Home Ownership a Priority in Southeast Asia

• 13 November 2017
• Construction Focus
• 1585 Views

A Regional Consumer Sentiment Survey by online property group PropertyGuru has shown that owning a home remains a high priority for citizens of major Southeast Asian nations.

The September survey reflected the strong desire by consumers in Singapore, Malaysia, Indonesia and Thailand to purchase residential property with 50 percent of recipients intending to buy within the next six months.

Indonesian consumers were the most optimistic about the real estate market with 60 percent intending to purchase property in the second half of the year.

Potential buyers in Indonesia, Malaysia and Thailand all shared a preference for purchasing new properties while survey respondents in Singapore were more likely to consider buying a resale property.