Singapore’s stable economy and political climate has made it the go-to location for high net worth investors seeking luxury residences. Political instability in the world can greatly disrupt the real estate market. One would think that Singapore would be susceptible to market disruptions with so many wealthy investors flocking to Singapore’s shores to buy property. Can Foreigners Purchase Bungalows in Singapore? Thankfully, the Singapore Residential Property Act prevents foreigners from owning landed properties, including bungalows, except for Sentosa Cove, the resort island set aside for high-net-worth foreign investors. Thanks to good governmental regulation, Singapore’s luxury real estate prices have been increasing steadily, and rank highly on the Prime International Residential Index. Good class bungalows are prestigious, expensive and large, attracting the world’s wealthiest investors with its location and size. Singapore’s locals have accomplished themselves, owning a majority of good class bungalows.
Prices poised for steady recovery and price growth
The CBD saw an influx of 20,000 homes. Will dense communities make the population more vulnerable?