Have you ever considered capitalising on the wealth in Singapore but have shied away due to the high price of property, then we have an idea: invest in property where Singaporeans take their holidays.
It's no secret that the average price of property in Singapore is one of the highest in the world, and there have in fact been no less than seven rounds of cooling measures implemented in recent years by the government in order to prevent a fully-fledged bubble from forming.
In fact, thanks to such cooling measures, foreign investors are paying more and more for their Singaporean property investments and, because they are generally not allowed to purchase land (except for the exclusive and stratospherically-priced Sentosa Cove), are strictly limited to condominium apartments.
Yet the sheer volume of wealth in the city state means savvy investors from all over the globe are looking to Singapore for investment strategies.
Singapore has the highest GDP per capita in the world, and according to a report from The Boston Consulting Group, one in every six households has a disposable income of over US $1 million.
But with that amount of spare cash on hand means that Singaporeans not only pay well for their living accommodation, they pay well for their holiday accommodation, too.
With the long-weekend holiday just passed (Vesak Day), Singaporeans were booking their flights, hoping to squeeze in one more short vacation before the month-long school holiday in June.
Travel search site Skyscanner had been tracking the destinations of choice for Singaporean travellers, creating a list of cities and countries preferred for holiday making.
And as an investor hoping to avail oneself of a piece of the Singaporean money pie, then you may want to consider a buy-to-let holiday investment in one of the following:
Top 10 Cities:
Ho Chi Minh City
Top 10 Countries:
The views expressed in this column are the author's own and do not necessarily reflect this publication's view, and this article is not edited by Singapore Business Review. The author was not remunerated for this article.
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Alexander Knight is a Singapore-based property commentator.