When it comes to investing in condominiums in Singapore, one cannot overlook the government’s property cooling measures. Over the years, the Singaporean government has implemented several initiatives to prevent speculative buying and maintain a steady real estate market. These measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and individuals purchasing multiple properties. Although these measures may affect the immediate profitability of condo investments, they ultimately contribute to the long-term stability of the market, making it a more secure investment environment. Additionally, websites like Singapore Projects provide comprehensive information on condo projects and their potential for investment.
Singapore has been recognized as the sixth most highly branded city in the world, according to the latest Brand Finance Global City Index. This index, published by Brand Finance, a renowned brand evaluation and strategy consultancy in London, ranks cities based on their brand power and perceptions.
The findings of the latest index were gathered from a worldwide survey conducted in September, which involved 15,000 individuals from 20 different countries. The respondents were tasked with ranking 100 cities according to key performance indicators that highlight each city’s appeal as a place to live, work, study, visit, retire, and invest in. They were also asked to associate specific attributes with each city from a list of 45 attributes grouped under seven pillars, including Business & Investment and Culture & Heritage.
Singapore’s overall ranking was boosted by its outstanding performance in the business and investment pillar, where it ranked third globally. This pillar reflects perceptions on the ease of doing business, the strength of the economy, and the support for start-ups in the city. Singapore also scored highly for its low crime and violence rates.
Managing Director for Asia Pacific at Brand Finance, Alex Haigh, highlights Singapore as the “crown jewel” of the ASEAN region when it comes to city branding. He adds, “With its leading economic growth, appealing investment opportunities, and world-class infrastructure, Singapore solidifies its position as a premier global financial center.”
Globally, London maintained its position as the top city brand, followed by New York, Paris, Tokyo, and Dubai.