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 off of the 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 throughout the world today, many 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 sales. 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 increased protecting investors usually attract investments. For property investment, several heavy restrictions to safeguard people’s money in the Singapore property arena.
Demand & Supply of Singapore Property
There are currently 5.1 million folks Singapore. In Feb 2013, Singapore seemed to be with a white paper which projects 6.9 million people the small city state of Singapore by 2030. Currently, jade scape there is insufficient housing in Singapore due to the sudden influx people into Singapore within past two years. 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, no more 15% of properties are private households. This means there are 85% of 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 there is 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. One projected population set to rise to.9 million, the increase of property prices in Singapore is not finished. There for being room for business expansion.
The property market in Singapore is positioned to become very competitive. With a projected 6.9 million people on limited land of only 700 square kilometres, the market can hotly contested. While economic factors will affect property prices in the short term,. in the long run, demand and give will dictate your way the property market will move. Right now, it looks like demand will outstrip supply.