PropertyBT: Foreigners’ love for Singapore property (Ep 19)

Why do foreigners buy Singapore homes despite high taxes? Senior correspondent Leslie Yee finds out from Alan Cheong, executive director of research and consultancy, Savills Singapore.

Listen.19:12
Published Thu, May 25, 2023 · 05:50 AM

Synopsis: Hosted by senior correspondent Leslie Yee, PropertyBT from The Business Times shares insights on all things Singapore property to help you on your property investment journey. Episodes feature views and insights from property analysts.

Why are foreigners keen on Singapore property? Transaction costs can be high for homes and yields may be low. But Singapore is a safe haven and the currency is strong. Might more foreign interest show in non-residential properties here? Senior correspondent Leslie Yee does a deep dive with Alan Cheong, executive director of research and consultancy, Savills Singapore.

Highlights of the podcast:

01:22 Impact of higher Additional Buyer’s Stamp Duty

03:52 How active are foreigners?

06:04 Perception of locations

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10:22 Switching to the non-residential segment

12:29 Foreign interest outlook amid uncertainties

15:19 A need for more restrictions?

Read Leslie’s article

Written and hosted by: Leslie Yee (lyee@sph.com.sg)

With Alan Cheong, executive director of research and consultancy, Savills Singapore

Edited by: Howie Lim

Produced and edited by: Janice Tan

Recording engineer: Joann Chai Pei Chieh

Produced by: BT Podcasts, The Business Times, SPH Media

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BT Correspondents brings together some of The Business Times’ most trusted columnists in a single series. Featuring Mark to Market, WealthBT, TransportBT, and PropertyBT, weekly episodes deliver expert analysis and clear perspectives on stocks, wealth, mobility, and real estate. It is essential listening for professionals who want context, clarity, and depth.