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What are Malaysians buying in Singapore?

By Tan Chee Yuen / The Edge Property | October 16, 2015 9:00 AM MYT
Tags: malaysian buyerMalaysiaMalaysianinvestment
General decline in overall volume

The number of properties bought by Malaysians in Singapore has been trending downwards since 2012, mirroring the decline in the overall property market. According to URA statistics, total number of properties purchased by Malaysians had increased marginally from 1,440 in 2011 to 1,456 in 2012. However, from 2012, total number of properties purchased had fallen 60% from 1,456 caveats in 2012 to 581 caveats in 2015. These figures are based on caveats lodged between January and August for the corresponding years.



Chart 1



Source: URA, The Edge Property



Focus on mass market projects

In general, majority of Malaysians are buying properties in Singapore which are priced between $500,000 and $1 million (RM1.5 million to RM 3 million based on today’s exchange rate). The $1 million to $1.5 million price range is the next preferred option.



Chart 2



Source: URA, The Edge Property



Condominiums and apartments are preferred

As Singapore imposes foreign ownership restriction on landed residential properties, 99% of the properties purchased by Malaysians are in the non-landed segment, primarily in condominium and apartment.



Chart 3





Source: URA, The Edge Property



Central region is still the #1 hot-spot

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