Property Affordability Rating dips as prices rise: study

Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No Most Millennials prefer buying property than renting. The number of Singaporeans who can afford to buy property decreased in H1 2021 as property prices continue to rise, according to a study by PropertyGuru. The study said the Property Affordability Rating dropped by 5 points from 69 in H2 2020 to 64 in H1 2021. Amongst those surveyed, 84% find property prices high whilst four out of 10 Singaporeans don’t feel confident to purchase a property in the current climate. read more