28 Mar '16, 1pm

My comments on survey by iProperty about SG & Regional properties.

Finding 1: Buyers still ‘sitting on the fence’, in expectation of further price declines (Chart 32) As the survey showed, an overwhelming 95% of the respondents are expecting prices to decline further this year. These sentiments can be attributed to the government’s cooling measurements (refer diagrams below). The Total Debt Servicing Ratio (TDSR) affects the affordability of a borrower, ie less debt = more loan. Another cause is the Loan to Value Ratio, which limits the gearing of a borrower, eg 2nd loan at 50% only. Also contributing to anaemic demand are the impending rise in interest rates and the poor global economic outlook. Finding 2: Singapore real estate buyers are highly price sensitive (Chart 19) When searching for online information, a whopping 86.20% of the respondents want to see price comparisons, followed closely by details of the property and photos....

Full article: http://www.iproperty.com.sg/news/10792/Comments-on-APMSR-...

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