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Singapore property buyers increasingly taking 'wait-and-see' approach: Poll

Singapore property buyers increasingly taking 'wait-and-see' approach: Poll.

SINGAPORE - Singaporeans are increasingly adopting a "wait-and-see" approach when it comes to buying properties, according to findings from a PropertyGuru survey released on Wednesday (Oct 16).

This cautious mentality was seen in its property purchase intent index - which measures the likelihood of respondents buying a Singapore property in the next six months. The index fell to an all time low in the first half of 2019 to 38, from 41 in the second half of 2018.

The real estate portal surveyed 794 people in Singapore for its half-yearly consumer sentiment survey.

Slightly more than half or 51 per cent of respondents felt the Singapore economy was not performing well, up from 37 per cent in its H2 2018 poll. The latest survey's overall sentiment index also fell five points to 40 in the first half of the year - indicating concerns over affordability, overall real estate climate, and more.

When it comes to property prices, eight in 10 of those polled say private homes in Singapore are still too expensive, despite the July 2018 cooling measures.

To read more : https://www.straitstimes.com/business/property/singapore-property-buyers-increasingly-taking-wait-and-see-approach-poll

Adapted from The Straits Times 16 October 2019