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 off of 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 demand. With cheap financing available all over the world today, are usually 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 business. On top of this, it is a country which places emphasis on law and order. There are also strict laws in in order to protect buyers and investors. A country which places focus on protecting investors usually attract investments. For property investment, several heavy restrictions shield people’s money in the Singapore property latest market.
Demand jade scape & Supply of 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 people the small city state of Singapore by 2030. Currently, there is inadequate housing in Singapore due to the sudden influx individuals who into Singapore in the past two various. How about in 17 years time? With so much increase needed for housing, and limited land in Singapore, the property market in Singapore is set to become red hot by 2030.
Should one pay money for Singapore Property?
In Singapore, only about 15% of properties are private estates. This means there are 85% of this market that foreigners won’t be able shop for. Private properties in this particular case refers to apartments, condominums and landed properties. To use the basic economic terms, if is actually 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. One projected population set to rise in order to six.9 million, the increase of property prices in Singapore isn’t finished. There stays room for financial growth.
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 extended run, demand and give will dictate how the property market will move. Right now, it looks like demand will outstrip supply.