Foreigners buy 249 condominium units in Q2 2019

Victor Kang • 23 Sep 2019

An image of a condominium in Singapore

This is the first quarterly increase seen since the cooling measures back in July 2018. 

The share of foreigners who purchased non-landed residential properties in the second quarter of this year grew to 249 units or 5.9 percent of the total transactions, reported Singapore Business Review citing OrangeTee & Tie.

Image source: OrangeTee

Image source: OrangeTee

This was the first quarterly increase occurring since the cooling measures in July 2018.

The top foreign buyers last quarter were mainland Chinese, followed by buyers from USA, Indonesia, India and Malaysia.

Singaporeans secured the biggest share of property purchasers at 78.1 percent, according to URA Realis data.

Home buyers looking for Singapore Properties may like to visit our Listings, Project Reviews and Guides.

Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg

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