Below is an interesting article from The Business Times about International Housing Affordability Survey 2017 : Singapore is an international city, and – We have first-world city planning, security, strong economy, strong currency. – Singapore property market is appealing to foreigners and residents alike, due to scarcity of its land supply. – We have been a strong magnet for skill workforce and investment funds. – With Singapore Government’s clockwork administration and foresight, via the various cooling and financial measures, we have effectively crafted a soft landing in the property market, which is now poised to gain steady going forward into 2018. After declining gradually for 4 years, our properties in general are now about at the very same price level as what they were 5 years ago. This is even in spite of healthy GDP and household earnings development over these few years. Consequently, the real estate market has become more budget-friendly now compare to other countries whereby it is identified as the second most budget-friendly according to Urban Land Institute and PwC’s survey while many others continued to see their property prices gaining higher. This has actually transformed Singapore into a lot more attractive destination for buying homes and other properties in comparison to other countries. – The ample standby liquidity will assist to prop up Singapore’s real estate market and will assist to support rising price level over the coming years. – The private home market is also under supplied over the next 3 years in terms of new homes completion, and our unsold new home stocks are at its multiple years low level. Now may be the time to buy Singapore new property.
Other property news
- Recent Bidded Prices for Land Tender & En Bloc
- A private residential site at Amber road up for tender sale
- Higher rental return from compact apartments
- Novel marketing strategy from a Punggol project
- A Sentosa Cove Bungalow sets new price benchmark.
- New regulation to determine maximum number of residential units
- Tuan Sing earns $6.8m in Q1 2012
- Robust bid for Upper Thomson land site