The past few years have seen a meteoric rise in Singapore Real Estate. Real Estate prices are on the rise. High Rise is on the rise too.
'Shanghai, Singapore and Tokyo are regarded as the top three most promising Asia-Pacific cities for real estate investment, a report said on Friday.'
Map of Singapore - Property values rising all the time!
In the last two years, Singapore has been growing in popularity with foreign buyers, thanks in large part to the capital gains available in its booming property market. "Singapore has become much more of a global city," said Ong Choon Fah, the executive director in Singapore and regional head of consulting and research for the global real estate consultant DTZ. "I think generally the place is no longer just seen as a place to work, but also as a place to have fun," Ong said, referring to the addition of Formula One racing and casinos.
Before the end of 2005, when Singapore's real estate market started to bounce back from the effects of SARS and some regional economic problems, foreign homebuyers were involved in fewer than 20 percent of all city purchases. But in the first half of this year, that share increased to 29 percent. (Most of the purchases are for condominiums because of continuing restrictions on the foreign ownership of land.)