The PropertyGuru Singapore Consumer Sentiment Study (CSS) H2 2024 revealed that the overall Sentiment Index – which measures current real estate satisfaction and overall climate, housing affordability, interest rates, perceived government efforts, and property prices in Singapore – has remained stable at 43 points, a slight decrease from the last wave in the H1 2024 report at 44 points.
Strong property demand persists despite ongoing challenges faced by property seekers, such as high property prices, rising interest rates and increasing renovation costs. The Property Affordability Rating shows a downward trend, from 46 points in H1 2024 to 40 points in H2 2024.
