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by OrangeTee & Tie Pte Ltd.

From condo flippers to homebuyers: Are buying patterns shifting for foreigners in Singapore's real e

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SG, 14 Nov 2020

Foreign buying has always been a major force driving real estate markets across the world, and Singapore is no exception. But increasingly, many in the property sector are observing that more foreign buyers now see their Singapore residential property as a home rather than just a quick flip.

"Of the 25 non-landed homes sold in Sentosa Cove so far this year, 12 were bought by foreigners," says Christine Sun, OrangeTee & Tie, head of research & consultancy. "Of the landed houses, foreign buyers outnumber locals three to one. Foreign buyers made up six of the nine transactions."

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