Tuesday, March 6, 2007
Singapore real estate market on fire
A very good friend of mine is relocating to Singapore and he is facing the reality of a landlord's dream market. Rents are rising dramatically and competition is fierce. Singapore is looking to remake itself in two major ways. First, as a financial and banking hub similar to Hong Kong. Second, as a gambling destination like Macau. Many places are gunning for those dollars in that region. Population is also expected to rise by a third in 10-15 years. What seems expensive today, will look cheap tomorrow.