In recent years, Singapore has succeeded in attracting both home and foreign buyers. Homebuyers with a futuristic approach have been quite active in the country for years.
Interest rates and SIBOR for homebuyers are at historical lows at the moment, and there is no point in believing that they will continue to fall. It is expected that it will only increase in the coming years. Various house managers are actively involved in the construction of condominiums and public housing in Singapore. You can also check out the Pullman-Residences in Singapore if you are looking to buy apartments.
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More than 30,000 private condominiums and more than 50,000 HDB apartments have been added to the real estate market. This has resulted in more and more people owning houses for personal use and rental. Since 2008, the Singapore government has fulfilled its commitment to provide housing for the community.
Real estate strategy analysts disagree on this issue because they are in a dilemma about future home prices. They find it difficult to make smart assumptions about the future of the real estate business in Singapore.
Now it is tempting to get the lowest interest rates and people think this is the best time to buy a condo or apartment.
Real estate strategists also think about the coming years when more residential and commercial real estate will become available. Many new projects will be completed soon. This means new perspectives for buyers who are acquiring these properties at depressed prices.
This again makes the public believe in a situation where investors from other countries will also reduce their property buying activities in Singapore.