Re: Why ultra-rich foreigners will still buy property in Singapore
Due to its strong property rights, business-friendly atmosphere, and political stability, Singapore attracts ultra-rich foreigners despite its high real estate costs. The city-state is a top option for individuals looking for luxury and investment security because it has a stable currency, effective infrastructure, and a distinguished address in Asia. thank you
Re: Why ultra-rich foreigners will still buy property in Singapore
Singapore's strong property rights and stable political environment are definitely key reasons why the ultra-rich continue to invest here, even with the high property taxes and ABSD (Additional Buyer’s Stamp Duty). On top of that, the country’s reputation for safety and low crime rates provides an added sense of security, which is a big draw for wealthy individuals looking to protect their assets.
Another factor is the excellent education system and healthcare facilities, which appeal to ultra-rich families considering long-term residency. When you combine all this with the prestige of owning a prime property in a global financial hub, it’s easy to see why demand remains strong. Even with tightening regulations, Singapore's appeal as a "safe haven" for wealth preservation is hard to beat.