21 May '13, 4am

Government not doing enough to curb soaring house prices according to a survey #Property #Singap…

May 21, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share By Romesh Navaratnarajah : The government’s recent cooling measures to moderate property prices are still not enough, according to 60 percent of the 662 online respondents in PropertyGuru ’s latest Property Sentiment Survey for the second quarter of 2012. This is 13 percent higher than the 47 percent recorded previously in Q1. There was some good news though. The Property Affordability Sentiment Index (ASI) was up at 87 from 80 in the previous quarter, reflecting a ‘cooling off’ from the sky-high prices seen since Q2 2012. This was supported by the larger number of Singaporeans who believe that property prices are unlikely to rise. Compared with last quarter, 10 percent more respondents do not expect prices to move up further. But only 19 percent plan to make property purchases in the next six mon...

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

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