Singapore is one of the most densely populated countries in the world. The booming population, combined with a strong currency, makes it hard for newcomers to find affordable places to rent or buy. This guide will cover several tips that can make your move to Singapore easier.
What You Must Do When You First Arrive in Singapore – Customs Rules and Regulations
Singapore is a country that is known for its strict customs rules and regulations. For instance, it’s illegal to bring in or transport some types of food, plants, animals and more from the country. This might inconvenience travelers coming into the country with items such as alcohol, firearms and meat products. The list of what you can bring in to Singapore can vary based on your nationality. For example, if you’re an American citizen then you can bring in up to $800 worth of food and goods into the country without paying duty or taxes.
When arriving in Singapore, be sure to read through the customs document provided for your specific needs. When you enter Singapore, the first thing you need to do is clear customs. Customs officials will ask for your passport, and they will ask you to fill a customs form. Customs officials will also check your luggage and make sure that it is not full of prohibited items such as illegal drugs or other contraband items. If the size of your suitcase exceeds 3 cubic meters, it must be checked in for an additional fee before you can leave the airport.
Find a Home as a Foreigner in Singapore
Singapore is one of the best places to live in and investors have flocked to the country. There are many reasons why foreigners should consider buying property in Singapore. The following are a few of the many benefits of investing in Singapore as a foreigner:
– stable economy
– low cost of living
– developed infrastructure
– safe society
– great lifestyle
The government allows foreigners to buy residential properties such as condominiums, town houses, apartments and cluster homes in Singapore with additional restrictions. There are certain requirements that have to be met in order to buy a home in Singapore as a foreign citizen. These requirements vary depending on the type of property which you want to purchase.
Some of the popular areas for foreigners to buy property in Singapore include Orchard Road, Bugis and Marina Bay. The common types of properties around these areas are usually condominiums and private apartments. Their prices range from one million dollars to a whopping twenty million dollars for larger properties.
Apart from residential properties, foreigners can still purchase land and commercial properties such as hotels and business premises if they are eligible for the relevant approvals and concessions. If you are interested in buying property here, it is important that you consult your real estate agent to ensure that you can afford the property price and fees. You should also identify any potential tax implications of purchasing a house as a foreigner in Singapore. For more details, feel free to read our other article: https://beatricehome.com/tips-finding-buying-property-in-singapore-as-a-foreigner/.