About 85% of all real estate in Singapore is off-limits to foreigners. However, there’s 15% of it that’s up for grabs, and they’re all private properties. These pieces of real estate refer to landed properties like houses, condominiums, and apartments. So you want to know where you could buy a new condo within Singapore. Thankfully, the getnewcondo MLS or Multiple Listing Service website is there to make your search as easy as possible. There’s a gold rush in Singaporean real estate right now because of Singapore’s growing population that’s expected to go “boom” on 2030. The supply that’s up for grabs should fetch high prices once the demands for them grow with the upcoming new families growing in the Singaporean landscape. The greater the demand, the better the prices of the supply.
Development Plans and Potential Growth
- Remember, the population is set to rise to 6.9 million from 5.1 million. In light of the population growth of more than a million Singaporeans, property demand will become high and the limited supply will naturally have to grow in price to compensate. You need an MLS to help you identify the property you should be buying and saving. That’s how you can getnewcondo! That’s how you can turn a profit.
- You can buy the condo in Singapore and in-person or through a liaison by investing on properties through the Internet. There are loads of properties to buy within places like Serangoon New Town,Kranji,PayaLebar,Changi Village,Woodlands,Serangooh,Tampines,Ang Mo Kio,Novena,Choa Chu Kang,Clementi,Bukit Batok, and Jurong East.You can also do your research and due diligence by using an MLS to compare overall prices and the price per square feet among the different prospective properties you wish to buy.
- In the short term, economic factors will affect the price. However, the long-term or long game of buying up property in Singapore is worth the initial expensive hiccups. It’s like saving in the bank and having the interest pile up on your money. The laws of supply and demand practically assure that any property bought today will rise up significantly in price tomorrow in 2030 exactly because of the projected population growth.