The sales figure gives the development the distinction of having the highest number of foreign buyers in Q3 2019.
Non-permanent residents (NPR) took up 18.2% of sales for residential condominium development Parc Clematis, while 20.9% of the buyers were non-Singaporeans, reported Singapore Business Review citing Knight Frank.
The sales figure gives the development the distinction of having the highest number of foreign buyers in Q3 2019.
Source: Knight Frank
“The project appealed to foreign buyers due to its proximity to the National University of Singapore, Jurong East and One-north,” said Knight Frank in a report.
Singaporean buyers, however, still made up most of the new home buyers in the top five projects by sales, covering 80% to 90% of the units bought.
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Knight Frank indicated that the projects were attractive to citizens because of the affordable quantum, the possible upside due to government development plans and the location.
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Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg
