Savills Residential Spotlight: Profiles of foreign buyers in Singapore
Summary
This latest report examines the profile of foreign buyers in Singapore, specifically their purchasing power, buying preferences and possible impact of the additional buyer's stamp duty (ABSD) on different nationalities.
Key points:
- Private home sales to foreigners reached an historical high as mainland Chinese, Indonesians, Malaysians and Indians remained top buyers in 2011.
- Indonesian buyers generally had larger budgets than other foreign buyers.
- Although mainland Chinese nationals were the top foreign buyers in 2011, Indonesians still dominate the Core Central Region (CCR).
- As the percentage of Malaysian buyers rose, their budgets also increased over the years.
- The profile of Indian buyers mirrored that of Malaysians.
- The new property measure in the form of the ABSD is expected to have a varying impact on different groups of foreign buyers.
To download the full report, please click here.
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Key points:
- Private home sales to foreigners reached an historical high as mainland Chinese, Indonesians, Malaysians and Indians remained top buyers in 2011.
- Indonesian buyers generally had larger budgets than other foreign buyers.
- Although mainland Chinese nationals were the top foreign buyers in 2011, Indonesians still dominate the Core Central Region (CCR).
- As the percentage of Malaysian buyers rose, their budgets also increased over the years.
- The profile of Indian buyers mirrored that of Malaysians.
- The new property measure in the form of the ABSD is expected to have a varying impact on different groups of foreign buyers.
To download the full report, please click here.