By Mr. Propwise
Savills recently published an interesting report titled Profiles of foreign buyers in Singapore. Thanks to Singapore’s growing attraction as a safe haven for investors, foreigners purchased 31% of all private home purchases in 2011, an all-time high and twice the number versus 10 years ago.
Profiles of the Four Main Groups of Foreign Buyers
The top four main groups of foreign buyers are the Mainland Chinese (28% of all purchases by foreigners), Malaysians (20%), Indonesians (18%) and Indians (12%). Together these four groups made up 78% of all foreign buying.
1. Mainland Chinese
Bought over 2,550 private homes in 2011, triple that in 2007, mostly in the Outside Central Region. Mainly buying smaller homes as 44% of purchases in 2011 were below $1 million. But demand is also growing in the high end segment (more than $2 million) as well. Districts 14, 15 and 16 were the ......
By Mr. Propwise
Savills recently published an interesting report titled Profiles of foreign buyers in Singapore. Thanks to Singapore’s growing attraction as a safe haven for investors, foreigners purchased 31% of all private home purchases in 2011, an all-time high and twice the number versus 10 years ago.
Profiles of the Four Main Groups of Foreign Buyers
The top four main groups of foreign buyers are the Mainland Chinese (28% of all purchases by foreigners), Malaysians (20%), Indonesians (18%) and Indians (12%). Together these four groups made up 78% of all foreign buying.
1. Mainland Chinese
Bought over 2,550 private homes in 2011, triple that in 2007, mostly in the Outside Central Region. Mainly buying smaller homes as 44% of purchases in 2011 were below $1 million. But demand is also growing in the high end segment (more than $2 million) as well. Districts 14, 15 and 16 were the ......
