Chart of the Day: Foreign transactions of non-landed homes increased in June

Units bought by NPRs increased to 49.

This chart from OrangeTee & Tie shows that non-landed private homes bought by non-permanent residents (NPR) increased to 49 in June, a jump from the 14 units transacted in May and 7 units in April.

The number of non-landed homes bought by foreign buyers is also higher than the 33 units transacted in June 2019.

Furthermore, the number of non-landed homes bought by Singapore permanent residents (PR) has surged from 56 units in May to 120 units in June, higher than the 86 units sold in June last year.

More foreign buyers purchasing private homes remotely due to the border lockdowns or travel restrictions imposed in many countries. This is in stark contrast to the past where many foreigners typically buy a unit only after visiting a showflat.