RESIDENTIAL | Staff Reporter, Singapore

Proportion of Singaporean condo purchases at an all-time high in Q4 2020

Singaporeans accounted for 82% of non-landed home sales.

Domestic home buyers continue to pour into the market as the proportion of Singaporean purchases hit a new high last quarter. Based on URA Realis data, Singaporeans formed the bulk of buyers for non-landed homes (all types of sales) in Q4 2020, comprising 82.0 per cent with 4,674 units. This is the highest proportion in recent years.

According to OrangeTee, last quarter, PRs bought 808 nonlanded homes constituting 14.2 per cent of all non-landed home sales. Non-PRs bought 192 units, constituting 3.4 per cent of all non-landed home sales.

Mainland Chinese (Non-PRs and PRs) remained as the top foreign buyer in Q4 2020 (Chart 18). They purchased 232 non-landed homes. For the whole of 2020, they bought 943 non-landed homes.

The second top foreign buyers (Non-PRs and PRs) were from Malaysia (514 units), followed by India (373 units), Indonesia (189 units) and USA (155 units) (Chart 18). Another 854 units were classified as Foreign Unspecified.

The most popular districts among Mainland Chinese buyers were District 19 (24 units), District 5 (18 units), District 10 (18 units), District 16 (16 units), District 3 (15 units) and District 9 (15 units).

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.