Find Property and Real Estate expertise in Singapore
Property prices in Singapore have been a story of boom and bust, with huge price surges followed by troughs. The financial crisis of 2008, for example, was followed by a boom. This surge in housing demand prompted renewed fears of a property bubble and led the government to implement anti-speculative measures to prevent a housing bubble from forming, which in turn restrained prices. Such government intervention is not rare however, due to Singapore’s finite land resources. Singapore is considered to be pro-landlord, as there is no law governing such relations because of the primacy of the contract. Foreigners can buy apartments in buildings of six storeys or more but cannot purchase any other form of property without prior approval of the Singapore Land Authority or relevant government body. There are some 1,300 real estate firms and 30,000 real estate agents in the country. Unlike most Commonwealth countries, the government regulates the real estate agent profession and firms, which it does through the Council of Estate Agencies (CEA). Anyone intending to transact in the sector with the help of a Singaporean-based agent or firm can check on the CEA website to see if they are registered.
|Property and Real Estate organisations in Singapore|
|Real Estate Developers' Association of Singapore (REDAS)||