The Singapore real estate economy was on a roster this season. As fast as new condos sprouted up, they may actually have now been nearly as fast consumed by the industry. This looks particularly so for bulk market home, which led a huge proportion of those over 16,000 brand new units sold this season.
A Look back at the Singapore Property Market at 2010
In accordance with official URA (Urban Redevelopment Authority) statistics, prices of private property land from Singapore climbed a gigantic 17.6 percent this season, exceeding the prior high (achieved in 1996) from the 2 nd quarter, and also continued to trend up then.
Industry players feature this increase to the strong Singapore market and low rates of interest, that’s again bringing foreign buyers back in the market after an estimated drop in prices failed to materialize. If you have any doubts or queries regarding the property investment in Singapore then you can visit http://www.sgnewcondolaunch.com.sg/properties/queens-peak/.
Singapore Property Market at 2011
Industry pros say the prognosis remains strong with this past year, though overall prices rises can medium to between 3 to 10 percent. However, they’re far more optimistic about luxury domiciles, saying that this industry can grow by between 5 to 10 percent.
From the mass market end, endeavors as a result of launching early 2011 should comprise waterfront Isle along with Canberra Residences, a 5-story midsize condominium in Sembawang, that’ll handle a lack of new personal endeavors at the northern end of Singapore.