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 contrary to 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 market place. With cheap financing available throughout the world today, are usually many huge inflow of funds into the Singapore Property Market in Singapore.
Singapore is an Investment Haven
Singapore is one among the easiest countries in the world to conduct companies. On top of this, it is a rustic which places focus on law and . There are also strict laws in starting point protect buyers and investors. A country which places concentrate on protecting investors constantly attract investments. For property investment, tend to be heavy restrictions to protect people’s money your past Singapore property arena.
Demand & Supply of Singapore Property
There are currently 5.1 million folks Singapore. In Feb 2013, Singapore came out with a white paper which projects 6.9 million people in the small city state of Singapore by 2030. Currently, there is not enough housing in Singapore due to the sudden influx people today that into Singapore regarding past two very long time. How about in 17 years time? Therefore many much increase needed for housing, and jade scape limited land in Singapore, the property market in Singapore is set for being red hot by 2030.
Should one invest in Singapore Property?
In Singapore, only about 15% of properties are private properties. This means there are 85% of current market that foreigners will not be able to order. Private properties in this case refers to apartments, condominums and landed properties. To the basic economic terms, if as a limited supply of private 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 will still be room for advance.
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 will be going to hotly contested. While economic factors will affect property prices in the short term,. in extended run, demand and still provide will dictate your way the property market will move. Right now, it looks like demand will outstrip supply.