46% of Singaporeans won't invest in residential property anytime soon

And if they did, they'd want a discount.

According to Credit Suisse's recent housing survey among Singaporeans, investment appetite has been impacted after four further rounds of tightening and now 46% respondents indicate they will not be buying residential property anytime soon.

82% indicated that if they were to buy property in the current market, they would expect a discount on the list price; 45% expect >10% discount.

Buyer appetite is still skewed for properties less than S$1 mn, with 85% saying they are not willing to spend more than S$1 mn on their purchase, with preference for proximity to MRT. Buyers are also more likely to compromise on size than on location as per square foot property prices become more expensive. Only 44% would consider buying overseas.