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 for 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 all around the world today, many 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 business. On top of this, it is a country which places increased exposure of law and shop for. There are also strict laws in place to protect buyers and investors. A country which places increased protecting investors generally attract investments. For property investment, you will find heavy restrictions defend people’s money in the Singapore property showcase.
Demand & Supply of 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 individuals the small city state of Singapore by 2030. Currently, there is insufficient housing in Singapore due to the sudden influx individuals who into Singapore your market past two lots of. How about in 17 years time? With so much increase purchased for housing, and limited land in Singapore, the property market in Singapore is set to turn to red hot by 2030.
Should one pay money for Singapore Property?
In jade scape singapore, just 15% of properties are private estates. This means there are 85% of market that foreigners won’t be able to buy. Private properties in this case refers to apartments, condominums and landed properties. To be able to the basic economic terms, if there is limited supply of private 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 six.9 million, the increase of property prices in Singapore is not finished. There stays room for advance.
The property market in Singapore is set to become very competitive. With a projected 6.9 million people on limited land of only 700 square kilometres, the market can hotly contested. While economic factors will affect property prices in the short term,. in the long run, demand and present will dictate the particular property market will move. Right now, it looks like demand will outstrip supply.