Will Rising Interest Rates Cause Singapore’s Private Property Market to fall?
Singapore’s mid to high end properties are under scrutiny during this 3rd quarter of 2011 as housing prices rise whilst an oversupply of units are scheduled for completion by 2013. Recent report states around 60% of potential buyers are withholding their funds in anticipation that prices may drop in the near future.
With a surge in house prices not only in Singapore but also in China and Hong Kong too in 2011 mainly due to low interest rates and strong economic growth, it is now feared that they may fall in Singapore by up to 6 percent when interest rates start rising. Although experts are confident there won’t be a collapse in the Singapore property market mainly due to the Singapore governments watchful eye over the housing market. Instead there will be some fluctuations and necessary adjustments to be made.
Singapore’s ‘topsy turvy’ residential property rates are, for some, too irrational for serious investors and coupled with the predictions that 2011 will remain a fairly volatile year for the Singapore property market, it is no surprise that buyers will be looking elsewhere to invest their money.
For these types of investors, Castlewood Group, commercial property developer based in Singapore, is launching their new project, 8over8 luxury hotel.
“Castlewood provides the ultimate lifestyle investment. The 8over8 hotel which is located in Phuket will give investors guaranteed returns of a minimum of 5% with annual returns as high as 30%”, commented Jarrat Beaumont, Sales Manager of Castlewood Group.
Property investors who are looking for other options to investing in the Singapore property market can look into this unique opportunity to invest with Castlewood Group. The Hotel is situated in the enviable location of beautiful Bang Tao beach, close to Laguna, Phuket.
Castlewood Group are a Singapore based commercial real estate company. They offer commercial buy to let real estate from $49,500 with guaranteed annual returns of between 5 and 30%. Castlewood Group also owns, manages and sells the 8over8 Hotel brand globally, their first luxury 8over8 Hotel in Phuket, Thailand is due for comlpetion at the end of 2012.
Castlewood Group Pte Ltd
391A Orchard Rd,
#12-01,Ngee Ann City Tower A
Tel: +65 6303 0888
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