Singapore’s real estate market continues to be one of the most preferred property hubs for global investors as per several studies and reports. Properties in Singapore posted record increases in prices for Q3 2018 according to reports as far as the luxury real estate segment was concerned. These gains even outshone Hong Kong, one of the costliest realty markets globally. This clearly points to considerable demand amongst global investors for Singapore property.
Investors usually prefer Singapore property for several factors including its overall political stability and peaceful environment along with the lack of disruptions seen in other parts of the world such as damages arising from agitations and unrest or seizures by the Government. The Singapore dollar’s heft also lends its weight towards real estate investments made here. The Monetary Authority of Singapore, the central bank, also appeals to investors with its pro-active approach while the Government has also taken several initiatives to stabilize the property market. Housing quality regulations have been enforced through several Government measures which include the release of URA guidelines on maximum sizes of units.
Singapore has an overall scarcity of land and population growth will automatically lead to skyrocketing demand for real estate here. Even in 2017, property purchases from non-Singapore residents went up by a whopping 44.8%. Singapore property is likely to remain a safe investment in the foreseeable future as per experts. Singapore’s real estate investors primarily focus on Core Central Region or CCR housing units inclusive of premium options like private homes in Districts 10, 9 and 11 in tandem with freehold or 999-year leasehold properties which can be good investments as well.
S-REITs or Singapore Real Estate Investment Trusts have also been perceived as good investment channels by several global investors. Global property buyers should certainly do their homework but Singapore’s property market should definitely continue attracting ample foreign investments over the next few years and price growth should also continue accordingly.
