Daily Briefing: Wealthy Malaysians favour Singapore property; The Singapore budget speech

And here are 5 property websites in Singapore.

Singapore was ranked the second top choice for wealthy Malaysians who can afford offshore real estate, according to PropertyGuru’s latest market sentiment study. Of 326 individuals surveyed online, 21 (seven percent) own a high-rise or landed home outside Malaysia. Of this, 20 percent have acquired a house in Singapore. Read more here.

The Singapore Budget will be announced on Thursday (March 24). It is the most important day in the Singaporean fiscal calendar, which begins on 1 April of every calendar year and ends on 31 March of the next calendar year. This year, Finance Minister Heng Swee Keat – Singapore’s eighth since independence in 1965 – will make the presentation, which will cover the revised government revenue and expenditure projections for the current financial year, as well as the planned revenue and expenditures for the coming financial year. Find out more here.

Should you or should you not leap into the Singapore housing market today? If you were holding off on investing in one of the most expensive housing markets in Asia, Singapore property prices have hit a new low. Prices declined 4 percent last year and could decline another 4.5 percent this year. Read more here.