Did you know Malaysians are among the second biggest property investors in Singapore? In 2022, foreigners made up 4.7% of non-landed private residential property buyers in Singapore, and Malaysians emerged as the second largest (Top 2) property buyers by nationality.
The robust and consistent property market in Singapore makes it a preferred destination for regional investors or even those who seek the island state to be their second home. According to realtor Steven Tan from OrangeTee & Tie, an estimated of over 11,000 new homes from 48 projects, excluding Executive Condominiums (EC), will be launched in 2023. Of the 11,391 units, around 45.3 percent or 5,155 units from 18 projects, may be released in the Rest of Central Region (RCR). An estimated 31.7 percent or 3,612 units from 14 projects may be launched in the Outside Central Region (OCR). Supply remains tight in the luxury segment with a projected 2,624 new units to be launched from 16 projects in Core Central Region (CCR).
Among the prestigious launch is a high-end condominium situated in the neighborhood of Bukit Timah, Perfect Ten by CK Assets sits on a generous, freehold plot of about 104,531 square feet (“sq ft”) in prime District 10. With its distinctive symmetrical towers at 24-storeys high, the tallest new development on Bukit Timah Road, it is set to become a new residential icon.