High prices force singapore buyers in johor and iskandar

High secondary prices in the Singapore's market are forcing local buyers to invest in properties in Johor and the Iskandar region, say agencies across the city.

Jeff Foo, former President of Institute of Estate Agents Singapore, told OPP that starter buyers are finding it is difficult to get on the property ladder because supply levels are too low.

"The government is working to provide more properties for young people, but we will only see the effect in several years' time," says Foo. In the meantime, buyers are turning to Johor, where prices are cheaper, and commuting to work every day.

Also, Chinese investors in Singapore now outnumber Malaysian buyers. Today, 26% of Singapore’s property buyers are Chinese, while 18% are Malaysian.

Source: OPP.org.uk