In the private residential real estate market of Singapore, it is known to have attracted more foreign buyers across the nine months period of year 2016 according to the latest report released.
During the nine months period of 2016, foreign buyers accounted about seven hundred eighty transactions. These new launch condo transactions account for about eleven percent increase as compared to the same month duration for year 2015. Among these foreigners who bought Singapore properties, the Chinese stand out prominently forming the largest group of buyers with the Indonesians following closely behind followed by the Malaysians and the Americans respectively.
Couple of reasons for the Chinese being the largest group among the rest of the foreigners are that they have become more familiar with the Singapore residential property together with Mandarin as the mother tongue of Singaporean Chinese as well as most importantly the increasing growth in wealth of many mainland Chinese.
New upcoming Launches in 2017 :
12 On Shan developed by renowned developer, TA Realty in city fringe located residential enclave of the Balestier vicinity. 12 On Shan new condo is well located in district 12 and minutes away from Novena Square, United Square, Novena Square 2 and the Novena MRT station. 12 on Shan price, 12 on Shan floor plan, 12 on Shan brochure will be available soon. 12 On Shan showflat viewing by appointment only.
Clement Canopy is jointly developed by UOL and Singland Homes. This Clement Canopy new condo is located along Clementi Avenue 1 in District 5. Clement Canopy showflat will be ready for its new launch condo preview. The respective Clement Canopy floor plan and the Clement Canopy brochure will be made available by its appointed marketing agent. Clement Canopy price pending developer update.
More upcoming launch : Seaside Residences and Grandeur Park Residences