More people are of the opinion that since Singaporean economy is not doing well, the government should help them deal with property prices, which are deemed to be too high. When asked about the property prices, eight of every ten respondents were of the opinion that private homes in the republic are still too expensive despite attempts to lower the prices since last July. It pointed out that last year prime residential prices rose 9.1 per cent to S$3,480 (RM10,680) per square foot, evidence of a strong performance indicative of solid economic fundamentals. Another report said there is increased interest from Chinese buyers and a few from Hong Kong on the luxury end of Singapore's residential market. Overall, 97 units were bought by Chinese buyers while Hong Kongers bought eight units.

Source: New Strait Times October 21, 2019 05:03 UTC