Property will always have a special place in the hearts of Asians including Singaporeans, whether for rational or psychological reasons

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1. Singapore property is likely to retain its lustre as a preferred choice for long-term wealth creation due to the city-state's regional hub status, solid growth prospects and Asians' deep-seated desire to own property.

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2. According to forecasts by DBS Research, should the population grow to 6.5 million in 2030, annual demand will range from 12,000 to 13,500 units - the majority coming from HDB upgraders.

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3. Mr Hou Wey Fook, chief investment officer of DBS Bank noted the role played by foreign buyers.  He believes there will always be investors scouting for property bargains in the region, given the ongoing search for yield.  "And on a relative basis, we believe that Singapore properties remain affordable compared to other countries."

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4. Mr Leung Yew Kwong, KPMG Singapore principal consultant for tax added that many foreigners see property here as a "natural currency hedge" as their home countries are often beset with depreciating currencies and volatile political situations."

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5. In Asia, many investors also view real estate as an "inflation-proof store of value" to be passed on to their children to give them a headstart in their future housing needs, he said.  And Singapore has no estate duty or inheritance tax to boot.

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6. Alice Tan, director of Residential Project Marketing, Knight Frank, said: "The country's enduring strengths of clear legal and institutional systems, progressive development plan, relative liquidity of the resale market, and clarity of real estate market data promote the appeal to own Singapore residential property."

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7. KPMG's Mr Leung explained that property remains an attractive investment class for two main reasons: historical long-term growth in value, and the "Asian culture" of providing a headstart for the future generation.

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8. KPMG's head of real estate Tay Hong Beng summaries it thus: "Many investment options exist, such as shares, bonds, unit trusts, and Reits.  But property - a tangible investment class - still has a special place in many investors' hearts."

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"It is unlikely that investors will swap properties for other investment assets permanently."

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