Singapore Residential

Asian Cities

2H 2017

 

Luxury condominiums – what are the top overseas buyers up to of late?
Following the termination of the Financial Investor Scheme (FIS) in Singapore in April 2012, high end residential sales have been in decline. The FIS provided investors with an alternative route to gain Singapore Permanent Residency (PR) status and as such created demand for high-end real estate.

However, since 2016, there has been a gradual improvement in the number of overseas nationals buying into non-landed private residential properties in the Core Central Region (CCR). Although numbers have improved, there has been a downward shift in percentage terms regarding transactions for new and secondary sales.  Conversely, new and sub-sale market sectors have witnessed growth since 2012. Yet the data appears to suggest a lack of commitment by overseas nationals as peak percentages achieved in 2011 or 2015 could not be repeated.

 
 

Key contacts

Simon Smith

Simon Smith

Senior Director
Research & Consultancy

kamaco Two Exchange Square

+852 2842 4573

 

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