Compass Real Estate > Cambodia Investment Guides > Brief introduction of Singapore

Brief introduction of Singapore

651
2020-07-17
Summary:Commonly known as Singapore, the Republic of Singapore is a city-state island country and urban country at the southern tip of the Indochina Peninsula in Southeast Asia. One of the wealthy four Asian dragons, with its geographical advantage, Singapore is also one of Asia's important financial, service and shipping centers.

Basic information

Country

Republic of Singapore

Area

719.1 Square kilometers

Population

5.64million(2018.June)

Per capita income

US $ 361 billion, US $ 64,000 per capita (2018, international exchange rate)

Currency

SGD$

Introduction

Republic of Singapore is an island country in Southeast Asia. The political system is a parliamentary republic.

Singapore is separated from Malaysia by the Johor Strait in the north, and from Singapore in the south by the Singapore Strait. It is adjacent to the southern exit of the Strait of Malacca. In addition to Singapore Island (88.5% of the country's total area), it also includes 63 small islands around it.

In the 8th century, Singapore belonged to Shirley Buddha; in the 14th century, it belonged to the Malacca Sultanate founded by Barry Missoura; in the 18-19th century, it belonged to the Kingdom of Johor. In the early 19th century, it was occupied by the British as a colony. On February 15, 1942, Singapore was invaded by Japan. It joined Malaysia in 1963. In 1965, Singapore officially became independent.

Singapore is a multicultural immigration country. Promoting ethnic harmony is the core policy of the government. Singapore is known for its stable political situation, clean and efficient government, and is one of the most international countries in the world.

Singapore is located in the tropics. It is controlled by the equatorial low pressure zone for many years. It has a rainy climate in the equator. The average temperature is between 23 and 34 ° C, the average annual rainfall is about 2,400 mm, and the humidity is between 65% and 90%.

Ethnic distribution

Singaporeans are mainly composed of immigrants and their descendants who have migrated from Eurasia for more than 100 years. The characteristics of its immigrant society, combined with the influence of the history and geographical location of colonial rule, make Singapore present a multicultural social character.

Citizens of Singapore are mainly divided into 4 major ethnic groups: Chinese account for 74.2% of the population, as well as Malays (13.3%), Indians (9.1%) and European / Asian / mixed race (3.4%). Most of the ancestors of Chinese in Singapore originated in southern China, especially Fujian, Guangdong and Hainan provinces, of which 40% were Minnan, followed by Chaoshan, Guangfu, Putian, Hainan, Fuzhou, Hakka people, as well as Baba and Nyonya. Singapore has a population density of 7,697 per square kilometer and a human development index of 0.901.

Singapore promotes the spirit of mutual tolerance and tolerance between religions and ethnic groups, implements a policy of religious freedom, and recognizes Singapore as a multi-religious country. According to the 2010 census, religious Singaporeans accounted for 83% of the population.

Singapore ’s Buddhism is the largest religion in the country, accounting for about 33% of the population. Singapore ’s Taoism accounts for 11% of the population. Singapore ’s Christians (Protestant and Catholic) account for 18% of the total population. There are about 650,000 followers. There are about 100,000 Hindu believers in Singapore, accounting for 5% of the total population, there are only more than 20,000 Sikhs in Singapore.

Famous tourist spot

Universal Studios Singapore: Located on Sentosa Island, this attraction has the unique Universal Studios theme park in Southeast Asia, the world ’s largest marine life park, a casino, various entertainment shows, and six star hotels with different styles.

Sentosa (meaning calm and serene), is the most charming holiday island in Singapore. It covers an area of 500 hectares, with colorful entertainment facilities and leisure activity areas, known as a gem of joy. The south coast of the island has beaches of more than 2 kilometers in length. To the west are the Siloso Fort, two golf courses and 7 hotels left by the British troops of World War II. These include Resorts World Sentosa, Universal Studios Singapore, Butterfly Pavilion, Dolphin World, Insect Kingdom, etc.

Singapore Sands Entertainment City: Located in Marina Bay, Singapore Sands Entertainment City has a casino, opera house, art and science museum, convention center and exhibition facilities, retailers and diverse restaurants, a total of six major architectural series.

Transportation

Expressway transportation

The length of the main highway of Singapore is about 3356 kilometers. The island has built a highly developed transportation network, including 163 kilometers of expressways and 613 kilometers of first-class highways.

In addition, public transportation is also well-developed, with subways and buses as the mainstay, supplemented by light rail and taxis, and operated by two bus companies, namely the New MRT and SMRT Group.

Singapore's public transportation system implements a uniform fare. All systems accept smart cards or small change payments. Card holders can enjoy discounted fares. Standard value one-way tickets can be purchased from general ticket machines in all subway stations.

Railway system

Subway

Singapore's railway traffic is mainly based on the subway. The Singapore subway system has been in operation since 1987, and currently has 121 subway stations with a standard gauge line of 170.1 kilometers. The service ends at 5:30 in the morning and ends at 1:00 in the morning, and the frequency is about 3 to 5 minutes. The system uses 5 subway lines: east-west line (green line), north-south line (red line), northeast line (purple line), ring line (orange), and coastal urban line (blue line) to connect each corner and lead to For several tourist attractions, the public can use it only by checking the station name and remembering its color and number.

Light rail

The subway's branch system has a route length of 28.8 kilometers and has 43 (9 not yet activated) stations. 3 routes are now open.

Railway

Tanjong Pagar Railway Station has relocated to the Woodlands train checkpoint in the northern border in 2011. All trains to and from Xinmatai can only depart or arrive at the Woodland train checkpoint, and passengers have to buy tickets and get on and off there. And go through immigration procedures.

Waterway

Singapore is the world's busiest port and one of Asia's major re-export hubs. It is the world's largest fuel supply port. There are more than 200 routes connecting more than 600 ports in the world.

Airway

Singapore has 8 airports, of which Singapore Changi Airport and Seletar Airport are international civil aviation airports, and the rest are used for military purposes. Changi Airport covers an area of 13 square kilometers and has three terminals and two runways. Operated by the Civil Aviation Authority of Singapore, it mainly includes Singapore Airlines and its subsidiaries SilkAir, Singapore Airlines Cargo and Scoot.

Education

Singapore ’s social background, population structure, language environment, and education system all have unique characteristics. The Chinese education in Singapore has been in existence for over 150 years since the establishment of Chongwenge, an overseas Chinese private school. However, since the 1980s, the government has gradually unified the language source schools. All students, regardless of race, use English as the first language, and English is also the main medium of instruction.

Primary school (6 years): 6th grade students need to take the Primary School Leaving School Examination (PSLE). The test subjects are: English, Chinese, Mathematics and Science. Chinese and English each take 100 points, mathematics and science each take 50 points, and the total score is 300 points.

Secondary school (4-year program): (special and express classes). In the fourth year, you must take the national unified Singapore Cambridge O-level exam. The results will determine the high school, junior college and polytechnic.

High school (5-year program): (Academic and Craft), students in academic classes must take the ‘N’ level test in Secondary Four, and then pass the Cambridge O level test after passing Secondary Five. The students in the craft class have two main courses, English and mathematics. In the fourth year, they must take the Cambridge N-level exam. Most students no longer take the fifth-year course after the N-level exam, but directly enter the technical college.

 

High school (3-year course) / Junior college (2-year course): Obtaining the Cambridge ‘A’ level diploma, the results will determine the destination of the university.

 

Polytechnic: 3-year college degree (diploma), including theory and practice. Graduates with excellent grades will be exempted from the first year of university courses.

University: In addition to medical, law and other specialties, it generally takes 3 years to obtain a general degree, and an honorary degree takes 4 years.

Private colleges: Singapore ’s private colleges offer two courses: a diploma in a foundation course and a course in a degree. Among them, the degree courses are all foreign university diplomas issued by foreign universities. The Ministry of Education of Singapore began to implement a new private college certification qualification called Edutrust "Education Trust Guarantee Plan" in 2010.

 Property Investment

Safe and liveable Singapore

Singapore has always been known as the "garden city" and has been repeatedly rated as the most beautiful city in the world. The climate here is stable, the temperature is constant throughout the year, and the air is fresh, making it the most ideal habitat for people. In addition, Singapore has strict laws and good public security. It has been rated as the safest city in the world many times, which makes people living here very at ease.

 

Singapore also has top-notch medical technology and perfect medical service equipment; the world's lowest personal income tax rate, which is the most suitable national environment for doing business; public transportation ranks among the best, and the infrastructure is very perfect. Tens of thousands of overseas people migrate here every year, and Singapore has since become the most suitable paradise on earth.

 

Singapore Education

Singapore advocates elite education and integrates with the world education system. In addition to strengthening bilingual teaching and social practice, other courses are basically the same as the British primary and secondary schools. The international education system makes Singapore a golden springboard for studying in Europe and the United States.

Many parents have come here, and want to experience the rigor of Eastern academics and the innovation of Western education in Singapore where China and the West meet. This has also largely driven the development of Singapore's local real estate. The distance between the school and the home is one of the important considerations for successful admission when the local registration has been enrolled, which also makes parents have a great demand for school district housing, and also provides a steady stream of local housing market Ever power.


Singapore house prices are trending up

On October 25, 19, the Urban Renewal Authority (URA) released real estate statistics for the third quarter of 2019. Since 2011, the data shows that the overall housing prices in Singapore have shown a steady growth trend, and that housing prices are still in a rising trend.

 

Economist Morgan Stanley believes that the upward trend in Singapore's housing market can be maintained at least until 2030, Singapore's housing prices will double, and the island's average price per foot will reach S $ 2,900. This means that with the rapid growth of Singapore's economy, Singapore's real estate market still has huge market investment potential.

High rental return

The rental return rate of the property has also become a major consideration for investors. Singapore's rental rate of return has been relatively stable all the time, and has recently shown a steady upward trend. It is worth mentioning that in the active areas of Singapore, such as the central area of the city, the rate of return on rent is more attractive. According to a report in Singapore ’s Business Times, “Compared to other capital returns, potential investors still prefer the rental level and rental return rate of the property. Buying high-quality land and properties close to the subway station is a high-yield way. "

Valued property

Singapore's real estate title deeds can be divided into 99 years, 999 years and permanent property rights, and the house has no inheritance tax, no capital gains tax, and no additional taxes such as property value-added tax. Loans in Singapore are also very convenient. Even foreigners can apply for a mortgage of up to 70%, and the interest rate is also very low. Now it is about 1.8% -2.2% per year. Singapore has limited land resources, which can be described as a lot of money. In the long run, this guarantees an overall upward trend in land prices and housing prices. Compared with investment products such as bonds, stocks and funds, real estate will have a higher value preservation space.

 


Disclaimer: The re-forward articles on Compass website are for the purpose of conveying more information, and it does not mean that the Compass website agrees with its views or confirms the authenticity of its content. Article noted as "Source: Compass original", please note that the source from Compass. The content of the article is for reference only and should not consider as investment advice, and it does not mean that Compass agree with its views.

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