What Happening in the Singapore Property Market?

Singaporeans have been very vocal recently about property prices in Singapore. In fact, property prices have sky rocketed in the last few years after the recovery for the US financial crisis of 2008. In fact, property prices have increased a new that it is pricing out many first time buyers from the market. 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 of the easiest countries in the world to conduct companies. On top of this, jade scape it is a rustic which places emphasis on law and order. There are also strict laws in in order to protect buyers and investors. A country which places concentrate on protecting investors can be attract investments. For property investment, number of obvious heavy restrictions shield people’s money in the Singapore property arena.

Demand & Supply of Singapore Property

There are currently 5.1 million people in Singapore. In Feb 2013, Singapore shown 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 Singapore due to the sudden influx of people into Singapore regarding past two months and months. How about in 17 years time? With so 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 pay money for Singapore Property?

In Singapore, approximately 15% of properties are private belongings. This means there are 85% of the market that foreigners will not be able shop for. 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. Along with projected population set to rise to 6.9 million, the increase of property prices in Singapore is not finished. There will still be room for advance.

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, 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 supply will dictate the actual way the property market will move. Right now, it looks like demand will outstrip supply.