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 so much that it is pricing out many first time buyers from the market place. With cheap financing available around the world today, there huge inflow of funds into the Singapore Property Market in Singapore.
Singapore is an Investment Haven
Singapore is one among the easiest countries in the world to conduct concern. 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 increased exposure of protecting investors usually attract investments. For property investment, several heavy restrictions guard people’s money as Singapore property arena.
Demand & Associated with Singapore Property
There are currently 5.1 million individuals Singapore. In Feb 2013, Singapore came out with a white paper which projects 6.9 million folks the small city state of Singapore by 2030. Currently, there is not enough housing in Singapore due to the sudden influx people into Singapore regarding past two months and months. How about in 17 years time? With so much increase in demand for housing, and limited land in jade scape singapore, the property market in Singapore is set for being 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 case refers to apartments, condominums and landed properties. Make use of of the basic economic terms, if there is 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. With the projected population set to rise to 6.9 million, the increase of property prices in Singapore isn’t finished. There will still be room for advance.
The property market in Singapore is positioned 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 lengthy run, demand and present will dictate how the property market will move. Right now, it looks like demand will outstrip supply.