Singapore, 01 Apr 2021 Even 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.
“In the past, many foreigners bought luxury properties. But in recent years, more foreigners seem to be moving outwards from the city centre to the city fringe and suburban areas, possibly due to the price affordability of these properties,” says Christine Sun, senior vice president of research and analytics at OrangeTee & Tie.