Investing in Singapore Property Market
The Singapore property market has attracted buyers and foreign investors for over a decade. The reason is that Singapore is land scarce and investing in property is always a good idea for investors. Also, foreign investors have a lot of scope in the generally stable real estate market of Singapore which doesn’t face ups and downs on a regular basis. As compared to the real estate markets of other countries, new launches in Singapore property in the residential and commercial sectors are frequent. Hence, this is why commercial property for sale in Singapore is always in demand. Even Singapore shophouses get their fair share of investors because of the booming economy and efficient government.
• Current Property Market Situation in Singapore – A speculative fever gripped the Singapore property market recently which has led IRAS, MAS, URA and MND to impose various regulations to cool the market. Currently, the demand is considerably outstripping the supply of properties and the rising prices are sure to continue. With only 10,000 houses available and the demand being 20,000, the price rise has not been a surprise for anyone. Currently, the government and authorities are trying to curb and control the property market. Measures are being taken to ensure that the sundry 10,000 people are deferred from investing in the market by various measures like interest rate hikes, etc.
• Why Investors Should Take Advantage in Investing in Current Singapore Properties – As seen from the current property market situation in Singapore, the demand is exceeding the supply considerably which directly means that the prices will continue to rise. Even though efforts are being made to curb the Singapore property market, it doesn’t change the fact that buying now would be a great investment decision. The right selling time would have to be studied by the buyers and investors to make the most of the current situation of the property market.
Also, property investment has always been a great investment idea for one very important reason – it provides security. The Singapore property market enjoys stability on most occasions and investing in property would be great for budding investors. They can protect themselves from inflation, turns of the economy, fluctuating interest rates and unexpected situations.
The rental income derived from HDB housing and condos is enough to sustain retirees and help them lead a comfortable life. The above reasons coupled with the current situation of the Singapore property market show why investing right now is a brilliant idea.