Why Investors Love Singapore Property?
Singaporeans and foreigners’ love affair with Singapore property continues despite the global economic uncertainty. Several reasons exist for this state of affairs.
Singapore Property market has been resilient in recent years. Although the property market is not immune to boom-bust cycles, its immediate past performance has been a source of motivation attracting investors who yearn to join the winning streak of their compatriots.
Investors are still flocking to the property market despite an increased supply of new homes and several rounds of anti-speculation measures by the government. Singaporeans and foreigners‘ love affair with Singapore property continues unabated.
While the world sees huge upheaval in United States and Europe in recent years, investing in Singapore property has remained profitable and safe. Investors’ fixation on Singapore property stems from the following circumstances.
Firstly, the low interest rate environment has been a boon to borrowers. It makes sense to invest in Singapore Condominium, apartment or generally other types of residential properties, when rental yield is higher then interest rates.
Secondly, Singapore properties do not become worthless overnight compared to other forms of investments such as shares. Singapore’s housing market is tightly regulated, which offer better protection for buyers. There has never been a case of a developer leaving buyers in the lurch with uncompleted homes in recent years.
Thirdly, Singapore is an island country. With rapid economic development, the scarcity of land in Singapore coupled with a continued influx of foreigners coming here to work, the demand for land and housing can only increase. It is easy to see why local real estate is hot.
With Singapore’s economy at full employment, and a generally optimistic economic growth prospect, Singapore property remains a good bet for investment in the future.
Local Singaporean and foreigners looking to invest in SIngapore property market should check out our home page to find out more.