Real Estate: Investment opportunity in 2012

As 2011 draws to an end, the world economy is in an even more uncertain situation compared to a year ago. The Euro economy bloc seems to be falling apart with major countries not agreeing to austerity measures to keep the euro currency strong. Many analysts predict the recession will happen in 2012. With the impending downturn in economies worldwide, many investors who have held on to their money during the booming time are now ready to enter the market and snap up bargains. An investment opportunity that will become apparent in 2012 is the real estate. It has always been regarded as the best asset enhancement class and with falling prices likely to happen, there is no better time to invest. And there is also no better place to invest than in the Singapore property market.

Merits of Singapore Property

Singapore has enjoyed the reputation of being the safest place to live in and has the lowest corruption rate in the world. Its open and stable economy has attracted major MNCs to set up their Asia Pacific HQ here. The only disadvantage it has is its small land area of only 225 square miles. This is also why land is so valuable here. The Singapore property market consists of government build housing and private housing including condominiums and landed property. Foreign investors are limited to buying private housing and condominiums are usually good entry points.

Where To Invest In Singapore Property

The Singapore real estate market has been booming for the past 2 years. Prices of property in the central areas have grown by as much as 30%. However, there are still pockets of areas where prices are still affordable for investors. Going further north, the Sengkang area in Singapore has been designated as the waterfront living estate. There has been a slate of property launches in this area towards the end of 2011. The first project to be launched in 2012 will be the Riversound Residence and it takes place on the first weekend of January. The prices here are 20-30% lower than those in the central areas with room for upside growth. Usually, the investors who buy Singapore condo come from Indonesia or Malaysia, but increasingly, there are more Chinese and Indian buyers. With such a variety of foreigners who choose to park their money here, it also serves as a reassurance to potential buyers like you.