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 plenty of that it is pricing out many first time buyers from the demand. With cheap financing available throughout the world today, there 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 sales. 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 increased exposure of protecting investors can be attract investments. For property investment, number of obvious heavy restrictions shield people’s money within the Singapore property market.

Demand & Supply of Singapore Property

There are currently 5.1 million folks Singapore. In Feb 2013, Singapore showed up with a white paper which projects 6.9 million people in the small city state of Singapore by 2030. Currently, there is inadequate housing in jade scape singapore due to the sudden influx of people into Singapore within past two years. How about in 17 years time? Therefore many much increase purchased for housing, and limited land in Singapore, the property market in Singapore is set to turn to red hot by 2030.

Should one pay money for Singapore Property?

In Singapore, much more than 15% of properties are private homes. This means there are 85% of market that foreigners won’t be able shop for. Private properties in this case refers to apartments, condominums and landed properties. To be able to the basic economic terms, if there is 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. With the projected population set to rise to 6.9 million, the increase of property prices in Singapore isn’t finished. There will still be room for advance.

The property market in Singapore is set to become very competitive. With a projected 6.9 million people on limited land of only 700 square kilometres, the market get hotly contested. While economic factors will affect property prices in the short term,. in extended run, demand and give will dictate how the property market will move. Right now, it looks like demand will outstrip supply.

Tags: No tags