Information is essential in making that decision to buy or sell that property. The common principle that property investment is all about location, location and location is rooted in the minds of many property investors. Property investors can make visits to the location but how do they know what is the history of that particular site and what are the future developments in the next 5 years or 10 years?
In Singapore, the state is the primary landlord and the agency midwood condo price responsible for looking after state land is Singapore Land Authority (SLA). Formed on 1 June 2001, its main mission is to optimise land resources for the economic and social development of Singapore. Besides looking after state land, another key function of SLA is to maintain the national land information database. Public can visit SLA to purchase information on any parcel of land in Singapore. To make information readily available to the public, SLA also manages One Map. This is an integrated map system where anyone can find location-based information. For example, property investors may like to know the breakdown of demographics of residents staying in an area, or the distance from a particular MRT station to the development. Such information can be obtained from the website.