{"id":36534,"date":"2016-11-30T12:29:46","date_gmt":"2016-11-30T05:29:46","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-foreigners-buying-homes-in-singapore\/"},"modified":"2016-11-30T12:49:05","modified_gmt":"2016-11-30T05:49:05","slug":"more-foreigners-buying-homes-in-singapore","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-foreigners-buying-homes-in-singapore\/","title":{"rendered":"More foreigners buying homes in Singapore"},"content":{"rendered":"


\nJLL recorded an increase in foreigners buying private homes in Singapore.
\nSingapore\u2019s 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.
\nIn 9M 2016, foreigners \u2014 excluding PRs (permanent residents) \u2014 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.
\n\u201cThe 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,\u201d said Ong Teck Hui, National Director for Research and Consultancy at JLL Singapore.
\nChinese buyers kept their lead with 230 deals. While this is a slight drop from 243 deals a year ago, it still comprised more than a quarter (29.4 percent) of all foreign transactions in the private residential market during 9M 2016.
\nIn the second spot were the Indonesians, who accounted for 114 transactions (14.6 percent), followed by the Malaysians\u2019 82 deals (10.5 percent) and the Americans\u2019 57 transactions (7.3 percent).
\nNotably, the Chinese were drawn to suburban houses thanks to their affordable prices, with such properties making up 58 percent of the units they bought in the period under review.
\nMalaysians and Indonesians preferred residential properties in the Core Central Region (CCR), where most houses are freehold. Respectively, 40 percent and 68 percent of their purchases were located in the prime districts.
\nIn terms of price, the Chinese and Malaysian buyers opted for houses costing from S$750 psf to S$1,700 psf, while affluent Indonesians gravitated towards properties valued at more than S$1,400 psf, with a large proportion above S$2,000 psf, noted JLL.
\nMoving forward, demand for private residential properties in Singapore among foreigners is expected to pick up in 2017, with CCR houses being the top choice of this group.
\n\u201cForeigners are still interested in investing in Singapore\u2019s private residential market due to its fundamentals and prospects of long-term capital gains. At the heart of demand is both local and regional wealth growth,\u201d Ong added.
\n\u00a0
\nCheryl Marie Tay, Senior Journalist at PropertyGuru, edited this story. To contact her about this or other stories, email cheryl@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…More foreigners buying homes in Singapore<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

JLL recorded an increase in foreigners buying private homes in Singapore. Singapore\u2019s private residential market...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-36534","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9vg","jetpack-related-posts":[{"id":27891,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-home-market-unaffected-by-indonesian-tax-amnesty\/","url_meta":{"origin":36534,"position":0},"title":"Singapore home market unaffected by Indonesian tax amnesty","date":"September 30, 2016","format":false,"excerpt":"\r Indonesian property holdings in Singapore have seen lower than expected\u00a0liquidation since the introduction of the TAS. The implementation of the Tax Amnesty Scheme (TAS) in Indonesia has not had any material impact on Singapore\u2019s residential segment, said Credit Suisse in a report. Credit Suisse noted that Indonesians have historically\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28767,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-home-market-unaffected-by-indonesian-tax-amnesty-2\/","url_meta":{"origin":36534,"position":1},"title":"Singapore home market unaffected by Indonesian tax amnesty","date":"October 6, 2016","format":false,"excerpt":"\r Lower than expected liquidation since the introduction of the tax amnesty program The implementation of the Tax Amnesty Scheme (TAS) in Indonesia has not had any material impact on Singapore\u2019s residential segment, said Credit Suisse in a report. Credit Suisse noted that Indonesians have historically been amongst the largest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116906,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-acquisitions-by-foreigners-drop-26-1-in-q1-2020\/","url_meta":{"origin":36534,"position":2},"title":"Private home acquisitions by foreigners drop 26.1% in Q1 2020","date":"June 5, 2020","format":false,"excerpt":"\r In terms of absolute transaction volume, buyers of all residential status have declined, but the biggest drop came from foreign home buyers (non-PRs) which fell by 26.1% to 215 units in Q1 2020. Singapore saw private homes sales drop by 14.4% quarter-on-quarter to 4,174 units in Q1 2020\u00a0\u2013 the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22584,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/4-reasons-why-indonesians-invest-in-singapore\/","url_meta":{"origin":36534,"position":3},"title":"4 reasons why Indonesians invest in Singapore","date":"August 11, 2016","format":false,"excerpt":"\r Many buyers of the Cairnhill Nine development in the Orchard area are Indonesians. (Photo: CapitaLand) Wealthy Indonesians have long had an interest in collecting residential properties in Singapore. In 2014, Indonesia accounted for 24 percent of Singapore\u2019s property purchases, and while foreign investments in general slowed last year, including\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101984,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/condo-purchases-by-foreigners-fell-sharply-in-q3\/","url_meta":{"origin":36534,"position":4},"title":"Condo purchases by foreigners fell sharply in Q3","date":"December 4, 2018","format":false,"excerpt":"\r Aerial view of luxury apartments in Singapore. Home purchases by foreigners here have fallen significantly after the government imposed a new round of property cooling measures on 6 July 2018, reported Singapore Business Review, citing a chart from Edmund Tie & Company (ET&Co). 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The most expensive luxury\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/36534"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=36534"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/36534\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=36534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=36534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=36534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}