17 Oct '16, 3pm

Buyers Expect Prices to Fall in the Next 12 Months, But Are Optimistic for the Long Term

By Mr. Propwise iProperty Group Ltd, a leading real estate portal network in Asia, has released its Asia Property Market Sentiment Report H2 2016 (APMSR H2 2016) . It’s 200+ pages full of data and charts of results from their survey covering the property markets of Malaysia, Indonesia, Singapore and Hong Kong. For this article I’ve extracted some of the key findings on the Singapore market I found interesting, but if you’re interested in all the details you should check out the report. Buyers find property prices unaffordable; waiting for prices to fall “Waiting for property prices to fall” was the top reason and quoted by 46% of buyers as the key reason holding them back from purchasing a property. The other highly cited reasons were a lack of funds and the inability to get financing. Property still attractive in the long term, but most looking to wait a couple of years b...

Full article: https://www.propwise.sg/buyers-expect-prices-to-fall-in-t...

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