iProperty.com, Singapore’s leading property website, announces key findings of its Consumer Property Sentiments Survey 2011, highlighting key sentiments from respondents in Singapore to recent cooling measures to the property market.
Key findings from the survey reveal that:
1. 59.2% of survey respondents say that they are affected by the cooling measures, and are either modifying their property buying/selling/renting decisions accordingly, or are halting plans to buy/sell their properties at this current moment.
2. 58.4% of survey respondents either do not think or are undecided whether the measures will succeed in cooling Singapore’s red-hot property market.
3. 58.7% of survey respondents do not think that these measures are sufficient to stabilise public housing prices and stated their hopes for more to be done to improve the situation.
Over 470 respondents comprising mostly Singaporeans, PRs and expatriates took part in the online survey from 27 Dec 2010 to 25 February 2011. The majority of survey respondents fall between the age group of 25 to 54 years, with 71.5% earning an annual household income of S$140,000 and below. Most of them are currently living in HDB flats, private apartments and landed property, of which more than half currently have plans to purchase or rent their next property.
In addition, in light of recent debates on housing policies around the General Elections, a quick online poll was conducted over a one-week period from 28 April 2011 to gauge public response. Over 50% of the 104 respondents indicated their hopes for more affordable housing by way of lowered prices for new flats and re-evaluation of asset enhancement policies.
Speaking on the results of the survey, Shaun Di Gregorio, Chief Executive Officer, The iProperty.com Group, “Housing policies and other property-related issues are arguably one of the key buzz topics of the upcoming General Elections. From this survey, there are indications that Singapore home buyers are looking forward to additional measures to bring about significant changes in the policies governing the local property market, so as to further cement their decision-making process.”
The next iProperty.com Singapore Consumer Property Sentiments Survey 2011 will be announced in June 2011.
About iProperty.com.sg
iProperty.com.sg, Singapore's leading property website and part of Asia’s No. 1 online property group, hosts the most comprehensive database of over 50,000 properties for sale and rent in Singapore, over 5,000 property agents and over 678,000 property listings from Singapore, Malaysia, Hong Kong, Philippines, India and the region.
For the most authoritative and comprehensive listing of properties for sale or rent, go to www.iProperty.com.sg
For more property news, real estate reports and celebrity home features, head to www.iproperty.com.sg/resources
