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by OrangeTee & Tie Pte Ltd.

Malaysians Dump Australia & Flock To Singapore

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Singapore, 24 Mar 2021

Real estate agents expect a surge in Singapore private residence transactions in 2020 as Malaysian cross-border buyers turn their back on Australia and flock to Singapore. This is a change from 2019, when Australia ranked first, and Singapore was only third.

Official data from Singapore’s Urban Redevelopment Authority (“URA”) and agents OrangeTee & Tie also reveals that Malaysians are the second most-active foreign buyers of non-landed private homes in Singapore. Non-landed private home purchases by Malaysians climbed quickly in the second half of 2020. Malaysians bought 175 non-landed private homes in Q3 2020. This number rose 11 per cent to 194 units in Q4.

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