Panic selling alert: Number of Singaporeans keen to dispose of their houses surged 15% in H2

But cash-strapped buyers are biding their time.

More jittery homeowners are looking to sell their homes in the second half of 2014, but more buyers are holding back thanks to affordability and financing concerns.

According to the iProperty Asia Property Market Sentiment Report H2 2014, the number of Singaproeans who want to sell their homes jumped to 16% in H2, compared to just 1% in the same period last year.

Meanwhile, the number of residents looking to buy property fell to 10%, from 22% in the second half of 2013.

The number of respondents who expect new and resale private condominium prices to decline jumped from 34% to 53%.

“The H2 2014 report shows that both property sellers and buyers are nervous a year after the start of the Total Debt Servicing Ratio (TDSR). In the H2 2013 APMSR report, just after the TDSR was announced, 59 per cent of owners were confident their property would retain its value; now only 38 per cent think so, a decline of 21 per cent. Another 25 per cent are unsure if the value will be retained,” said Sean Tan, iProperty.com Singapore General Manager.