29 Jul '14, 4pm

#Singapore #property - "Lower ratio of foreign homebuyers

#Singapore #property - "Lower ratio of foreign homebuyers

Alice Tan, Director and Head of Research at Knight Frank Singapore, said, “This spike in the proportion of foreign homebuyers could be partly attributed to the relocation of the Overseas Family School to a site along Pasir Ris Drive 3. Slated to be completed in April 2015, the relocation of this renowned international school has indirectly helped to boost sales of new project units recently launched in the vicinity.” Meanwhile, foreign homebuyer purchases in prime residential properties in Districts 9, 10 and 11 made up about 15 percent of the 834 foreign homebuyer transactions in Q2 2014 -- slightly lower than 16.9 percent recorded in Q2 2013. Within Districts 9, 10 and 11, foreign homebuyer transactions also comprised a significant proportion of total transactions. They formed 40.6 percent, 32.8 percent, and 24.7 percent of total transactions in Districts 9, 10, and 11 r...

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

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