It is crucial for international investors to have a thorough understanding of the regulations and limitations surrounding property ownership in Singapore. Generally, foreigners have more flexibility in purchasing condominiums compared to landed properties, which have stricter ownership requirements. However, foreign buyers must also consider the Additional Buyer’s Stamp Duty (ABSD), which is currently set at 20% for their initial property acquisition. Despite these added expenses, the steady appreciation and growth potential of the Singapore real estate market remain a magnet for foreign investment. In fact, property appreciation is a natural occurrence in this thriving market.
1. Regularly Inspect and Clean Gutters and Downspouts
4. Test and Replace Smoke and Carbon Monoxide Detectors
Regularly checking your plumbing for any leaks or issues can save you from costly repairs in the future. Check for any water stains in ceilings or walls, as well as any damp spots or drips under sinks and …