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Property hotspots

Property hotspots

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To get a better idea on which areas and what type of properties foreign buyers favour, we spoke to analysts who shared that foreign investors are currently leaning towards condominiums in the prime districts or city fringe area, as these tend to be more in demand by tenants and could be more competitive for leasing. Developments near MRT stations and amenities are also popular with investors. “The preference is still the prime areas – Districts 9, 10, 11, and District 4 (Sentosa, Keppel Bay) for non-Asian foreigners. That said, Asian foreigners are open to other areas like Queenstown, the Redhill cluster, Buona Vista and Paya Lebar. Most of the draw comes from availability of good quality stock in these areas,” shared Tay Kay Poh, Executive Director and Head of Residential Services, Knight Frank Singapore. Ong from JLL, on the other hand, said that new developments with good attributes generally tend to attract more buyers. “Investors and buyers are usually drawn to developments with good attributes, for example, Seaside Residences in the East Coast area, which is situated near an array of amenities, a future MRT station, and enjoys sea views, found strong demand from buyers. Another example of a project that sold well is Park Place Residences at Paya Lebar Quarter, which is part of a prestigious mixed-use development at Paya Lebar, and is located near an MRT station served by two MRT lines.” More info [URL="https://sg-property.sg/properties/martin-modern/"] click here [/URL] or [URL=" https://sg-property.sg/"] sg-property.sg [/URL]

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