SINGAPOREANS on average spend three times longer on property searches, than on reading bedtime stories to their children, or speaking to their parents, data from a latest HSBC report shows.
By contrast, respondents said they spend just over an hour reading bedtime stories to their children, and less than an hour speaking to their parents per week. This impulsive tendency is even more pronounced among"extreme Singaporean property addicts", defined by HSBC as those who spend over seven hours a week reading about, or researching property.
Ranojoy Dutta, head of retail products at HSBC Singapore said:"Buying a property is often the biggest and most significant purchase we make, but some homebuyers may be taking their passion for the perfect home too far. An industry of property magazines, TV programmes and websites is making it harder than ever before to have realistic expectations about what you can afford.
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