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 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 demand. With cheap financing available around the world today, many 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 companies. On top of this, it is a country which places concentrate on law and . There are also strict laws in place to protect buyers and investors. A country which places concentrate on protecting investors constantly attract investments. For property investment, number of obvious heavy restrictions defend people’s money in the Singapore property market.
Demand & Supply of Singapore Property
There are currently 5.1 million people in 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 insufficient housing in Singapore due to the sudden influx people today that into Singapore your market past two years. How about in 17 years time? With so much increase well-liked for housing, and limited land in Singapore, the property market in Singapore is set in order to become red hot by 2030.
Should one pay money for Singapore Property?
In Singapore, just 15% of properties are private homes. This means there are 85% of current market that foreigners will not 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 as a limited supply of non-public properties for investment and with cheap financing providing liquidity for strong demand, property prices is all set to head up north. With the projected population set to rise to.9 million, the increase of property prices in Singapore is not finished. There for being room for 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 will be hotly contested. While economic factors will affect property prices in the short term,. in extended run, demand and jade scape present will dictate the actual way the property market will move. Right now, it looks like demand will outstrip supply.