportunities. Which other nation can you think of; Cambodia, Laos, and Vietnam are communist, Thailand, Philippines, and Malaysia have been experiencing political instability, Brunei nearly doesn't exist in overseas investing, Indonesia had severely burnt hands of many investors in the past..
    What Singapore provides comes at a cost that the foreigners are ready to pay willingly, and the Singapore Government is smart enough to tap into this weaknesses and insecurity and turns these into opportunities for both.
    Long live Singapore!!!