Singapore Property Review

The property market in Singapore is “very exciting” for property investors, it has been claimed.

Rhiannon Williamson, director of Amberlamb.com, explained that while prices have been rising since the middle of 2006, they are yet to reach the heights they did prior to the Asian financial crisis.

“This suggests that there is maturity and common sense in the market, which gives both domestic and international buyers a great deal of confidence in Singapore,” she said.

Ms Williamson added that “intense” demand and “incredibly” low interest rates, as well as the fact that rental rates are expected to rise by up to 20 per cent in some areas, mean that the country is a “very healthy market” for overseas investors.

“Analysts from leading financial institutions are all in agreement that Singapore’s real estate market will remain highly buoyant and successful throughout 2008,” she concluded.

Figures released by Global Property Guide show property prices in Singapore increased by 24 per cent in real terms during the first nine months of last year.

This made it the world’s best performing housing market, the website added.

This article was brought to you by holidaylettings.co.uk, the UK’s No.1 holiday home website.

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