Singaporeans have been very vocal recently about property prices in Singapore. In fact, property prices have sky rocketed in of late after the recovery contrary to 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 demand. With cheap financing available all over the world today, there are huge inflow of funds into the jade scape singapore Property Market in Singapore.
Singapore is an Investment Haven
Singapore is one of the easiest countries in the world to conduct sales. On top of this, it is a country which places focus law and shop for. There are also strict laws in in order to protect buyers and investors. A country which places focus on protecting investors can be attract investments. For property investment, several heavy restrictions to safeguard people’s money as Singapore property latest market.
Demand & Supply of Singapore Property
There are currently 5.1 million people 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 a past two years. How about in 17 years time? Therefore many much increase very busy for housing, and limited land in Singapore, the property market in Singapore is set to become red hot by 2030.
Should one acquire Singapore Property?
In Singapore, approximately 15% of properties are private estates. This means there are 85% of current market that foreigners won’t be able shop for. Private properties in this case refers to apartments, condominums and landed properties. To the basic economic terms, if there is limited supply of non-public 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 six.9 million, the increase of property prices in Singapore is not finished. There will be room for business expansion.
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 going to hotly contested. While economic factors will affect property prices in the short term,. in lengthy run, demand and still provide will dictate any property market will move. Right now, it looks like demand will outstrip supply.