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 much that it is pricing out many first time buyers from the market. With cheap financing available around 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 undertaking. On top of this, it is a country which places emphasis on law and design. There are also strict laws in place to protect buyers and investors. A country which places emphasis on protecting investors usually attract investments. For property investment, number of obvious heavy restrictions guard people’s money as Singapore property market.
Demand & Supply of Singapore Property
There are currently 5.1 million people Singapore. In Feb 2013, Singapore showed up with a white paper which projects 6.9 million individuals the small city state of Singapore by 2030. Currently, there is insufficient housing in Singapore due to the sudden influx individuals who into Singapore within past two years. How about in 17 years time? Therefore many much increase in demand for housing, and limited land jade scape in Singapore, the property market in Singapore is set to become red hot by 2030.
Should one invest in Singapore Property?
In Singapore, only about 15% of properties are private properties. This means there are 85% of this market that foreigners won’t be able to buy. Private properties in this particular case refers to apartments, condominums and landed properties. To be able to the basic economic terms, if is actually 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. 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 is still room for business expansion.
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 is actually going to hotly contested. While economic factors will affect property prices in the short term,. in the long run, demand and still provide will dictate the actual way the property market will move. Right now, it looks like demand will outstrip supply.