Realty Assets Management Singapore - Singapore Property, Assets and Real Estate Consultant - Property for Sale, Rental and Investment - Apartment, Condo, Residential, Comercial, Huttons. - Realty Assets Management

Why should you engage the services of a professional property management service?

Most of us do lack the experience needed for the day-to-day management of a property, especially if it comes to property you own in a foreign country. Property managers know the rental market and can assist you to maximize your income. They will source and evaluate potential tenants and negotiate rental agreements according to local laws and regulations.

Property managers respond to the tenant's requests and coordinate and handle emergency and routine repairs and - above all- help you to avoid unnecessary repairs which will cut your expenses.

Property managers even offer to handle your taxes, determine profitability and present monthly statements on your rental income and expenses.

In Singapore the fees for this service depend on the number of units, type of property, location and any specific requirements from owners. Typically, for a 1 or 2 bedrooms apartment in prime district, the fees are about S$250 per month.

Thousands of investors have been attracted by the Global Investors Programme (GIP) administered by the SEDB - the Singapore Economic Development Board - to ease the entry of investors. Many are attracted by the fact that they can apply for Permanent Residence when investing in the city state:

These are the circumstances for your application:

1. Invest at least SGD 1 million in a start-up or expansion of an existing business to seek permanent Residence status in Singapore

2. Invest at least S$1.5 million in an approved Singapore-incorporated venture capital fund or Singapore-incorporated foundation or trust that focuses on economic development

3. Invest at least S$2 million in a new business startup, expansion of an existing operation, approved Singapore-incorporated venture capital fund or Singapore-incorporated foundation or trust that focuses on economic development and purchase Residential property with not more than 50% of the investment amount.

4. Other investment vehicles such as venture capital funds, foundations or trusts, and/or private residential properties will be considered for application for Permanent Resident applications when you purchase residential property for not more than 50% with the investment. You should always ask for your particular situation to be assessed by the EDB.

There are many superlatives attributed to Singapore and the city-state has been consistently ranked high for a number of reasons in reports from all over the world.

Situated at the crossroads of international trade routes, Singapore is a top location for foreign investors, be they multinationals, part of Europe’s dynamic middle-market or technology start-ups. The on-going liberalisation of markets and industries and the privatisation of government-linked companies (‘GLCs’) offer excellent opportunities to invest in Singapore and the neighbouring markets. Integration of the 10 ASEAN countries under a free trade area (AFTA) with a population of more than 500 million people is on track. Free Trade Agreements with the US, Australia, Japan and many other countries provide easier access to the global market

Estate duty removal will draw foreign and local funds into S'pore
By Julia Ng, Channel NewsAsia | Posted: 19 February 2008 1922 hrs

SINGAPORE: Wealthy people aside, fund managers and the financial sector have welcomed the Government's decision at last Friday's Budget sitting to remove the Estate Duty with immediate effect.

They said this will attract the super rich to not only invest in Singapore, but also relocate here.