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 sector. 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 sales. On top of this, it is a country which places increased exposure of law and . There are also strict laws in place to protect buyers and investors. A country which places increased protecting investors will always attract investments. For property investment, several heavy restrictions guard people’s money in the Singapore property showcase.
Demand & Supply of Singapore Property
There are currently 5.1 million people in Singapore. In Feb 2013, Singapore shown up 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 of people into Singapore in the past two various. 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 somewhat red hot by 2030.
Should one acquire Singapore Property?
In Singapore, much more than 15% of properties are private estates. 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 use the basic economic terms, if there is 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. With the projected population set to rise to 6.9 million, the increase of property prices in Singapore is not finished. There is still room for 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 can hotly contested. While economic factors will affect property prices in the short term,. in the long run, demand and present will dictate the actual way the property market will move. Right now, it looks like demand jade scape will outstrip supply.