Singapore is a small country, nothing compared to Indonesia. However, visiting the Lion Country as if there was no bored-bored. Not a few Indonesian citizens (WNI) visit there several times a year. Visit The Ola EC
Singapore’s area is 716 square kilometers, smaller than Jakarta, which has an area of 740 square kilometers. But unlike Jakarta, this tiny country has complete and well-organized infrastructure. This is one way they pamper their tourists.
Yes, tourism is one of the main income sectors for an independent country in 1965. One of the areas most frequently visited by foreign tourists, including from Indonesia, is Orchard Road.
This is where condominium executive property investment develops, such as Ola EC, which is strategically located and will generate a lot of profit for the owner to rent it out. If you are interested in investing, please visit Anchorvale EC
Since it was developed to reach the peak of development in the 1980s, the road stretching for approximately 5km is indeed dedicated as a shopping chain and the heart of Singapore.
Whether you’re a budget shopper or a high-end brand hunter, Orchard is the right place for you. Starting from Lucky Plaza which provides affordable products, to Paragon and Takashimaya which offer designer brands such as Gucci, Prada, Louis Vitton, or Versace.
Besides, there is also Ion Orchard, the newest mall in Orchard that is integrated with condominiums. Besides designer brands, you can also get the latest accessories and fashion from more affordable brands such as Charles & Keith, Uniqlo, H&M, and Zara on Ion Orchard.
But that’s not all that makes shoppers feel at home shopping at Orchard. This location, like most locations in Singapore, is very convenient and friendly for pedestrians. The sidewalks are wide, over seven meters tall, with shady trees.
Along the Orchard road, there are also a variety of cafes and other food vendors with a cozy atmosphere. You can take a break in between shopping, or just sit and relax while looking at people passing by.
The attraction of Singapore is not only Orchard. However, as the heart of Singapore, the location of Orchard is very strategic. To reach other tourist destinations, such as Marina Bay Sands, Gardens by the Bay, or the National Museum, you can use the MRT.
Not only traveling, but Indonesian citizens also invest in Singapore
It is this relentless tourist attraction that makes many Indonesian citizens make ‘regular visits’ to Singapore. For some people, they even buy property in the Orchard and surrounding areas to facilitate their tours, or for investment.
Mr. Frank Thorshon, CEO of Singapore explained that the majority of property buyers in Singapore who came from abroad came from Indonesia.
Although from 2013 to 2018 there was a decrease of 10%, the number of buyers from Indonesia is still more when compared to buyers from other countries.
The high interest of Indonesian citizens to buy property in Singapore cannot be separated from the ease of the ownership process.
The Singaporean government prohibits foreign nationals from owning property in the form of landed houses, land and affordable housing that is specifically provided by the government. However, foreign nationals are entitled to buy condominiums without complicated conditions.
The Singapore government only applies an additional 15% tax for foreign nationals who want to own condos.
Besides, Singapore’s local bank is also willing to provide loans that are almost the same as Apartment Ownership Loans in Indonesia. The requirements are not complicated, just show proof of your work and regular income. If the amount meets the conditions, the credit will be given.