«

»

Nov 01

What is Happening in the Singapore Property Market?

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 plenty of that it is pricing out many first time buyers from the market place. With cheap financing available all across the world today, really are a few 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 concentrate on law and order. There are also strict laws in in order to protect buyers and investors. A country which places emphasis on protecting investors usually attract investments. For property investment, number of obvious heavy restrictions defend people’s money in the Singapore property arena.

Demand & Associated with Singapore Property

There are currently 5.1 million folks 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 insufficient housing in Singapore due to the sudden influx of people into Singapore in the past two various. How about in 17 years time? Therefore many much increase very busy for housing, and limited land in Singapore, the property market in Singapore is set somewhat red hot by 2030.

Should one invest in Singapore Property?

In Singapore, no more 15% of properties are private households. This means there are 85% of this market that foreigners won’t be able shop for. Private properties in this case refers to apartments, condominums and landed properties. To the basic economic terms, if there is limited supply of private properties for investment and with cheap financing providing liquidity for jade scape strong demand, property prices is all set to head up north. That’s not a problem projected population set to rise to.9 million, the increase of property prices in Singapore is not finished. There stays room for financial growth.

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 going to hotly contested. While economic factors will affect property prices in the short term,. in extended run, demand and give will dictate the actual way the property market will move. Right now, it looks like demand will outstrip supply.