In Singapore, Property Asset Progression essentially refers to the growing of one’s wealth through carefully planned investments in Singapore properties. The word “progression” means the process of developing or moving gradually towards a more advanced state. The end objective of Property Asset Progression is to allow the person to build up a good retirement fund in his or her golden years through sound investment in properties.
Singapore has a very high home ownership rate at 91% (based on data from Department of Statistics Singapore) as of December 2018. It is in almost every Singaporean’s blood to want to own a piece of real estate here in Singapore. And in many cases, multiple properties for very good reasons that will be touched on just further below.
And do you know that almost one in five buyers of Singapore properties is a Singapore permanent resident or foreigner? These are some of the very high profile purchasers of Singapore properties in recent years: Eduardo Saverin, James Dyson, Jim Rogers, Sun Tongyu, Jackie Chan, Jet Li.
infographic by: www.jacksheo.com