Chart of the Day: Homes bought by expats hit 1,600 in 2017

This is still lower than the bull market average of 3,600 per year.

This chart from the Bank of Singapore (BOS) shows foreign home buyers only made 1,600 transactions in 2017, lower than the bull market average of 3,600 per year.

The figure is also lower than the long-term average of 2,200 transactions per year.

BOS said the housing recovery in Singapore has been mostly driven by domestic buyers.

In terms of percentage of total transactions, only 5.6% of transactions in 2017 were attributed to foreigners against a long-term 18-year average of 8.7%.

"As the housing upturn gains further momentum ahead, we see the re-emergence of a larger set of foreign buyers becoming a meaningful tailwind and kicking the bull market into a higher gear," BOS head of strategy Eli Lee said. 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.