21 Jun '13, 5am

Haze: Property viewings cancelled: The on-going haze situation in Singapore is having a detrim... property market

The on-going haze situation in Singapore is having a detrimental effect on the real estate industry, with many agents reporting cancelled viewings and a lack of new enquiries. Agents contacted by PropertyGuru on Thursday and Friday also reported a signficantly low turnout of visitors at showflats, as the Pollutant Standards Index (PSI) reached a record high of 401 at noon of Friday lunchtime – classifying air quality in the city-state into the “hazardous” range. Singapore has been blanketed by haze for most of the week as a result of forest fires in nearby Sumatra, Indonesia. Evan Chung, Assistant Vice President of Resale Division for DTZ, told PropertyGuru : "Undeniably the haze has impacted viewings and show flat visits, however there are still a handful of clients who've chosen to defy the record high PSI and proceed with viewings. "True enough, discussions through the ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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