Home ownership for everyone’s in clement canopy has become a significant goal of the township. This is a success story in itself since Singapore encountered a housing crisis not long after it acquired its independence, but now Singapore real estate is certainly making a statement. The Clement Canopy have been one of the talked about project to be delivered by the builder and the exploration at this low dense project is a luxury to be earned today.
Upon achieving economic stability, the demand for housing in Singapore has increased and the housing prices have increased as well. The higher price of property makes for a stronger Singapore real estate market and as long as these higher prices continue, so will the promises and high expectations of real estate within Singapore. Without a doubt the numbers speak for themselves and they most certainly cannot be overlooked.
Attractive Rental Yields and Minimal Transaction Costs
Singapore has attractive rental yields. Figures published by singaporepropertycycle.com show that from 2008 to 2013, rental yields ranged between 4.08 and 7.38. However, the return on your investment will depend on factors several factors including the location of your new launch property. In addition, a property investor has to take into account costs such as maintenance fees, solicitors’ fees, agents’ fees, stamp fee and taxes where applicable. It is advisable to consult a real estate agent if you would like to learn more about these costs. In general, expect to pay three percent of a property’s price as legal fees and stamp duty, and two percent as agent commission. Compared to other Asian countries, these transaction costs are minimal. For instance, in Indonesia, transaction costs add up to 26.37% of a property’s asking price according to statistics published by various websites online. Do make your right choice with the Clement Canopy and look forward to invest.