Foreigners are returning but aim low
Analysts said the additional buyer's stamp duty (ABSD), which imposed a 10 per cent levy - now 15 per cent - on purchases by foreign buyers, has prompted more of them to aim downmarket.
Foreign buyers, not including PRs, bought 10.7 per cent of the 4,884 private homes sold in the first quarter of this year.
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Popular choices
Among the most popular projects among foreign buyers was D'Leedon, in prime District 10. Projects in District 19 favoured by them include La Fiesta in Sengkang.
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