Hence, investors with a futuristic approach in their investments would certainly find this to be a great time to make an investment in a property in the city. The many home planners and developers in the city have also taken advantage of the situation, and have commenced the construction of luxury condominiums and flats in large numbers. Over 30,000 luxury condominiums, and another 50,000+ HDB flats and apartments have been developed in the past decade with thousands of others on their way up. The government of Singapore has also realized the need to offer homes to the people of the city, and have reduced the regulations on property ownership for internal citizens and foreigners alike.
This has opened the gates for widespread property investment in the city, with large sums of money flowing in from all corners of the world. Citizens of the city, as well as foreigners from all parts of the globe are spending millions in their attempts to acquire homes in condominium complexes for their own use or for putting them up for rent. The current interest rates and property prices have, however, put strategy analysts in the industry in a spot of bother.Read More