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by OrangeTee & Tie Pte Ltd.

Foreign buyers purchase the most homes in Districts 5 and 19 from Jan 2020 to date

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Singapore, 01 Apr 2021

ven though border restrictions have been in place since April last year — save for green lane arrangements for business travel — foreigners are still buying homes in Singapore. Recent data suggests that there could be an increase in the number of foreigners who reside long term in Singapore and see value in transferring the rental they pay towards ownership, says Lee Sze Teck, director of research at Huttons Asia.

This is evident from data from January 2020 to February 2021. District 5 (Buona Vista, West Coast and Clementi New Town) was the most popular among foreigners, which is home to 475 out of 4,208 homes (11.3%) bought by foreigners. This is followed by District 19 (Serangoon, Hougang, Sengkang and Punggol), where 403 homes (9.6%) were sold to foreigners.

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