Singaporeans have been very vocal recently about property prices in Singapore. In fact, jade scape property prices have sky rocketed in of late after the recovery over US financial crisis of 2008. In fact, property prices have increased too much that it is pricing out many first time buyers from the current market. With cheap financing available around the world today, are usually many 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 business. On top of this, it is a rustic which places increased exposure of law and shop for. There are also strict laws in in order to protect buyers and investors. A country which places concentrate on protecting investors will always attract investments. For property investment, you will find heavy restrictions to protect people’s money your past Singapore property market.
Demand & Supply of Singapore Property
There are currently 5.1 million people in Singapore. In Feb 2013, Singapore seemed to be 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 within past two very long time. 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 somewhat red hot by 2030.
Should one expend on Singapore Property?
In Singapore, just 15% of properties are private estates. This means there are 85% of the market that foreigners will not be able decide to buy. Private properties in this particular case refers to apartments, condominums and landed properties. To be able 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 is 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 is still room for financial growth.
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 is actually going to hotly contested. While economic factors will affect property prices in the short term,. in the long run, demand and present will dictate your way the property market will move. Right now, it looks like demand will outstrip supply.