D
dasimond
Member
Investing in a Industrial property in Singapore will be a great mistake, yes, great mistake.
Many years ago, government introduce ABSD (Additional Buyer Stamp Duty) for residential property, in order not to pay that extra tax, many turns to industrial property and government happily builds plenty of it, and one of the minister says they want the rental to reduce so to help the SME, the one really wanting to do business to reduce cost.
If you are able to reads into what the government plan, you will avoid it, yet many don't.
Today, there is an over-supply. Many empty units are still waiting for a tenant at almost any price.
Many years ago, government introduce ABSD (Additional Buyer Stamp Duty) for residential property, in order not to pay that extra tax, many turns to industrial property and government happily builds plenty of it, and one of the minister says they want the rental to reduce so to help the SME, the one really wanting to do business to reduce cost.
If you are able to reads into what the government plan, you will avoid it, yet many don't.
Today, there is an over-supply. Many empty units are still waiting for a tenant at almost any price.
