Foreign buying of S’pore private homes at 17-year low

Purchases of units fell to 742 last year, according to Singapore-based real estate consultancy firms ERA Realty Network and OrangeTee & Tie Pte. That’s the lowest since 2003, when non-permanent residents bought 671 units, based on analysis of government data as of Tuesday that takes into account new, sub-sale and second-hand apartments.

SINGAPORE: Foreigners snapping up private apartments in Singapore declined to a 17-year low in 2020 as travel restrictions and lockdowns in various countries deterred them from coming to the city-state.

Purchases of units fell to 742 last year, according to Singapore-based real estate consultancy firms ERA Realty Network and OrangeTee & Tie Pte.