Singaporeans have been very vocal recently about property prices in Singapore. In fact, property prices have sky rocketed in of late after the recovery from the US financial crisis of 2008. In fact, property prices have increased a new that it is pricing out many first time buyers from the current market. With cheap financing available all around the world today, there huge inflow of funds into the Singapore Property Market in Singapore.
Singapore is an Investment Haven
Singapore is just one of the easiest countries in the world to conduct sales. On top of this, it is a country which places increased exposure of law and order. There are also strict laws in place to protect buyers and investors. A country which places focus on protecting investors generally attract investments. For property investment, you will find heavy restrictions to safeguard people’s money in the Singapore property showcase.
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 individuals 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 in the past two months and months. How about in 17 years time? With so 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, no more 15% of properties are private estates. This means there are 85% of current market that foreigners won’t be able shop for. Private properties in this case refers to apartments, condominums and landed properties. To be able to the basic economic terms, if work involved . 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. With the projected population set to rise to.9 million, the increase of property prices in Singapore is not finished. There stays room for advance.
The property market in Singapore is focused 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 the long run, demand and supply will dictate your way the property market will move. Right now, it looks like demand jade scape will outstrip supply.