Singaporeans have been very vocal recently about property prices in Singapore. In fact, property prices have sky rocketed in the past several years after the recovery contrary to the US financial crisis of 2008. In fact, property prices have increased too much that it is pricing out many first time buyers from the market. With cheap financing available all across the world today, many huge inflow of funds into the Singapore Property Market in Singapore.
Singapore is an Investment Haven
Singapore is can buy the easiest countries in the world to conduct undertaking. On top of this, it is a country which places emphasis on law and order. There are also strict laws in place to protect buyers and investors. A country which places concentrate on protecting investors generally attract investments. For property investment, number of obvious heavy restrictions to protect people’s money your past Singapore property arena.
Demand & Supply of Singapore Property
There are currently 5.1 million people Singapore. In Feb 2013, Singapore came out with a white paper which projects 6.9 million people in the small city state of Singapore by 2030. Currently, there is insufficient housing in Singapore due to the sudden influx individuals who into Singapore in the past two months and months. 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 to become red hot by 2030.
Should one invest in Singapore Property?
In Singapore, only about 15% of properties are private estates. This means there are 85% of market that foreigners will not be able to buy. Private properties in this particular case refers to apartments, condominums and landed properties. Make use of of the basic economic terms, if as a limited supply of personal properties for investment and with cheap financing providing liquidity for strong demand, property prices is all set to head up north. With the projected population set to rise to.9 million, jade scape the increase of property prices in Singapore is not finished. There will be room for business expansion.
The property market in Singapore is placed to become very competitive. With a projected 6.9 million people on limited land of only 700 square kilometres, the market will be hotly contested. While economic factors will affect property prices in the short term,. in the future run, demand and present will dictate the particular property market will move. Right now, it looks like demand will outstrip supply.