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 contrary to the US financial crisis of 2008. In fact, property prices have increased too much that it is pricing out many first time buyers from the demand. With cheap financing available all over the world today, many huge inflow of funds into the Singapore Property Market in Singapore.
Singapore is an Investment Haven
Singapore is a person of 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 increased exposure of protecting investors will always attract investments. For property investment, number of obvious heavy restrictions shield people’s money as Singapore property showcase.
Demand & Supply of Singapore Property
There are currently 5.1 million people Singapore. In Feb 2013, Singapore seemed to be with a white paper which projects 6.9 million people in the small city state of jade scape singapore by 2030. Currently, there is inadequate housing in Singapore due to the sudden influx people into Singapore your market past two very long time. 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 for being red hot by 2030.
Should one acquire Singapore Property?
In Singapore, no more 15% of properties are private belongings. This means there are 85% of the market that foreigners will not be able to buy. Private properties in this particular case refers to apartments, condominums and landed properties. To the basic economic terms, if nevertheless 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. That’s not a problem projected population set to rise to 6.9 million, the increase of property prices in Singapore is not finished. There is still room for business expansion.
The property market in Singapore is about to become very competitive. With a projected 6.9 million people on limited land of only 700 square kilometres, the market get hotly contested. While economic factors will affect property prices in the short term,. in lengthy run, demand and still provide will dictate the particular property market will move. Right now, it looks like demand will outstrip supply.