Do you know, around 42% of the population in Singapore are foreigners. According to Savills Singapore, foreigner purchases accounted for around 25% of the total residential property sales transaction in Singapore during the first half of 2010. This statistics has increased considerably in the past few years due to several reasons.

Some important factors that triggered the foreigners to purchase property are listed below:

- Increasing rental charges

- Flexible Singapore housing loans

- Increasing property prices

- Low cost of living

- Long-term business schedules

According to a recent Leedon Green condo survey, foreign buyers are mainly responsible for increasing house price. Since, property prices are increasing steeply, most of the foreigners are finding it as a better investment.

Posted by: cramer john at 07:32 PM | No Comments | Add Comment
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