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 off of the US financial crisis of 2008. In fact, property prices have increased plenty of that it is pricing out many first time buyers from the market place. With cheap financing available all over 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 business. On top of this, it is a country which places focus on law and . There are also strict laws in place to protect buyers and investors. A country which places emphasis on protecting investors constantly attract investments. For property investment, you will find heavy restrictions defend people’s money within the Singapore property market.
Demand & Supply of Singapore Property
There are currently 5.1 million people 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 into Singapore in the past two years. How about in 17 years time? With so much increase purchased 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, much more than 15% of properties are private belongings. This means there are 85% of the market that foreigners will not be able to order. Private properties in this case refers to apartments, jade scape condominums and landed properties. Make use of of the basic economic terms, if nevertheless 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. That’s not a problem projected population set to rise in order to six.9 million, the increase of property prices in Singapore isn’t finished. There will still be room for advance.
The property market in Singapore is set 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 future run, demand and present will dictate how the property market will move. Right now, it looks like demand will outstrip supply.