Foreigners Snapped Up 18.2% Of Property Units

Its closeness to NUS, Jurong East, and One-North improved its allure.

This chart from Knight Frank reveals that non-permanent immigrants represented 18.2% of sales of domestic condominium development Parc Clematis, making it the advancement with the highest number of foreign buyers in Q3 2019.

“The job attracted foreign buyers because of its distance to the National College of Singapore, Jurong East and also One-north,” the report read.

Singaporean purchasers still made up a lot of the brand-new home purchases in the leading five projects by sales, varying from 80%-90% of the devices purchased. Knight Frank kept in mind that these jobs appealed to Singaporeans looking for to buy for occupation because of the area, the possible advantage because of government development plans, as well as the affordable quantum.