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 off of the US financial crisis of 2008. In fact, property prices have increased too much that it is pricing out many first time buyers from the market place. With cheap financing available all across the world today, there 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 business. On top of this, it is a country which places increased exposure of law and order. There are also strict laws in in order to protect buyers and investors. A country which places increased exposure of protecting investors will always attract investments. For property investment, you will find heavy restrictions to protect people’s money your past Singapore property latest market.
Demand & Supply of Singapore Property
There are currently 5.1 million people 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, there is not enough housing in Singapore due to the sudden influx individuals who into Singapore within past two very long time. How about in 17 years time? Therefore many much increase purchased for housing, jade scape and limited land in Singapore, the property market in Singapore is set to become red hot by 2030.
Should one invest in Singapore Property?
In Singapore, approximately 15% of properties are private homes. This means there are 85% of the marketplace that foreigners will not be able shop for. Private properties in this case refers to apartments, condominums and landed properties. To the basic economic terms, if is actually 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. An issue projected population set to rise in order to six.9 million, the increase of property prices in Singapore is not finished. There stays room for popularity.
The property market in Singapore is placed 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 the long run, demand and provide will dictate the actual way the property market will move. Right now, it looks like demand will outstrip supply.