Real estate in Singapore may be notorious for its ever-increasing prices. But, the current negative economic environment has resulted in the dropping of prices due to low demand. Despite the significant low demand in comparison to previous years, in a rather surprising situation, the island nation continues to be the hot spot for long-term developers and infrastructure investors. In fact, it has bagged the first position for the third year in a row, as per the third Global Infrastructure Investment Index by Arcadis, a global consultancy for natural and built assets. It has been ranked the most attractive market for infrastructure investors, third year straight. The other countries topping the index include Qatar, the United Arab Emirates, Malaysia, and Canada. However, in the Asia-Pacific rankings, Malaysia bagged the second spot while the other countries in the list were Australia, Japan, and China. Malaysia’s growth can be attributed to its strong economic performance fostered by an array of economic factors, and the country’s continued and substantial long-term investment in infrastructural development and construction.
On the contrary, Singapore received a rather lower and disappointing score for economic factors. Also, one of the world’s fastest growing economies, China, bagged the first spot on the economic indicator list. Interestingly, Singapore is being increasingly preferred as an investment hub, mainly by long-term investors. However, in the short-run, a lot of factors like the depreciation of the ringgit and the growing levels of corruption in the country have forced the investors to give a second thought to their decision of investing in the Singaporean real estate. But it wouldn’t be wrong to vouch for the way Singapore has worked on its infrastructure and has developed a lot of benchmarking techniques and tools. Instead of opting for government funding, the government is pushing the private sector to fund most of the projects, so that the level of infrastructure can be greatly improved. It is also important to note that in the index, the city-state scored really well in the risk, business, infrastructure, and financial indicators categories.
Infrastructural development is at the core of the government’s strategy to drive economic growth in the country and make it suitable even for short-term investments. The government plans on investing heavily into the infrastructural segment in the next half a decade or so, with a decided investment of almost USD 30 billion. The projects that will be most funded include transport and healthcare divisions, especially local transport, hospitals, and other medical institutions with special attention being given to revamping and expansion of the Changi Airport with the construction of the fifth terminal. There are also other projects that require huge funds to be invested in them. But, Graham Kean, Head of Client Development at Arcadis Asia, says that these projects aren’t really feasible and can’t really be banked upon. He feels investing in them won’t really be a good idea.
Seems like the city’s current investment of almost 5% of its GDP (that comes out to be almost US$20 billion as calculated in 2015) in infrastructure has actually paid off!
2017 and 2018 Executive Condominiums will be limited in the market. Currently, Parc Life EC still offers the best offer in term of pricing, location and interior layout. Showflat is closed, buyers who are keen can book an appointment with us to visit the actual site. Kindly visit our contact us page or call us 1 day in advance for booking.