Agent.sg / Property news / Chart of the Day: Mainland Chinese made up 18.8% of NPR home buyers in Q3

Chart of the Day: Mainland Chinese made up 18.8% of NPR home buyers in Q3

Fresh property news selection on November 18. 2019, Monday.

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They bought 10 more units in Q3 compared to the previous quarter. This chart from Edmund Tie & Co. reveals that mainland Chinese buyers remained the top source of foreign purchasers of residential properties in Singapore amongst declared nationalities. accounting for 18.8% of all sales of non-permanent residents (NPRs).

Amongst the top sources of foreign buyers, only the sales volume to of mainland Chinese buyers increased from 58 units in Q2 to 68 units in Q3.

“Although this was much lower than the peak of 46.6% in Q3 2018, mainland China buyers remained the top source of foreign purchasers in Singapore, which may be due to Singapore being considered as a safe investment haven and home purchases in Singapore were deemed to be a hedge against risks, particularly with the ongoing social unrest in Hong Kong,” said Leong Kin Mun, Assistant Manager (Research) at Edmund Tie & Co.

Other top sources of foreign buyers included USA (6.1%); Indonesia (4.4%) and Malaysia (1.4%).

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