Buying and Selling Property in Current Singapore Real-estate Climate

Psalmjacobs201803 Oct, 2018Business

The Singapore real-estate scene is alive and well. After showing signs of decline in the last four years, Singapore’s private residential property market has somehow recovered and is now showing vibrant signs of life. And no one is as relieved as Singaporean themselves who have more actively engaged in this new healthy environment. A living proof of this revitalized activity is the resurgence in the number of residential property for sale in Singapore. “But is it really that safe now?” First it must be clarified that the decline in recent years was never really that alarming to begin with. Many real-estate experts explained that the rate of decline, pegged somewhere between 10-12% between 2001 and 2010, was relatively too small to indicate or suggest any major collapse. These real-estate experts also point out that the various cooling measures implemented bu the Singaporean government to stop private property prices from climbing upwards are still firmly in place. And since by all