Chart of the Day: Foreigners preferred pricier CCR homes in Q3
Their proximity to the CBD contributed to the popularity amongst foreign buyers.
This chart by Edmund Tie Research shows that about seven in 10 of the sold units in Marina One Residences, the top-selling new project in the core central region (CCR) in Q3, were bought by foreigners. Leasehold development Haus on Handy was also considered one of the sought after projects amongst expat purchases.
The report attributed the popularity to “prime locational attributes, proximity to the CBD and quality furnishings and fittings of the projects.” In Haus on Handy’s case, the property is located near Dhoby Ghaut MRT and the prime shopping belt of the Orchard area.
In contrast, Singaporeans and permanent residents preferred the more attractively priced new developments in the rest of central region (RCR) and (OCR), purchasing over 90% of the units in these new launches sold in Q3 were purchased by SCs and SPRs.