21 Jan '15, 9am

3 in 5 Singaporeans feel property still overpriced - The majority of home buyers in Singapore feel prices are too

Comment E-mail to friend Bookmark & Share The majority of home buyers in Singapore feel prices are too expensive, but remain seriously interested in buying condominium units this year, according to findings published by PropertyGuru on Wednesday. Based on its latest consumer sentiment survey, three out of five Singaporeans think local properties are overpriced. Despite this, more than 70 percent of those polled still want to purchase a condo, with 43 percent expressing their desire to own a unit in the next six months, with the key decision factors being affordability and amenities. The release of these key findings coincided with the launch of PropertyGuru’s property outlook report for 2015 at an industry forum. The portal expects the housing market to cool further this year with the possibility of a slight upswing in the fourth quarter. With the cooling measures, particu...

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

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