With the slew of cooling measures implemented by Singapore government especially the Additional Buyer Stamp Duty (ABSD) and Total Debt Servicing Ratio (TDSR), many foreigners has since stay away from Singapore property market.
Over the last decade, Singapore property market has a large portion of foreign buyers. In fact, there’s is more 3 fold increase in foreign purchase between 2000 and 2011. See Chart Below by JLL.
Foreign-buyers-chart
Since 2000, foreigners comprises about 4.1% of the total property purchase. But by 2011, this number increase to a whoppy 17.5%. This buying spree was boosted by job opportunity, Singapore solid position, more foreign capital and rising investment interest. However, the buying interest slipped from 2012 to 2014 about 7% due to the implemention of the Additional Buyer Stamp Duty (ABSD).
