28 Jul '11, 9am

Most S’poreans still feel properties are expensive #Singapore

Most S’poreans still feel properties are expensive #Singapore

Property seekers are increasingly concerned about 'affordability', and want the government to take further action, … By Romesh Navaratnarajah Home buyers and property investors are less optimistic about Singapore's property affordability in the second quarter as compared with the previous quarter, according to a survey conducted by PropertyGuru, the country's leading property site. 79 percent of the total respondents observed that Singapore property in all categories are expensive, up from 75 percent in last quarter's survey. "Our latest quarterly survey gives an interesting insight into current sentiment towards the property market. Whilst consumers remain bullish about rising market prices, they are increasingly concerned about 'affordability', adopting a 'wait and see' approach and want the government to take further action," said PropertyGuru CEO Steve Melhuish on Thur...

Full article: http://sg.news.yahoo.com/blogs/property-blog/most-poreans...

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