Singaporeans love shopping for property. Certainly, Singapore property costs have gone up quite a bit previously two years. Singapore Residential Property Value Index elevated by 10.6% in 2021 and one other 8.4% in 2022.
The value raised so quick that it positively caught the attention of the Singapore authorities. One other spherical of property curbs was swiftly introduced in Sep 2021. On the identical time, property tax shall be raised for 2023 and 2024, which provides a further burden for property traders.
What’s in all people’s thoughts now’s that:
- Will Singapore property costs proceed going up in 2023?
- What’s the implication of the property marketplace for individuals who purchased it for retirement?
On this article, I’ll dive deeper into this subject.
Why did property costs go up so quick?
To start with, we have to perceive why property costs go up so quick.
Since Covid broke out virtually 3 years in the past, there are two predominant drivers for the property market….
