Forbes has ranked Singapore number ten on its “World´s Best Places For Real Estate Buys”, despite the country facing its worst recession ever.
It notes that whilst Singapore´s trade dependent economy has slowed down, having the world´s biggest port will be to the country´s advantage once the economy picks up again.
“While that has dampened investors´ take on Singapore, it´s still seen as a strategic link in Asia Pacific with a good shot at rebounding,” Forbes magazine says.
Singapore jumped in rank from the 24th position to sixth between 2006 and 2007.
It has slipped to tenth position between 2008 and 2009.
source : http://www.property-report.com/em_top_stories.php?id=2231&date=220109
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