Singapore properties have long been favoured by foreign investors seeking a safe haven for both capital preservation and appreciation.
Based on EdgeProp’s analysis, below are the top 5 Singapore condos that saw the highest level of foreign interest in the first 11 months of 2018, by comparing the number of units at the development and the number of units sold. Only new sales transactions for non-landed private residential properties involving foreigners who are non-permanent residents (NPR) were considered in our analysis.
It's no surprise that professionals of all stripes have been making a beeline for property in Marina Bay, site of the country's new financial district.
New residential and office developments like V on Shenton that have been springing up in the vicinity are magnets for the well-heeled buyer.
Tenants with cash to spend like the area as well, not just for the proximity to work but also to attractions such as the Marina Bay Sands integrated resort, Gardens by the Bay and the city centre.
Interest in the area looks like being ramped up even further, with the Marina One development expected to be completed in 2017.
Following the grand opening of Marina Bay Financial Centre (MBFC) on Wednesday, the Marina Bay area is set to get more homes, offices and shops in the next few years, noted analysts. Several land parcels in the area have also not been developed yet.
MBFC has also established a new standard for green buildings and boosted the supply of prime office space in the CBD by three million sq ft. With its high-end apartments and restaurants, the integrated development also provides a unique environment for working, living and leisure, said Prime Minister Lee Hsien Loong.
