It seems to be a no-brainer to invest in properties in Singapore especially when there were always stories of how our forefathers have struck it rich due to the ballooning of property values over the past decades.
That said, we must acknowledge that the upsurge in the property prices was intertwined with Singapore’s phenomenal economic boom from a 3rd world country to a 1st world smart-nation over the decades.
Such a rate of growth is unlikely to be repeated ever again.
Take a look.
Sourced from CEICDATA.comWhile Singapore’s real GDP growth has always fluctuated between 5 to 10% in the past, 1 to 5% seems to be the norm in the past few years.
Further, the Singapore government have implemented a series of property cooling measures in a bid to cool the property market and keep price increases in line with economic fundamentals.
Given the slowing rate of growth
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