{"id":3858,"date":"2019-08-16T11:17:24","date_gmt":"2019-08-16T11:17:24","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=3858"},"modified":"2021-06-04T14:36:14","modified_gmt":"2021-06-04T07:36:14","slug":"wealthy-foreigners-pour-back-into-singapore-market","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/wealthy-foreigners-pour-back-into-singapore-market\/","title":{"rendered":"Wealthy foreigners pour back into Singapore market"},"content":{"rendered":"<p>Transactions of private homes grow in July, supported by heavier foreign buying of luxury units<\/p>\n<figure id=\"attachment_3859\" aria-describedby=\"caption-attachment-3859\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-3859\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/08\/shutterstock_377070673.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/08\/shutterstock_377070673.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/08\/shutterstock_377070673-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/08\/shutterstock_377070673-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-3859\" class=\"wp-caption-text\">Singapore. Kanuman\/Shutterstock<\/figcaption><\/figure>\n<p>Singapore developers recorded last month 1,178 transactions of new private homes, excluding executive condominiums, up 43.5 percent from June, OrangeTee &amp; Tie reported, citing a survey from the Urban Redevelopment Authority (URA).<\/p>\n<p>The stellar sales could largely be attributed to buyers returning to the market after the June holidays and more developers fast-tracking launches ahead of the lunar seventh month, a taboo time for big-ticket purchases, the consultancy reported.<\/p>\n<p>Foreign buyers also accounted for a heftier amount of transactions in July. Eighty-two units or 7.1 percent of all non-landed new home sales went to foreigners or non-permanent residents (NPR) last month, according to URA Realis data\u2014higher than the one-year average of 39 units.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/singapores-former-budget-terminal-takes-flight\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Singapore\u2019s former budget terminal takes flight<\/strong><\/a><\/p>\n<p>Foreigners are also buying even pricier homes. Of the 311 non-landed new homes sold to foreigners in the first seven months of 2019, 27 percent or 84 were above SGD3 million, greater than the last peak of 30.5 percent in 2007.<\/p>\n<p>Over the same period, 49 units or 15.8 percent of non-landed new homes sold to foreigners were more expensive than SGD5 million.<\/p>\n<p>\u201cThe growing global economic uncertainties may see more investors parking their funds here as Singapore\u2019s property market is known to be a safe and stable haven for capital preservation and appreciation,\u201d OrangeTee &amp; Tie commented.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Transactions of private homes grow in July, supported by heavier foreign buying of luxury units<\/p>\n","protected":false},"author":8,"featured_media":20230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[],"class_list":["post-3858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","news_country-singapore","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Wealthy foreigners pour back into Singapore market | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/wealthy-foreigners-pour-back-into-singapore-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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