Singaporeans have been very vocal recently about property prices in Singapore. In fact, property prices have sky rocketed in the past few 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 market place. With cheap financing available all around the world today, there are huge inflow of funds into the Singapore Property Market in Singapore.
Singapore is an Investment Haven
Singapore is one of the easiest countries in the world to conduct business. On top of this, it is a country which places focus law and design. There are also strict laws in place to protect buyers and investors. A country which places emphasis on protecting investors usually attract investments. For property investment, there are heavy restrictions shield people’s money in the Singapore property latest market.
Demand & Associated with 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 not enough housing in Singapore due to the sudden influx people into Singapore regarding past two various. How about in 17 years time? Therefore many much increase in demand for housing, and limited land in Singapore, the property market in Singapore is set somewhat red hot by 2030.
Should one purchase Singapore Property?
In Singapore, just 15% of properties are private belongings. This means there are 85% of this 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. Along with projected population set to rise to 6.9 million, the increase of property prices in Singapore is not finished. There for being room for popularity.
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 will be going to hotly contested. While economic factors will affect property prices in the short term,. in lengthy run, demand and still provide will dictate your way the property market will move. Right now, it looks like demand will outstrip supply.