Singaporeans have been very vocal recently about property prices in Singapore. In fact, property prices have sky rocketed in the past several years after the recovery from 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 market place. With cheap financing available throughout the world today, jade scape many huge inflow of funds into the Singapore Property Market in Singapore.
Singapore is an Investment Haven
Singapore is one among 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 concentrate on protecting investors usually attract investments. For property investment, you will find heavy restrictions to safeguard people’s money within the Singapore property market.
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 not enough housing in Singapore due to the sudden influx people into Singapore in the past two years. 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 in order to become red hot by 2030.
Should one invest in Singapore Property?
In Singapore, approximately 15% of properties are private homes. 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. Cord less mouse with the basic economic terms, if as a 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 in order to six.9 million, the increase of property prices in Singapore isn’t finished. There will be room for business expansion.
The property market in Singapore is placed 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 extended run, demand and provide will dictate any property market will move. Right now, it looks like demand will outstrip supply.