Foreigners have been buying Singapore property in a big way in the recent few years. This has come about because of Singapore’s status as an open, free and well-governed country.
Furthermore, cooling measures in Hong Kong and Australia have driven some cross-border investors into Singapore in search for good purchases.
This post will be a little more ‘meaty’ and heavy with multiple charts, but I will strip it down and make it as simple and relevant as possible.
As much as I can, I will put in “this suggests…”, “this implies…” to make it relevant and down-to-earth for readers who may be potential sellers, buyers, investors and participants in the property market.
Developer sales refer to units that are launched by developers. These are first hand, new, unbuilt units.
In the bar, the orange column is higher than most of the other bars, indicating that sales in 2017 are higher ......