As foreign buyers return, condo projects in Core Central Region could be back in favour

AS borders reopen and travel flows back to Singapore, developers with projects in the Core Central Region (CCR) should benefit from a pick-up in demand. This comes as strict border curbs over the last 18 months or so have largely kept foreign buyers at bay, with sales in the CCR lagging behind the city fringe and suburbs.

From Oct 19, vaccinated travellers from 11 markets are able to enter Singapore quarantine-free as nine new vaccinated travel lanes (VTLs) across Europe, North America and South Korea (from Nov 15) join the two existing VTLs from Germany and Brunei.

While Singapore is taking a cautious approach by capping the daily number of incoming travellers across the VTLs to 3,000 arrivals, this is widely seen as a starting point, and international travel is likely to gain traction as more VTLs are launched in the months ahead.