However, perhaps the main factor that could influence U.S. buyers is rising costs in the U.S. real estate market. Experts disagree on whether America is in a housing bubble, but the common point of consensus is that housing construction in major cities is inflated. This could send their real estate investors looking elsewhere for a better deal, and Singapore is currently a prime location for cheap luxury real estate (see point 4). After a tax amnesty this year, some Indonesian investors are now worried about the Automatic Exchange of Information (AIA) agreement scheduled for 2018. If this were to happen, it would result in the disclosure of financial information (e.g. B bank accounts) between 101 participating countries. Singapore could be one of them.
EFTA is a free trade area comprising Switzerland, Iceland, Liechtenstein and Norway. Singapore`s negotiations for a free trade agreement with the European Union are ongoing and it is therefore premature for MTI to set out at this stage the full range of benefits and concessions arising from this free trade agreement. . . .