By Gerald Tay (Guest Contributor)
Here’s the burning question this article will try and answer: Will a 6.9 million population by 2030 support property prices or increase it exponentially?
To answer it we will analyse the historical price indices of the Singapore private residential property market and compare that to population growth.
This article aims to help investors, buyers and sellers to:
...- Do their own analysis when buying or selling
- Understand in-depth the historical property market trends
- Manage risks rather than predict unknown future
- Make better property investment decisions
- Urban Redevelopment Authority (URA)
- Monetary Authority of Singapore (MAS)
- Singapore Statistics (Singstat)
- The tables below show real property returns after consumer inflation versus annual population growth rates over a 38-year period (1975 to 2013)
- Over a 38-year period, the population ...