121 views

Chart of the Day: Singaporeans take up four-fifths of home sales in 11M 2019

About 6% of 18,400 units were bought by foreigners.

This chart by DBS Bank shows that Singapore buyers remained the key buyers of new homes, taking up nearly four-fifths or 79% of the 18,400 units transacted in the first 11 months of 2019, based on data from the Urban Redevelopment Authority (URA).

At the same time, Singapore permanent residents (PRs) accounted for another 14%, whilst the remaining 6% came from foreigners.

Sales in 11M 2019 rose 5% YoY to nearly 9,500 units, and is expected to reach 10,000 by the year-end. However, secondary market transactions slipped 20% YoY to about .8,900 units in 11M19 as buyers appeared to focus on new homes where overall investment quantum is smaller.

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.

Top News

Singapore payments to hit $114b by 2030
Transaction value reached $39b in 2023 and is projected to grow 16.3% annually.
Cards & Payments