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Foreign buyers returning to S'pore property

Asia One
Foreign buyers returning to S'pore property - foreign buyer - Singapore

SINGAPORE - Foreign interest in non-landed private residential properties is returning, following a slump in interest after the Additional Buyer's Stamp Duty (ABSD) was introduced in December last year.

Looking at the four largest groups of foreign purchasers by nationality, Malaysians made up the largest portion of foreign purchasers in Q2, at 6.3 per cent, followed by Indonesians at 4.7 per cent, Mainland Chinese at 4.4 per cent, and Indian nationals, at 3.0 per cent.

Indonesians accounted for the biggest jump in transactions, from 247 in Q1 to 391 in Q2, followed closely by Malaysians from 398 in Q1 to 521 transactions in Q2.


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