Singapore has always had a serious focus on growing their economy, building up investment opportunities for their people and their nation, and designs on becoming one of the major players in the global scene as far as business, commerce, and investment is concerned – which is why the fact that the property market in Singapore rose by 50% to $8.1 billion in the first half of 2017 isn’t all that surprising to those that have been paying attention.
Of course, on the flipside, we are still talking about an investment market that grew by 50% – 50%! – when the overwhelming majority of other real estate markets around the world are growing with single-digit progress or receding at a breakneck pace as the world still tries to find its way out of the “Great Recession of the mid-2000s.
New reports published by the Real Capital Analytics organization show substantial growth throughout the property sector Singapore, not only as far as residential properties are concerned but as far as commercial properties are concerned as well. Several major new offices have been developed in Singapore, large residential development deals have finally started to come to fruition, and there is an additional $6.3 billion worth of deals that are still set to be completed by the time 2017 comes to end.
We are talking about a lot of money moving hands in the Singapore real estate community these days!
The Singapore government is doing absolutely everything it can to facilitate this growth, by making it easy for individuals and organizations (based in Singapore as well as overseas) to get the kind of funding they need to push this growth even farther and even faster in the years to come. The major initiatives that they are rolling out are helping nations like India and China get in on the action as well, though plenty of organizations in Europe as well as North America are getting into the swing of things, too.
Amazingly, Singapore’s growth is far outpacing that of Hong Kong, Tokyo, Shanghai, and a handful of other hot real estate markets in the Asian Pacific region as well. They are absolutely dominating the market that Australia is still dealing with, and across the global community they are doing better than most anyone else when it comes to residential as well as commercial property increases.
Somewhat surprisingly not many are expecting or anticipating this to be a real estate bubble the way that the world experienced in the early 2000’s. This is seen as exponential growth and a rapid climb for sure, but no one expects the ground to fall out of the Singapore real estate market anytime soon – especially since so much money is going into the development of new infrastructure and the stability of the Singapore economy in general.
There’s no way to know exactly how to shake out, but so far it looks like great news for people in Singapore as well as those looking to capitalize on property investments.
About the Author
Morris Edwards is a content writer at CompanyRegistrationinSingapore.com.sg, he writes different topics like 10 reasons to invest in Singapore commercial propertyand all topics related to Business and Economy, if you are interested about Company Registration Singapore visit our website.
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