Singaporeans have been very vocal recently about property prices in Singapore. In fact, property prices have sky rocketed in the past several years after the recovery for 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 sector. With cheap financing available all around the world today, really are a few 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 business. On top of this, it is a country which places emphasis on law and design. There are also strict laws in place to protect buyers and investors. A country which places increased exposure of protecting investors can be attract investments. For property investment, tend to be heavy restrictions to safeguard people’s money in the Singapore property showcase.
Demand & Supply of Singapore Property
There are currently 5.1 million individuals Singapore. In Feb 2013, Singapore shown up 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 of people into Singapore regarding past two very long time. How about in 17 years time? With so much increase in demand for housing, and limited land in jade scape singapore, the property market in Singapore is set to become red hot by 2030.
Should one pay money for Singapore Property?
In Singapore, approximately 15% of properties are private estates. This means there are 85% of the marketplace that foreigners won’t be able to buy. Private properties in this particular case refers to apartments, condominums and landed properties. To the basic economic terms, if is actually 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. That’s not a problem projected population set to rise to.9 million, the increase of property prices in Singapore is not finished. There is still room for financial 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 going to hotly contested. While economic factors will affect property prices in the short term,. in the future run, demand and supply will dictate your way the property market will move. Right now, it looks like demand will outstrip supply.