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 contrary to 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 demand. With cheap financing available throughout the world today, there are 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 undertaking. On top of this, it is a country which places focus on law and order. There are also strict laws in starting point protect buyers and investors. A country which places increased protecting investors will always attract investments. For property investment, tend to be heavy restrictions guard people’s money in the Singapore property showcase.
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 individuals the small city state of Singapore by 2030. Currently, there is inadequate housing in Singapore due to the sudden influx people today that into Singapore in the 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 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 current market that foreigners won’t be able decide to buy. Private properties in this particular case refers to apartments, condominums and landed properties. Make use of of the basic economic terms, if is actually limited supply of non-public 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 to six.9 million, the increase of property prices in Singapore is not finished. There stays room for financial growth.
The property market in Singapore is positioned to become very competitive. With a projected 6.9 million people on limited land of only 700 square kilometres, jade scape the market will be going to hotly contested. While economic factors will affect property prices in the short term,. in the long run, demand and supply will dictate the particular property market will move. Right now, it looks like demand will outstrip supply.