The stock market falls faster and more often than it rises. There is economic uncertainty, but foreigners are still buying a property in Singapore.
Around 100,000 public and private homes are expected to be completed in 2014 and 2015. With so many new homes on the market, prices are not expected to fall. By reading this article you can get the best information about Pullman residences in Singapore and Pullman residences show flat.
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Past trends show that prices are driven more by sentiment than by inventory levels. When new immigrants come to Singapore, demand from immigrants will prevent prices from falling
Foreigners represent 60% of buyers for the high-end real estate market. Foreigners, including permanent residents, purchased 162 units on the land for $ 5 million or more during the first half of this year.
Foreigners hit record highs in buying unreasonable real estate. In the first eight months of this year, the number was 33%, a significant increase of 28% compared to the previous year.
At the top of the list are Chinese and Indonesians who make up nearly half of the high-end purchases. Malaysians, British, and Indians followed suit.
Foreign property interests in Singapore remain strong because:
Singapore remains a popular place for business, education, investment, and safe living.
The Singapore dollar is strong and stable. Foreigners who wish to diversify their funds want to park their money in Singapore.
Singapore is the only country in Asia to receive a rating three times that of The Standard & Poor's Rating Services. It is considered a haven. Singapore's prudent macroeconomic policies will protect foreign interests.