Singapore Property Is Unaffordable, Six Out of 10 People Say

Bloomberg2022-09-14

City-state’s real estate market defies gravity, fueling angstRising rates are having a limited impact on market: analystSingapore is defying a global property downturn, fueling concerns about ...

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Comments

LuckyPiggie
2022-09-14
LuckyPiggie
To the moon .... buy buy buy [Cool] [Grin] [What] [Gosh]
BangkokBali
2022-09-14
BangkokBali
Bunit Timah will become affordable when sea level rise...
Simonnov
2022-09-14
Simonnov
Ic
Annalz
2022-09-14
Annalz
Singapore do not care about those people who are not affordable but rich group
blessed_1
2022-09-14
blessed_1
How to change house? [Cry]
iriscoffee
2022-09-14
iriscoffee
Save enough money and wait for property to crash

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Buyers are brushing aside concerns about rising interest rates that have dented property markets from Australia to New Zealand.“Interest rate hikes do not seem to have a significant impact on new home sales” in Singapore, said Christine Sun, senior vice-president of research & analytics at OrangeTee & Tie Pte, a local real estate agency. Property prices, she added, are “more supply-driven rather than sentiment-driven.”Authorities are taking notice. The government introduced curbs last year to cool home prices that surged the most in a decade. Officials also announced tax hikes on high-end properties during the annual budget this year, and plan to increase the supply of private homes.Despite a brief slowdown, residential prices have rebounded and grew at a faster pace than expected in thesecond quarter, climbing 3.5%.Wealthy locals and high-earners moving to the city-state are pushing up prices, said Alan Cheong, executive director of research at Savills Plc. 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[Cry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9935485220","repostId":1146787933,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9935485101,"gmtCreate":1663122148803,"gmtModify":1676537208717,"author":{"id":"4123285903151092","authorId":"4123285903151092","name":"iriscoffee","avatar":"https://community-static.tradeup.com/news/5c13a97f445c57d40cff45997e2d21a2","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"4123285903151092","authorIdStr":"4123285903151092"},"htmlText":"Save enough money and wait for property to crash&nbsp;","listText":"Save enough money and wait for property to crash&nbsp;","text":"Save enough money and wait for property to crash","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9935485101","repostId":1146787933,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":187,"commentSize":26,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1146787933"}