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 over US financial crisis of 2008. In fact, property prices have increased so much that it is pricing out many first time buyers from the market. With cheap financing available all over the world today, there are 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 rustic 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 protecting investors constantly attract investments. For property investment, number of obvious heavy restrictions to protect people’s money as Singapore property advertise.
Demand & Supply of Singapore Property
There are currently 5.1 million folks Singapore. In Feb 2013, Singapore showed up with a white paper which projects 6.9 million people the small city state of Singapore by 2030. Currently, there is not enough housing in Singapore due to the sudden influx individuals who into Singapore in the past two months and jade scape months. 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 turn to red hot by 2030.
Should one invest in Singapore Property?
In Singapore, approximately 15% of properties are private households. This means there are 85% of this market that foreigners won’t be able decide to buy. Private properties in this case refers to apartments, condominums and landed properties. To be able to the basic economic terms, if there is 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. 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 stays room for business expansion.
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 hotly contested. While economic factors will affect property prices in the short term,. in lengthy run, demand and supply will dictate the particular property market will move. Right now, it looks like demand will outstrip supply.