Foreign buying of Singapore private homes drops to 17-year low in 2020
SINGAPORE (BLOOMBERG) - Foreigners snapping up private apartments in Singapore declined to a 17-year low last year as travel restrictions and lockdowns in various countries deterred them from coming to the city-state. Purchases of units fell to 742 last year, according to real estate consultancy firms ERA Realty Network and OrangeTee & Tie. That's the lowest since 2003, when non-permanent residents bought 671 units, based on analysis of government data as at Tuesday (Jan 26) that takes into account new, sub-sale and second-hand apartments. Singapore's two-month lockdown last year put a stop ...