ABOUT BUKIT TIMAH
The Bukit Timah area comprises of a few of the oldest and most popular housing districts (districts 10, 11 & 21) in Singapore. It has a high concentration of Good Class Bungalows (GCBs), detached houses (bungalows) & semi-detached landed houses, terrace houses, condominiums and apartments. Many of the most prestigious homes are built in this area; with new highly-sought-after condominiums being built in recent years.
Bukit Timah properties are extremely popular with Singaporean families as most of the renowned schools are located along or near Bukit Timah Road - Anglo-Chinese School, Raffles Girls' School, Singapore Chinese Girls' School, St. Joseph's Institution, Methodist Girls' School, Pei Hwa Prebysterian Primary School, Hwa Chong Institution, National Junior College, Raffles Girls' Primary School, Nanyang Primary School, Nanyang Girls' High School & Methodist Girls' School. Both the local Singaporeans and incoming expatriates love to live in this vibrant, family-oriented area with its surrounding greenery and natural habitats.
The Bukit Timah Road, a major road that runs from the central of Singapore residential home area to the north of the island, has existed since the early days of the country. 'Bukit Timah literally means "Hill of Tin" in the local indigenous Malay language. It is also home to the Singapore Botanic Gardens (UNESCO World Heritage site). National University of Singapore (Bukit Timah Campus - Law & Public Policy) is also situated along Bukit Timah Road.
A new Mass Rapid Transit (MRT) Downtown Line (the subway train system) will operate from Upper Bukit Timah to Newton MRT station linking these stations in 2016: Cashew MRT, Hillview MRT, Beauty World MRT, King Albert Park MRT, Sixth Avenue MRT, Tan Kah Kee MRT, Botanic Gardens MRT, Stevens MRT & Newton MRT.
INVESTING IN REAL PROPERTIES
Most alternative investment assets are usually held by institutional investors or accredited, high-net-worth individuals due to the complexity of these products. These alternative investment products include commodities, structured products, derivatives, hedge funds, art, and real estate.
In Singapore, real estate is a major asset class that is popular, and is available to most Singapore citizens and foreigners (under the FTA, citizens of Switzerland, USA, Liechtenstein, Iceland and Norway enjoy similar Seller's Stamp Duties / Buyer's Stamp Duties treatments as Singaporeans pertaining to real estate transactions). Foreigners are able to purchase condomiums in general with little restrictions, and landed properties (with approval from LDAU) at Sentosa Cove. Most landed properties are not available for purchase by foreigners. Foreigners are able to purchase industrial and commercial properties in Singapore with little restrictions and tax impact.
Laws and regulations pertaining to real estate transactions are constantly changing, and can often have great monetary impact on a BUYER or SELLER. The government agency, Singapore Land Authority (SLA), controls the supply of land for property development by developers.
As real estate is real property and has a higher price/investment-entry level, it is important that the investor is well-equipped with the necessary market, financial, and legal knowledge for asset protection, and avoid complications which may result in penalties. It is therefore advisable that a real estate investor seeks professional legal advice, financial advice, and the professional services of a licensed real estate salesperson prior to a real estate transaction in Singapore.
Most savvy and accredited investors invest in high-end residential, commercial or industrial properties for inflation-hedging, income-generation, and potential asset appreciation.
Major REAL ESTATE AGENCIES licensed by the CEA - Council of Estate Agencies (a government agency):