Expats starting to venture in suburban areas for homes: analyst

Check out the reason behind it.

According to Knight Frank, local homebuyers accounts for majority of the transactions in URA's latest index. Foreign investors who are not familiar with Singapore housing landscape would still prefer prime residential properties in Districts 9, 10 and 11, where the high-end residential segment currently remains quiet due to the high price quantum and the ABSD.

Knight Frank said that meanwhile, foreigners residing in Singapore and are more familiar with the local environment are beginning to venture into suburban areas, given the lower price quantum of mass market residential properties and the convenient public and private transport accessibility in Singapore.

"Nonetheless, the proportion of foreign buyers is still marginal compared to Singaporeans as long as the current cooling measures remain in place," it said.