- Singapore Real Estate
- Apartments in Singapore
- Pre-Construction Singapore
In the last two years, Singapore has been growing in
popularity with foreign buyers, thanks in large part to the
capital gains available in its booming property market.
"Singapore has become much more of a global city," said Ong
Choon Fah, the executive director in Singapore and regional
head of consulting and research for the global real estate
consultant DTZ. "I think generally the place is no longer
just seen as a place to work, but also as a place to have
fun," Ong said, referring to the addition of Formula One
racing and casinos.
Before the end of 2005, when Singapore's real estate
market started to bounce back from the effects of SARS and
some regional economic problems, foreign homebuyers were
involved in fewer than 20 percent of all city purchases. But
in the first half of this year, that share increased to 29
percent. (Most of the purchases are for condominiums because
of continuing restrictions on the foreign ownership of
land.)