8 Top reasons to Buy a Home in Singapore Today
When it comes to the real estate jungle, few can claim “king” like the lion city of Singapore. Amidst the vibrant urban landscape of Southeast Asia, Singapore stands out for its prosperity and modernity.
By blending urban sprawl and natural beauty, it’s not hard to imagine the possibilities it provides for a discerning homebuyer.
But that’s not all, let’s dive in!
A Sound Investment
In an article written by Steve Yankelson of Bloomberg, he highlighted Singapore’s role in the future of capital. Acknowledging it as a resource for investors seeking new opportunities.
In light of that, Singapore’s property market is a safe and stable investment option. Its projected growth from USD 46.58 billion in 2024 to USD 64.04 billion by 2029 shows great promise in the demand for both residential and commercial real estate.
Want to tap into this? No problem at all. Property developers in Singapore have done the heavy-lifting for you with loads of architectural marvels like this Zion Road Residences showflat. Just walk in and become a property investor.
Family-Oriented Culture
Rich cultural tapestry and family-oriented values make Singapore an ideal destination for those seeking a wholesome environment to raise children.
Vibrant festivals, family-friendly attractions and a myriad of experiences ensure unity and togetherness among residents. For a taste of international comedy flair, The Comedy Club Asia showcases top-notch talents.
With three comedy rooms majorly known as:
- The Comedy Masala
- Talk Cock Comedy
- Comedy Hub Singapore.
Each treats audiences to performances by acclaimed comedians.
World-Class Education and Healthcare
Singapore boasts a world-class education, and rightfully so. Through the integration of digital tools and resources, Singapore transformed its education system.
Through interactive and personalised learning experiences, it caters to diverse needs and learning styles.
Also, by providing top-notch schools and universities, Singapore birthed world-renowned healthcare.
Giving it a whopping 89% on the Bloomberg World Health Index.
According to commonwealthfund.org, there are (3) major healthcare providers in the country.
Namely;
● MediShield Life
This is a universal basic healthcare insurance scheme mandatory for citizens and permanent residents. It offers lifelong protection against large hospital bills and select costly outpatient treatments. MediShield Life replaced the previous MediShield scheme in 2015. It is designed to provide coverage for Singaporeans, ensuring access to essential healthcare services without facing financial hardship due to medical expenses.
● MediSave
This is a national medical savings scheme aimed at helping individuals cover out-of-pocket healthcare expenses. Contributions to MediSave accounts are mandatory for all working citizens and permanent residents. A percentage of their salary is deducted, (ranging from 8% to 10.5%, depending on age) being allocated to these accounts. These contributions are tax-exempt and accumulate interest, currently ranging from 4% to 5%. This can be used to pay for the healthcare expenses of the account holder and family members, providing financial safety for medical needs.
● MediFund
This is the government’s safety net for needy Singaporeans who are unable to cover their out-of-pocket healthcare expenses. It provides financial assistance to individuals with financial difficulties, ensuring access to necessary medical treatment without worrying about cost.
Medifund is a last resort. It’s mainly for those who require further support beyond what is provided by other healthcare financing schemes.
Singapore prioritises accessibility, affordability, and quality of care for all residents.
Unrivalled Public Transportation
“There can be no doubt transportation is the most critical sector of our economy.” — Robert Brady.
A sophisticated city requires a sophisticated transport network. Singapore’s world-class public transportation system makes navigating its diverse neighbourhoods and attractions easy.
With extensive networks of buses, trains, and taxis, shuttling is convenient and hassle-free.
We see this in Housing schemes like the Zion Road Residences; situated in close proximity to MRT stations and major expressways.
Secure Environment
“Singapore has one of the lowest crime rates in the world…” – World Population Review
Despite a 3.2% decrease in the Global Peace Index (GPI). Singapore remains the second safest city on earth. In reference to the Economist Intelligence Unit (EIU), Singapore ranked;
- 1st in infrastructure and personal security and;
- 2nd in Digital security.
This prioritisation of public safety and security has enabled the city-state to maintain an almost zero crime rate. Tourists, businesses, and families can rest knowing they can thrive without compromising safety.
Multicultural Diversity
“…cultural heritage is what makes Singapore, Singapore.” – Tan J Ken, National Geographic.
Singapore presents to its residents a slice of both international and local cultures. Its multicultural society celebrates diversity and inclusivity. From Chinatown to Little India, families can embark on a culinary adventure, exploring a rich tapestry of cultures that coexist harmoniously within the city. This “melting-pot” mentality further emphasizes the family-centric culture the city-state is known for.
Friendly Policies and Initiatives
Singapore’s government is committed to supporting residents through various policies and initiatives. Their goal is to maintain and enhance the quality of life. Subsidized healthcare, housing grants and parental leave benefits are just a few ways it provides for its residents.
Green and Sustainable Living
“The issue of climate change is one that we ignore at our own peril.” – Barack Obama
Despite being a booming metropolis, Singapore is also a garden city. There is no shortage of green spaces, parks and nature reserves throughout the city. Anyone can enjoy outdoor activities such as hiking, cycling, and picnicking without drifting too far from the comforts of urban living. Singapore has successfully been able to create urban, clean living. Providing perks a tech city has to offer without sacrificing nature.
Most recently, the city-state implemented “The Singapore Green plan 2030”. A further initiative towards an even greener future.
The plan’s goal is to:
- Plant 1 million trees
- Quadruple solar energy
- Reduce waste sent to landfill by 30%
- Making 20% of schools carbon neutral and;
- New cars are cleaner-energy models from 2030
Conclusion
A home is meant to be future-proof. Without a doubt, Singapore stands as a shining example of sure fire innovation, progress, and cultural richness, providing not only safety but a robust economy and world-class education. Captivating people from all walks of life. Businesses and individuals continue to benefit from its rich economy and culture.
And you can, too!