
private home prices in Singapore is increased at the fastest June 30, according to the latest weekly report by online property research house Global Property Guide. Now, Home prices increased 34 per cent – requiring the highest since 1995. This put the state well ahead of Hong Kong, in the No. 2 spot, with a 21.42 per cent jump. These numbers have been change because prices of goods are increased while prices of money are decreased. Mr. Matthew Montagu-Pollock, publisher of Global Property Guide, said: 'It's because of Singapore's amazing economic growth... Housing markets affect to economic growth because people are rich. They respond rates and they respond to momentum.' Global Property Guide shows the ranking using information from 36 countries and areas where was controlled - mostly official information that can be based on only housing type or a combination of housing types. In Singapore, the town was solved by using land efficiently, which covers only private homes. Industry sources were doubtful about the ranking, given that it does not compare the same property types, for instance.
In my opinion, after I read this news, I won’t wonder why this Singapore is the fastest developed country. Moreover, I think this is just the beginning, so it will be increased more and more soon. When home prices rise, standards of living a go up and the number of foreigners who want to visit was also increased. There are two reasons why price raise continuously. The first reason, foreigners want to invest their business, and most of their goods were brand name, and there is also high technology. So they need residents. The second reason, Government makes high-quality rule such as do not leave rubbish on the publish area and do not sale or buy a gums (This rule was issued in this year). These rules make country become livable tourism attraction. I have been there one time, and on street there was clean same as inside our home.
credit: http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_571783.html