25 May '15, 11am

Looking ahead, Savills’ Tan expects the promising recovery of foreign buying in the luxury residential market to...

Comment E-mail to friend Bookmark & Share Private residential properties priced above $5 million accounted for 19 percent of private homes acquired by foreigners in April, an increase from Q1 2015’s six percent, according to DTZ’s analysis of URA Realis caveat data and reported in the media. Although the absolute volume of transactions is low, the figure is expected to rise as more caveats are lodged. In April, seven of the 36 caveats lodged by foreign buyers of private homes were above $5 million. In comparison, nine of the 145 caveats lodged by foreign buyers in Q1 2015 were for homes priced above $5 million. The share steadily increased from a low of three percent in Q2 2014. Lee Nai Jia, associate director of research at DTZ said: “The findings support what has been observed on the ground, where there is an increase in foreign investors displaying interest in luxury ap...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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Comment E-mail to friend Bookmark & Share Private residential properties priced above $5 million accounted for 19 percent ...

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