Tag Archives: Singapore Property Market

7 types of buyers in the market

Posted on 22 Aug 2009 | Comments Off on 7 types of buyers in the market

1 SPECULATORS

These are the people who buy property with a view to flipping it to make a quick profit.

They have no intention of actually living in their property. As long as they can make money from the property, its design or layout is of little importance.

Some speculators have even bought units without bothering to step into the showflats, while others have sold homes only hours after buying them.

This is the group you can count on for the queues, blank cheques and recession-defying rise in prices.

They can continue playing the market as long as their actions do not get out of control.

2 SPECU-VESTORS

Coined in recent years, this term refers to those who buy to flip but can afford to hold on to their investment if necessary. Continue reading →

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More foreign investors snapping up homes here

Posted on 22 Aug 2009 | Comments Off on More foreign investors snapping up homes here

Buyers from the region are returning now that prices have corrected

THE number of foreign buyers in Singapore’s property market shot up in the second quarter, but they are not quite the high-spending ones seen during the 2007 boom, according to property experts.

The globe-trotting high-spenders flocked to Singapore in droves then, helping to lift high-end prices even higher and setting record highs. It was not just individuals and funds – foreign developers also wanted a slice of the action.

A recent study by consultancy Jones Lang LaSalle found that foreign buyers – including permanent residents – lodged 1,662 caveats in the second quarter of this year, up from 489 caveats in the first quarter.

It was the highest quarterly sales figure since the third quarter of 2007 when 2,444 caveats were lodged. Continue reading →

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