02 Dec '16, 4am

More foreigners buying homes in Singapore first 9 months of 2016!

JLL recorded an increase in foreigners buying private homes in Singapore. Singapore’s private residential market attracted even more foreign buyers during the first nine months of this year (9M 2016), according to the latest report from property consultancy JLL. In 9M 2016, foreigners — excluding PRs (permanent residents) — accounted for 782 transactions, translating to an increase of 11.7 percent from the same period in 2015. Based on statistics from the Urban Redevelopment Authority (URA), the Chinese featured most prominently among foreign buyers, followed by Indonesians, Malaysians and Americans. “The wealth growth of the Chinese and their increasing familiarity with the Singapore residential market led to them being the top foreign buyers after 2010, overtaking the Indonesians,” said Ong Teck Hui, National Director for Research and Consultancy at JLL Singapore. Chines...

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

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