A slight improvement, but it’s still something
Image credit: Straits Times/Lim Yaohui
This year there has been a small increase in the reported satisfaction of Singapore’s domestic property investors, according to the latest Sentiment Survey from PropertyGuru, Asia’s leading property portal group.
Results of the most recent survey showed that 28 percent of respondents said that they were very or quite satisfied with the current situation of the local market, up from 26 percent during the same period two years ago. However, the number of respondents who were dissatisfied overall with the Singapore property market (44 percent) remained greater than those who were.
The intent to purchase local properties has also improved, with 48 percent revealing that they would like to acquire a residential asset within the next six months, an increase of 5 percent from 2014. These investors noted that there were good long-term prospects for capital appreciation.
“PropertyGuru’s latest Sentiment Survey results show that although pricing concerns remain, overall mood is more positive with almost half of respondents saying they intend to buy this year,” commented Steve Melhuish, CEO and co-founder of PropertyGuru Group.
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Respondents who were dissatisfied with the current market conditions indicated that Singapore has too much expensive prices or overpriced properties. A majority of respondents are optimistic, however, that local residential housing prices will stabilise or fall further over the next six months.
Almost half of respondents, or 42 percent, appreciated the government’s efforts to make housing more affordable, and the majority, or 68 percent, agreed with the government’s current property market cooling efforts.
“Through PropertyGuru’s regular surveys, research insights, tools and media rich content, we aim to help millions of consumers make more informed and confident decisions every month,” said Melhuish.
Source : property-report.com
Read more…Some SG property investors are happier now than they were in 2014
