The property industry has been a hot topic for quite some time now. Prices from land, rental, aquisitions have been surging rocket high. And the contest; none. The question is, when will the property bubble burst?

I say never!

My reasons:

First, it's a world-known fact that Singapore is puny. There is not much land space left available and every square metre counts. The result: expensive land cost. This trend would probably not change for a very long time as even if Singapore has developed all the land available, competition to own the land would still exist.

Second, development costs would remain a challenge as getting landsand for construction is still quite an issue. Although Myanmar has agreed to provide landsand to Singapore, nothing has been certain yet.

Apart from Singapore, demand for property in other countries too is very strong.

Some suggestions:

Japan, as more people are moving into bigger cities. South Korea for the demand of lesser inventories and high-class offices. Mexico for their industrial investments and not forgetting Berlin as more people are reportedly moving there for the culture and low office prices.

In countries like these especially, there will always be demand for property and this seems to be the likely scenario for a very long time.

Maybe it will burst like everything else that goes up; it is bound to come down in a matter of time. From the looks of things though, not anytime soon.


Nurwidya Abdul