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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
