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Top 5 : Nationalities Of Prime Property Buyers in Singapore

Posted by Jayson Ang on November 29, 2024

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Singapore, a thriving city-state known for its stable political climate, excellent infrastructure, and strong economic fundamentals, has long been an attractive destination for foreign property investors. The real estate market in Singapore has witnessed a steady influx of foreign buyers, who are drawn to the city’s diverse property offerings and promising investment opportunities.

We will explore the top five nationalities of prime property buyers in Singapore, shedding light on the key players in the city’s vibrant property market.

Top 5 Nationalities of Prime Property Buyers in Singapore:

1. Chinese: Leading the pack, Chinese nationals account for almost 30% of property transactions by foreigners in Singapore over the past 15 months. They have shown a preference for Districts 5 and 19, purchasing 131 homes in District 5 and 116 homes in District 19.

2. Malaysians: As the second-largest group of foreign buyers, Malaysians have demonstrated a preference for Districts 19, 14 (Eunos, Geylang, Paya Lebar), and 5 (Buona Vista, West Coast, Clementi New Town).

3. Indians: Ranking third among foreign property buyers in Singapore, Indian nationals tend to favor District 18 (Tampines and Pasir Ris).

4. Indonesians: Indonesian buyers, along with those from the US and the UK, continue to show a preference for prime Districts 9 and 10.

5. Americans and British: Rounding out the top five, buyers from the United States and the United Kingdom also gravitate towards prime Districts 9 and 10, seeking luxury properties in these prestigious neighborhoods.

The diverse mix of nationalities among prime property buyers in Singapore is a testament to the city-state’s global appeal as a premier real estate investment destination. Despite various cooling measures and restrictions on foreign property ownership, Singapore continues to attract high-net-worth individuals and investors from around the world, who recognize the long-term value and stability offered by the city’s property market. As Singapore maintains its position as a key financial center and a safe haven for property investments, it is likely that the city will continue to draw interest from foreign buyers, further enriching its dynamic real estate landscape.

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