5 Tips for Singapore Property Investors in 2021

In 2020, the housing market started with a slight dip in Q1, but rose by 2.2% during 2020 following. Earlier in the year, the country experienced a decline in prices in the central urban locations; however, there was an uptick in the outer areas where the real estate prices increased by 5.1% between February and July. During Q4 of 2020, residential property prices rose 2.1%. Again, although property prices rose in Q4 2020, central prices have decreased by 11.8% from Q3 to Q4 2020.

Are Foreigners Driving Up Property Prices?

With the growth of PRs and non-residents far exceeding that of citizens over the last five years, there has been a growing sentiment among Singaporeans that foreigners are crowding out the market and pushing up property prices. From 2004 to 2009, the number of PRs and...