Singaporeans have been very vocal recently about property prices in Singapore. In fact, property prices have sky rocketed in recent years after the recovery contrary to the US financial crisis of 2008. In fact, property prices have increased a new that it is pricing out many first time buyers from the sector. With cheap financing available all across the world today, there 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 concern. On top of this, it is a country which places focus 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 will always attract investments. For property investment, you will find heavy restrictions to protect people’s money your past Singapore property arena.
Demand & Associated with Singapore Property
There are currently 5.1 million people in Singapore. In Feb 2013, Singapore shown up with a white paper which projects 6.9 million folks the small city state of Singapore by 2030. Currently, there is insufficient housing in Singapore due to the sudden influx of people into Singapore within past two lots of. How about in 17 years time? With so 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 acquire Singapore Property?
In Singapore, much more than 15% of properties are private properties. 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 use the basic economic terms, if there is limited supply of non-public 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 six.9 million, the increase of property prices in Singapore isn’t finished. There will be room for jade scape popularity.
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 will be hotly contested. While economic factors will affect property prices in the short term,. in the long run, demand and still provide will dictate your way the property market will move. Right now, it looks like demand will outstrip supply.