Location is a crucial factor in real estate investment, and this holds true in the bustling city-state of Singapore. The value of a condo is greatly influenced by its location, especially if it is situated in a prime area near top-rated schools, popular shopping centers, and convenient public transportation. It is no surprise that districts like Orchard Road, Marina Bay, and the Central Business District (CBD) have seen consistent growth in property values over time. Families also prioritize condos near prestigious educational institutions, making them highly coveted and strengthening their potential for investment. Therefore, for those considering investing in a Singapore Condo, carefully selecting the location is crucial in order to maximize returns on their investment.
When it comes to investing in a Singapore Condo, financing is a crucial factor to consider. The country offers a variety of mortgage choices, but it is vital to be well-informed about the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take based on their income and existing debt obligations. To avoid over-leveraging, it is important for investors to understand the TDSR and seek advice from financial advisors or mortgage brokers when exploring financing options. By doing so, investors can make informed decisions about their financing and ensure a successful investment in a Singapore Condo.
Singapore has recently made its mark as the sixth most renowned city in the world, according to the latest report from Brand Finance Global City Index. This index, published by a London-based consultancy specializing in brand evaluation and strategy, ranks cities based on their brand strength and perception.
The index is based on a global survey that was conducted among 15,000 individuals in 20 different countries in September. The respondents were asked to rank 100 cities according to various key performance indicators, to convey the level at which each city is perceived as an ideal place to live, work, study, visit, retire, and invest in.
Part of the survey included associating specific attributes with each city. The respondents chose from a list of 45 attributes grouped under seven categories such as Business & Investment and Culture & Heritage.
Singapore’s impressive overall ranking can be largely attributed to its performance in the Business & Investment category, where it ranked third globally. Aspects such as ease of doing business, economic strength, and support for start-ups were taken into consideration under this category. The city also received high scores for its low crime rate and low levels of violence.
Alex Haigh, the managing director for Asia Pacific at Brand Finance, acknowledges Singapore as the standout city in the Asean region in terms of branding. He adds, “With its strong economic growth, attractive investment opportunities, and first-class infrastructure, Singapore has cemented its position as a world-class financial center.”
Looking at the global scale, London retains its top ranking as the world’s leading city brand, followed by New York, Paris, Tokyo, and Dubai. Singapore’s position as the sixth highest city brand in the world shows its increasing reputation and appeal on the global stage.