Singaporeans have been very vocal recently about property prices in Singapore. In fact, property prices have sky rocketed in the last few years after the recovery from the US financial crisis of 2008. In fact, property prices have increased so much that it is pricing out many first time buyers from the current market. With cheap financing available all over the world today, there are huge inflow of funds into the Singapore Property Market in Singapore.
Singapore is an Investment Haven
Singapore is just one of the easiest countries in the world to conduct sales. On top of this, it is a rustic which places increased exposure of law and design. There are also strict laws in in order to protect buyers and investors. A country which places focus on protecting investors constantly attract investments. For property investment, number of obvious heavy restrictions shield people’s money as Singapore property arena.
Demand & Associated with Singapore Property
There are currently 5.1 million people in Singapore. In Feb 2013, jade scape singapore developed with a white paper which projects 6.9 million individuals the small city state of Singapore by 2030. Currently, there is not enough housing in Singapore due to the sudden influx of people into Singapore regarding past two years. How about in 17 years time? Therefore many much increase in demand for housing, and limited land in Singapore, the property market in Singapore is set for being red hot by 2030.
Should one pay money for Singapore Property?
In Singapore, approximately 15% of properties are private households. This means there are 85% of the marketplace that foreigners won’t be able decide to buy. Private properties in this particular case refers to apartments, condominums and landed properties. To be able to the basic economic terms, if work involved . limited supply of personal properties for investment and with cheap financing providing liquidity for strong demand, property prices almost all set to head up north. That’s not a problem projected population set to rise to 6.9 million, the increase of property prices in Singapore isn’t finished. There is still room for growth.
The property market in Singapore is focused to become very competitive. With a projected 6.9 million people on limited land of only 700 square kilometres, the market is actually going to hotly contested. While economic factors will affect property prices in the short term,. in the future run, demand and supply will dictate the particular property market will move. Right now, it looks like demand will outstrip supply.