PETALING JAYA: Malaysians continue to be the second-largest group of buyers of Singapore’s non-landed residential properties by nationality year-to-date, after the Chinese.
“Interestingly, foreigners who did not specify their nationalities topped the overseas charts for the first time in history, ” said Cheong in his August residential sales report. The Indonesians and Indians are also strong buyers of Singapore’s non-landed housing, followed by the Americans and the British, URA statistics showed.
Sales director David Neubronner said up to 16% of all transactions were by foreigners in 2011, compared to only 4% in 2018. On whether she saw a rise or drop in Malaysians buying into Singapore after the change in government since May 2018, Li said: “There was not much change in the number of Malaysians buying Singapore property post-May 9,2018.
As for Singaporeans buying into Malaysian properties, Li said Johor was among their favourites, due to its proximity to Singapore.However, although these properties are much more affordable, quality-wise, they may not be comparable to in Singapore.
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