Investing in Singapore’s real estate market is an attractive option for foreign investors, but it’s crucial to have a thorough understanding of the regulations and restrictions that govern property ownership. While foreigners can purchase condos with relative ease, buying landed properties comes with stricter ownership rules. Additionally, foreign buyers must keep in mind the Additional Buyer’s Stamp Duty (ABSD), currently set at 20% for their first property purchase. Despite these added costs, the stability and growth potential of the Singapore real estate market, located in prime areas, continues to entice foreign investors.
6. Not Asking for a Warranty
A professional and reputable paint contractor should provide a warranty for their work. This gives you the assurance that they stand behind their work and will fix any issues that arise after the job is completed. It’s crucial to ask for a written warranty and to understand what it covers.
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