Foreign demand for Singapore property to continue: JLL

Singapore

THERE has been good demand from foreigners for Singapore's private residential property this year, and real estate consultancy JLL expects the recovery in foreign demand to continue into 2017. It also expects properties in the prime city centre to be the preferred choice.

According to findings from a JLL study released on Tuesday, the number of foreign buyers, excluding Singapore permanent residents, in the first nine months of 2016 rose 11.7 per cent compared to the same period last year, driven by nationals from China, Indonesia, Malaysia and the United States.