Singapore's home prices and rents still have vast room for upward climb!
Property cycles remain alive and churninghttp://www2.nationproperty.com.sg/np...ges/spacer.gif 12 June
The property market's upswing is complete and Singapore is now in the beginning of a boom phase of the real estate cycle. This is welcome news to all those who have suffered the financial embarrassment of seeing helplessly their mortgaged properties slipping into negative equity in the past decade.
This time round the property bull looks resolute and sustainable with all the economic indices pointing upward.
Chiefly of all is the ultimate plan to transform the island city into a tourist capital, most visibly headlined by the mega integrated resort (IR) projects which will incorporate a casino each. Next is the systematic push to re-engineer the already established regional hub into a global hub for private wealth management. To accomplish the above, the foundation of high literacy level and a solid middle-class affluence is needed. And that is where the property values come in.
The virtuous cycle is now on with the vibrancy in the job market and new expatriate residents looking for quality homes. With home rents still lagging behind those in Hong Kong, Tokyo and Seoul, Singapore's home prices and rents still have vast room for upward climb. :scared-5:
Source: Nationproperty website
Re: Singapore's home prices and rents still have vast room for upward climb!
Quote:
Originally Posted by moneyspinner
Property cycles remain alive and churninghttp://www2.nationproperty.com.sg/np...ges/spacer.gif 12 June
The property market's upswing is complete and Singapore is now in the beginning of a boom phase of the real estate cycle. This is welcome news to all those who have suffered the financial embarrassment of seeing helplessly their mortgaged properties slipping into negative equity in the past decade.
This time round the property bull looks resolute and sustainable with all the economic indices pointing upward.
Chiefly of all is the ultimate plan to transform the island city into a tourist capital, most visibly headlined by the mega integrated resort (IR) projects which will incorporate a casino each. Next is the systematic push to re-engineer the already established regional hub into a global hub for private wealth management. To accomplish the above, the foundation of high literacy level and a solid middle-class affluence is needed. And that is where the property values come in.
The virtuous cycle is now on with the vibrancy in the job market and new expatriate residents looking for quality homes. With home rents still lagging behind those in Hong Kong, Tokyo and Seoul, Singapore's home prices and rents still have vast room for upward climb. :scared-5:
Source: Nationproperty website
Good news!
Hurray!
