Chinese and Malaysians dominate Singapore’s foreign property buyers list in 2014

Any spillovers in their economies could affect us drastically.

Foreign interest was particularly high prior to GFC, before plunging when the global turmoil unfolded. It rebounded strongly when global economic green shoots emerged.

According to a report by Maybank Kim Eng, since 2004, the identity of the foreign buyers has changed quite a fair bit: PRC Chinese are now the largest group of purchasers in Singapore, especially after the GFC. They accounted for 28.2% of all foreign buying in 9M14. 

Maybank adds that Malaysians have increased their exposure to Singapore’s property market after their election year in 2008. Malaysian purchasers took pole position in 2009-10, before their dethronement by the Chinese.

Indonesian purchasers have also largely held their ground, despite a blip in 9M14. They formed 17-19% of the foreign buyers in the last eight years. The blip in 9M14 could be due to presidential elections.

Foreigners now form a bigger chunk of the home owners in Singapore. Given their profile, one can conclude that any economic crisis in countries such as China, Malaysia, Indonesia and India may have spillover effects on Singapore’s market.  

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.