| In 2010 we can expect that both rental and sales in | | | | 99 years with a plan to upgrade toward eternal |
| Singapore real estate--with close proximity to good | | | | ownership. Property taxes are fair and reasonable. In |
| bus and/or subway connections--will have a market | | | | fact during the past 40+ years of Singapore's |
| premium for both residential and office needs. | | | | modern history it is the only government known to |
| The giving and getting of factual and reliable | | | | change her income tax culture from one of fear by |
| documents for rental and sales transactions has | | | | the taxpayer to one of cooperation with the |
| helped the Singapore economy grow through the | | | | taxpayer. The Inland Revenue of Singapore will |
| years. There are many good locations as Singapore | | | | prosecute tax criminals or cheats. However, the |
| has a small land area. Private developments and | | | | employees of Inland Revenue will take time to |
| government built public housing normally have high | | | | explain the law and helpfully teach taxpayers how to |
| density to house the population. Open spaces are | | | | comply with the law. This evolving culture of fairness |
| preserved with adequate 'green belts' of State | | | | and helpfulness makes Singapore stand out world |
| owned lands. Some of these properties have Billion | | | | wide. |
| dollar views. | | | | Another reason Singapore real estate is going to be a |
| During the 2nd decade of this century we can | | | | secure investment for the future relates to a healthy |
| expect more and more 'greening' in Singapore. | | | | place to live and work. This creates demand within |
| Including rooftop greening with running tracks. The | | | | itself. The Singapore government makes sure that |
| Singapore government has a very successful record | | | | garbage is collected daily. No excuses are acceptable |
| in excess of 40 years of making sure that trees are | | | | for not collecting garbage each day. This is important |
| cared for and even scuptured on freeways and | | | | in a tropical country for the population stays healthy |
| highways. The careful long term approach to | | | | when everything else is also working systematically. |
| 'greening Singapore' is because of an excellent | | | | Rare is the hour of 'brown outs' or lack of electricity. |
| cooperation between the public civil service and the | | | | Water need not be boiled. Sewage treatment |
| private sector. All of the careful care of the 'greening' | | | | systems are managed so well that most people |
| process has had a close to 90% participation by the | | | | never ever think about the success of Singapore |
| private sector. The Singapore government | | | | with sewage treatment. |
| administers via contracts for public works | | | | Any foreigner can own property in Singapore |
| construction, planting, and maintenance by private | | | | provided laws are obeyed. Generally non residents |
| contractors or companies. | | | | are encouraged to buy apartments in high rise |
| The systems developed have fostered personal | | | | developments. From time to time a foreigner can |
| passion to excel in greening Singapore. Parks and | | | | own property that is landed provided governmental |
| green lungs clearly creates serenity and peace of | | | | approval is obtained in advance before buying. |
| mind. And the clean image of the sidewalks and | | | | Normally permission is granted for a single residence |
| streets having trash free gutters helps decision | | | | to be lived in. Other true investment vehicles for |
| makers decide to locate to Singapore. This system | | | | commercial purposes are welcomed. |
| for cleanliness has caused many overseas investors | | | | Another important factor for the rise in value and |
| to buy or rent Singapore real estate. For visitors see | | | | long term demand for Singapore real estate is the |
| greening and flower loveliness. Cleanliness and | | | | Ministry of Environment. For there is a winning battle |
| normally clear and unpolluted skys and inland | | | | against the mosquito. If an property owner/tenant |
| waterways. Nearby islands may be used for camping | | | | has a problem with mosquitoes and notifies the |
| with regulations for cleanup and keeping the | | | | Ministry of Environment to help find the source of |
| Singapore coastlines and seas pollution free also apply | | | | the mosquitoes it will be done without a fine. For |
| to campers and mariners equally. | | | | health and comfort is paramount to a productive and |
| Among the three types of property: freehold, 999 | | | | happy society. Again a culture to eliminate |
| years, and 99 years---Singaporeans prefer to own | | | | mosquitoes in partnership with citizens is working well |
| and hold among the first two. And usually begin with | | | | with the Singapore government. |