Singaporeans have been very vocal recently about property prices in Singapore. In fact, property prices have sky rocketed in recent years after the recovery for the US financial crisis of 2008. In fact, property prices have increased much that it is pricing out many first time buyers from the sector. With cheap financing available all across the world today, there are huge inflow of funds into the Singapore Property Market in Singapore.
Singapore is an Investment Haven
Singapore is just one of the easiest countries in the world to conduct business. 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 can be attract investments. For property investment, several heavy restrictions to protect people’s money in the Singapore property latest market.
Demand & Associated with Singapore Property
There are currently 5.1 million individuals Singapore. In Feb 2013, Singapore developed with a white paper which projects 6.9 million people in the small city state of Singapore by 2030. Currently, there is not enough housing in Singapore due to the sudden influx ladies into Singapore your market past two years. 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 estates. This means there are 85% of the 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 work involved . limited supply of personal properties for investment and with cheap financing providing liquidity for strong demand, property prices is all set to head up north. Along with projected population set to rise in order to six.9 million, the increase of property prices in Singapore isn’t finished. There will still be room for financial growth.
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 is actually going to 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 jade scape will outstrip supply.