A crucial factor to consider when investing in condominiums in Singapore is the foreign ownership restrictions implemented by the government. Over time, the Singaporean government has implemented various measures to control speculative purchasing and maintain a steady real estate market. These measures, such as the Additional Buyer’s Stamp Duty (ABSD), involve higher taxes for foreign buyers and those acquiring multiple properties. While these measures may initially affect the immediate profitability of condo investments, they ultimately contribute to the long-term stability of the market, creating a more secure investment climate.
In conclusion, the impact of foreign ownership on layout design is undeniable. As the need for functionality and efficiency continues to grow, traditional design principles are taking a backseat. However, this does not mean that tradition is entirely lost. Architects are finding ways to incorporate traditional elements into modern designs, striking a balance between the two. As the world becomes more …