Singapore was recently ranked as the world’s second most expensive private housing market behind Hong Kong, according to a CBRE study which compared property prices across 35 key global cities.
The report noted that average home prices in Singapore cost US$874,372 (S$1.19 million) or US$1,063 psf (S$1,447 psf).
Not surprisingly, 88 percent of Singaporeans believe that property prices are high based on findings from PropertyGuru’s latest Consumer Sentiment Survey.
Recognizing that housing affordability continues to be a serious issue for many home buyers in Singapore, PropertyGuru has just launched GuruDeals.
From now till 15 July, PropertyGuru is partnering with several reputable developers to offer exclusive deals totaling more than S$2.5 million for a selection of different types of properties, including private condominiums, landed properties, waterfront homes and downtown apartments.