In Singapore, there was a boom this year and in the last quarter of last year. A poll in the 1st quarter of 2008 showed that Singapore was considered the best place in Asia to acquire property. But after that, had the leisure and tourism investments, and real estate market in Singapore in general took a turn for the worse. The sale has been slow recent months, however, the office units and hotels to share in record numbers last year. With several luxury projects are completed in the near future, there is hope for Singapore property market AOS.
Singapore has been recognized as a tree early this year, however, the decline in REIT at the end of the first quarter of the predictors of a market slowdown in general, and some were disappointed by the real estate market, the inertia of ODS. Companies with a high yield of high value assets or are very different from book value decreased feel vulnerable for some time.
The sluggish growth this year, unlike the excellent results of developers last year, where more than 14,000 homes were sold in the first half of 2007. Yet he was one of the key factors for the slowdown of government property, the AOS decision on how late postponement so that the property is less affordable for many buyers. In fact, in January, only 396 houses were sold by developers. There are several factors that also apply to the Singapore property market in the second half of 2008 Bode is booming.
One such factor is the low rate of unemployment in Singapore now. It will be necessary for foreign workers to fill skilled and unskilled, and the expatriate population will help fuel the property of their request.
Another very important factor in the return of Singapore to aos a favorable market, real estate, interest at the moment. They are a little less than 2%, which should help fuel demand for housing, especially in a global climate of rising borrowing costs.
Another factor is the optimism that some developers to conduct their business on the back of some results of very strong sales of certain developments. A condo development at the Singapore brand sold for $ 4,000 per square meter, or about $ 2,500 per square meter, such a development without appropriate to bring a brand to resist. A developer in Singapore, will be encouraged by these figures, two devices now offer at a price of about 30 million U.S. dollars.
Adjacent areas in Asian countries are doing well in business succession luxury too. Developers such as price and Design Build Brigade Hospitality Services in India are now diversifying into the thermal baths of large cities. They say that large-scale operations and demand in the leisure and hospitality investment. Since the house is so much room for expansion in the commercial sector and in cities, real estate is a hot topic in India, real estate scene as AOS.
Near the beach in Thailand properties are estimated at a rate of 20% per year, according to property sellers.
The tourism industry in Singapore is now well and wants the country to 17 million visitors in 2015. In 2007, a record 10 million visitors to Singapore from overseas (outside India), with a large number of Indians have also visited, as usual. These tourists will fuel demand for luxury accommodation in the short term, and luxury homes in Singapore must be sought by tenants in the long term.
