Foreigners

Citizens from new markets among buyers of top condos here

The cooling measures introduced in July 2018 have dampened overall home-buying demand but in the top end of the condo market, foreigners may have shown more resilience. Drawing data from the Urban Redevelopment Authority's (URA) Realis, a report by ERA Research & Consultancy showed that the number of non-landed private residential units in the Core Central Region (CCR) bought by Singaporeans sank some...

Investments on S’pore properties among foreign investors surge in 2013

Total investments on Singapore properties among international investors surged to S$6.4 billion last year, says property consultancy Knight Frank. This was nearly double the S$3.4 billion in 2012. The residential segment accounted for the majority of the investments, but analysts say investors are shifting their focus to hotels and commercial properties. "The Panorama" in Ang Mo Kio by Hong Kong's...

Foreign buyers of private homes mostly mainland Chinese: Study

Mainland Chinese investors top the list of foreign buyers of private property in Singapore from January to October this year, research published yesterday (Nov 4) revealed. According to numbers compiled by OrangeTee Research, 34 per cent of foreign property-buyers (excluding permanent residents) in Singapore this year were from China. Buyers from China view Singapore as a favourable property...

ABSD exemptions for 252 property transactions by foreigners

Two hundred and fifty two residential property transactions by foreigners have been exempted from additional buyer's stamp duty (ABSD) since it was first introduced as a property cooling measure on 8 December 2011. These foreign buyers are from the US, Iceland, Liechtenstein, Norway and Switzerland which are countries having free trade agreements with Singapore. In a written response to a...

Foreigners adjust budgets to buy Singapore properties

Foreign buyers of Singapore properties have not totally fled the market, despite the higher taxes that they have to pay following tough cooling measures. More are finding it worthwhile to adjust their budgets, just to get their hands on their dream homes. A market flushed with cash and low borrowing rates has made investors all over the world to seek safe havens in Singapore properties in the last...

Foreign buyers account for 7% of Singapore’s property market in Q3

Foreign buyers of Singapore properties accounted for 7 percent of the market in the third quarter this year. The proportion had remained unchanged from the previous second quarter. However, for the first three quarters of the year, foreign purchases averaged about 6 percent. This is according to the latest report on demand for Singapore's residential properties in Q3 by property consultant DTZ. The...

48% drop in China property buyers

The number of private homes in Singapore purchased by mainland Chinese during the first three quarters of this year plummeted by 48 percent from the same period in 2011, reported The Business Times. According to Knight Frank’s analysis of caveats data from URA Realis, China nationals bought just 1,066 units in the first nine months, an almost 50 percent drop from the 2,046 units seen during the same...

Private houses bought by foreigners and companies fall sharply

The proportion of private residential properties bought by foreigners and companies has fallen sharply - from about 20 per cent in 2011 to 7 per cent in the first half of this year. Short-term property speculation has also fallen sharply, as indicated by the relatively low volume of sub-sales. And private home prices moderated significantly, rising marginally by 0.3 per cent in the first half of 2012...

More ABSD-exempt foreigners bought Singapore homes in H1

Residential property purchases made by foreigners from countries exempted from ABSD (additional buyer’s stamp duty) rose in 1H2012, according to data released by CBRE. These foreign buyers, including permanent residents (PRs), hail from the US, Iceland, Liechtenstein, Switzerland and Norway – countries that have free trade agreements with Singapore. CBRE noted that the group accounted for 3.1 percent...

Malaysians now the top overseas buyers of Singapore properties

Malaysians have outpaced the Chinese as the top overseas buyers of Singapore properties, according to data compiled by the Urban Redevelopment Authority (URA) and CBRE Research. In 1H2012, Malaysians accounted for 27.6 percent of all foreign purchases, while buyers from China comprised 20.3 percent. In comparison, the Chinese took pole position in 2H2011 at 29.6 percent with Malaysia trailing at 18.7...

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