Domestic players still hold majority of residential market
They account for 79% of the market share.
According to the latest Knight Frank Asia Pacific Residential Review, local developers still contributed the most of the residential market share at 79%.
"In Singapore, developers face some of the most stringent regulations such as Qualifying Certificate rules and the Additional Buyers' Stamp Duty, as the government aim to prevent land hoarding and encourage reasonable pricing," Knight Frank said.
Some notable buyers Knight Frank noted are Hong Kong, Japan, Malaysia, and United Arab Emirates.
Check out the table below for some notable deals.
