Property
Should You Invest in a Conservation Property?
By Planner Bee  •  December 30, 2021
Investing in property means adding an asset to your portfolio that should see rental demand or its value appreciate over time. Conserved properties could be your ticket to that. In Singapore, where dozens of properties are built or redeveloped every year, conservation buildings are a rare breed that are guaranteed to stay as they are for as long as the city-state exists. Over 7,000 such buildings have been conserved since the 1970s. Are conservation properties the right investment for you? Here is what to think about before deciding whether to sink your funds into one. What are conserved properties? Buildings that have architectural, historical, and cultural significance are gazetted for conservation by the Urban Redevelopment Authority (URA), a statutory board under the Ministry of National Development. A building granted conservation status cannot be demolished and redeveloped. Owners have to seek permission from the URA if they want to renovate the place or set up certain types of businesses in the building....
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By Planner Bee
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