What are the best properties to buy now to make money

Investment Sales and Market Trends

Recent data shows that investment sales in Singapore have seen a significant increase, with a 22.7% quarter-on-quarter rise in the third quarter of 2024, driven by 'mega deals'.

Attractive Residential Districts

• Core Central Region (CCR): This area, including districts 9, 10, and 11, as well as the Downtown Core and Sentosa, is known for high-end, luxurious properties, often freehold. These areas attract high-net-worth individuals and can offer strong capital appreciation.
• Rest of Central Region (RCR): This mid-tier region is gaining popularity due to urban development and infrastructure improvements. It appeals to a diverse range of buyers, including investors and young families.
• Outside Central Region (OCR): This area dominates three-quarters of Singapore and offers mass-market properties with lower price points. OCR developments are often larger in scale and include 99-year leasehold properties, making them attractive to young couples and families.

New Launches in 2024

Several new condominium launches in 2024 are worth considering:

• Meyer Blue: A freehold condominium in District 15, known for its prime location and luxurious amenities.
• The Chuan Park: A modern 900-unit development in District 19, set to redefine the Serangoon precinct.
• Bagnall Haus: A freehold condo near the Sungei Bedok MRT and Bedok South Integrated Transport Hub.
• Norwood Grand: Located in Woodlands, this is the first private condominium in the area in years and is part of URA’s rejuvenation plan for Woodlands.
• Emerald of Katong: A 99-year leasehold property in District 15 with potential for a new residential project.

Favorable Factors for Investors

Singapore offers several advantages for property investors:

• No foreign ownership restrictions on condominiums and mixed developments.
• Clear foreign ownership laws and protection of property rights.
• No capital gains taxes, estate duty, or withholding tax on property disposals.
• Tax deductions on mortgage interest for rented properties.
• Attractive mortgage loans with up to 70% loan quantum.
• Generally higher rental yields compared to mortgage interest rates.

Investment Strategies

• Capital Appreciation: Investing in properties with potential for long-term value increase.
• Rental Income: Properties with high rental yields can provide steady income.
• Real Estate Investment Trusts (REITs): A hassle-free way to invest in property through pooled funds.