In a new report shown that foreigner is jumping back to Singapore private residential homes. Transaction rose 11.7 % year on year with 782 transactions by foreigner buyers in the first nine months of 2016.
Topping the chart is buyers from China, overtaking the Indonesian. We also see the increase in the US buyers, partly because of the exemption of the Additional Buyer Stamp Duty (ABSD) given to them under a free trade agreement between the two countries.
The figure showed that Chinese buyer preferred home in the suburban areas owing to the affordable price tag. While prime district of district 09, 10 and 11 is favored by the Indonesian and the Malaysian.
JLL expects the recovery in foreign demand will continue into next year and homes in the core central region remained the preferred choice of foreigners.