2 out of 3 Singaporeans want property cooling measures to ease: survey

Discover the measure that property seekers dislike most.

The government’s cooling measures have done their work to decrease property prices in the country. However, a recent survey revealed that 2 out of 3 Singaporeans feel that the time is ripe to ease some of these measures.

According to the PropertyGuru Consumer Sentiment Survey for 1H14, 4 out of 5 Singaporeans are dissatisfied with the current property market, while 2 out 3 feel that some property cooling measures should be relaxed.

Property buyers most dislike the the Total Debt Servicing Ratio (TDSR), with 56% of respondents demanding that this measure be relaxed. Meanwhile, 44% of property seekers want the Additional Buyer’s Stamp Duty (ABSD) for Singaporeans to be eased.

39% of respondents want the government to relax the Mortgage Servicing Ratio for HDB concessionary loans, while 33% want the ABSD for permanent residents to be eased.

Purchase intent also remains relatively low, with only 28% stating that they are interested to buy property in the next 6 months, while only 14% are interested in purchasing an HDB flat.

Also Read

Singapore ranks second in global economic freedom

Economists forecast modest NODX growth for Singapore in 2024

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit