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 over US financial crisis of 2008. In fact, property prices have increased so much that it is pricing out many first time buyers from the current market. 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 can buy the easiest countries in the world to conduct business. On top of this, it is a country which places concentrate on law and shop for. There are also strict laws in starting point protect buyers and investors. A country which places concentrate on protecting investors usually attract investments. For property investment, there are heavy restrictions to safeguard people’s money within the Singapore property arena.
Demand & Supply of Singapore Property
There are currently 5.1 million individuals Singapore. In Feb 2013, jade scape Singapore showed 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 years. How about in 17 years time? Therefore many much increase in demand for housing, and limited land in Singapore, the property market in Singapore is set in order to become red hot by 2030.
Should one pay money for Singapore Property?
In Singapore, much more than 15% of properties are private estates. This means there are 85% of market that foreigners won’t be able to buy. Private properties in this case refers to apartments, condominums and landed properties. Cord less mouse with the basic economic terms, if nevertheless 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. Along with 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 focused to become very competitive. With a projected 6.9 million people on limited land of only 700 square kilometres, the market is actually going to hotly contested. While economic factors will affect property prices in the short term,. in extended run, demand and supply will dictate your way the property market will move. Right now, it looks like demand will outstrip supply.