Singapore Real Estate Industry’s Meteoric Rise
The past years have shown a dramatic increase of activity in Singapore real estate. Tall buildings are increasing impressively. Consequently, real estate prices are also high.
Singapore, along with Shanghai and Tokyo are considered to be the top three most promising cities in the Asia Pacific when it comes to real estate investment. The last couple of years proved Singapore to be quite popular expatriates and other foreign nationals.
However, the SARS issue in the latter part of 2005 nearly doomed the real estate industry in Singapore, which provided only 20% of city purchases.
But despite the scare, the industry rebounded dramatically, largely in part of the Singapore government’s calculated response in addressing the SARS scare. By the first quarter of the following year, the sales percentage rose and reached up to 29%.
Filed under: General by Carlo