We know that Singapore has a finite supply of land and this makes owning a piece of property expensive as the population grows larger. Investing in landed property in Singapore can offer numerous advantages for savvy investors. One of the main benefits is the potential high returns on investment. Landed properties tend to appreciate in value over time, especially in prime locations with limited land supply. This means that you have a good chance of seeing significant capital gains when you decide to sell your landed property.
Residential Property Market:
- Singapore’s residential property market has been influenced by factors such as government policies, economic conditions, and global market trends.
- The government is able to boost residential supply through government land sales and BTO launches to curb property speculation and maintain a stable market.
Government Regulations:
- The government has introduced cooling measures in the past to ensure the stability of the property market and prevent excessive price increases.
- Policies such as Additional Buyer’s Stamp Duty (ABSD) and Total Debt Servicing Ratio (TDSR) have been implemented to manage demand and borrowing.
Housing Prices:
- Housing prices in Singapore can be influenced by factors such as economic performance, employment rates, and interest rates.
- Developers and sellers may adjust their pricing strategies based on market conditions.
We would frame the last 3 years as the sellers’ market due to the strong demand from buyers vs the smaller supply of available residential units for sale. Some sellers who may had difficulty selling their units in the past due to less desirable attributes would have found that their units were much easier to sell during the last 3 years period.
Some sellers may decide to sell their property on their own using online resources that guide consumers on selling your property.
