Foreigners seek more landed homes

Foreigners have purchased more landed homes in District 15, which includes Telok Kurau, Katong, Siglap and East Coast Road – and District 4, which includes Sentosa Cove. The next most popular districts among foreigners purchasing landed properties are Districts 19, 10 and 16, while Singaporeans have zoomed in on Districts 19, 15, 16, 28 and 10.

Malaysians were the biggest group of foreign buyers of landed properties, with 38 purchases. They purchased eight homes in District 16 – including Bedok, Upper East Coast and part of Upper Changi Road East – followed by District 19 – which includes Hougang, Upper Serangoon, Upper Paya Lebar, Lorong Chuan, and Serangoon Gardens.

The second biggest foreign buyers of landed homes were Britons, who made 21 purchases. Their most sought-after location was District 10, which includes Tanglin, Holland roads and part of Bukit Timah.

The third biggest foreign buyers of landed homes were Chinese nationals, with 17 purchases, 11 of which were in Sentosa Cove. Meanwhile, Australians purchased ten houses, mainly in Districts 19, 15 and 10.

Reflecting their different location preferences, the prices of landed properties purchased by foreigners also varied. The Chinese, who purchased homes mainly in Sentosa Cove, where the most expensive bungalows in Singapore can be found, paid over $5 million for the bulk of their landed purchases in H1 2010.

While there were deals that reached $1 million to $1.5 million, most purchases made by Singaporeans, Indonesians, Indians, Malaysians, Australians and Britons ranged between $1.5 million and $5 million.

There were also 58 Singaporeans who purchased landed homes costing less than $1 million in H1 2010, said CBRE.