Singapore is one of many leading economies in the world. Singapore is an area country that consists of 63 islands off the south side of the Malay Peninsula. The equator lies just 85 miles north. Singapore became a British territory in early 1800's and during world war II was underneath the rule of the Japanese until after the war when it reverted back to British rule. In 1959, Singapore was permitted to be self-governed by the British allowing for its sovereignty. It is now officially the Republic of Singapore.

For anyone searching for property in Singapore, it's really a Newport Residences Showflat search as there are many great properties to choose from in lots of beautiful areas. Its strong economy makes it an attractive place to do business and many wealthy business professionals go Singapore to get property for a number of reasons. Not only does Singapore have one of the largest oil refineries, it is also home to one of the busiest shipping ports in the world. And using its tourist attractions such as for example being the second largest casino gambling market on the planet, individuals from all around the world seek to purchase property as a secondary home and for permanent residency.

Singapore has many properties to select from, whether it be for business or pleasure and has many programs for individuals to acquire the proper loans. In many cases, the properties which can be purchased in Singapore are from foreign investors. Most citizens of Singapore reside in houses that are subsidized by the Government. Lately, the property values have soared making the investment a safe bet, and using its low corporate and income tax, along using its safe streets and stable political system, investors have flocked to Singapore.

But with the rising foreign investment, the Government of Singapore has decided to impose yet another tax on foreign along with resident investments. This probably will drive the market prices lower making the investments much less attractive. Property values in Singapore have risen over 70% since 2006 and are likely to start to drop once the brand new tax is imposed.