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New property singapore
1. Singapore has been able to attract property buyers of the homeland and from other countries of the
world during the recent years. Property buyers, having futuristic approach, have been pretty active in
this country from many years.
New property singapore
Interest rates and SIBOR (Singapore Interbank Offered Rate) for home buyers are at their lowest level at
this point of history, and it is useless to think that they will fall further. Expectations are that they may
only rise now in the coming years. Various home planners are actively taking part in building
condominiums and flats for public in Singapore.
Over 30,000 condominiums from private resources and more than 50,000 flats from HDB (Housing &
Development Board) have been added to the estate market. This has led people to own more and more
homes for their personal use, and for rental purposes. Since the year 2008, the government of
Singapore has realized its duty of providing homes to public.
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The real-estate related strategy analysts have been divided over the issue as they are in a dilemma
about the future of property prices. It is difficult for them to make an educated guess over the future of
the real-estate business in Singapore. Now, the lowest ever interest rate is luring, and people are of the
view that it is the best time to buy condominiums or flats.
Real-estate strategists are also thinking about the coming years when even more residential and
commercial properties will be available; many new projects will complete soon. It means new prospects
for buyers who will get these properties at depressed rates.
Singapore new launch
This has again led people to believe in the situation when investors from other countries will also
decrease their property buying activities in Singapore. The financial analysts say that the Chinese
investors are finding cash problems even in China, and this problem will further aggravate in the coming
years. As the foreign property buyers have mostly been coming from China, it can rightly be guessed
that they will not be able to invest in Singapore when they will have money problems for investment
even in their own country.
The other investors were previously from America and Europe. Now, financial experts are of the view
that Europe and America are again standing at the door of an imminent recession. The situation is
leading people to hinder their way to invest in Singapore.
2. The lowest interest rates, the advantages of having a property, and the lowest prices are compelling
people to have, at least, their residential apartments, flats, condominiums or commercial properties. It
may prove a blessing in future recession years when they will not have to pay rent on their flats or
commercial properties.