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Old 21-05-2019, 09:34 AM   #1074
TeamUSA
Junior Member
 
Join Date: Mar 2019
Posts: 19
I won't be too concerned with what foreign buyers are or are not doing, given 2 reasons:

(i) Based on URA statistics, only 6% of buyers in Singapore' private property are non-Singaporean/PR . That means the Singapore private property market is virtually propped up by Singaporeans/PRs.

(ii) Also, from anecdotal evidence from my property agent friends, foreign buyers seem to target investments in high profile and traditionally expensive areas like Orchard, Bukit Timah, Marina Bay and are not looking to sell within 4-5 years but have a longer term horizon. I don't think these foreign buyer's considerations are the same as those looking for mass market properties in OCR/RCR areas, which is what this thread is concerned with.
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