Foreign buyers still drawn to cheap luxury homes even as regional currencies tumble

D'Leedon was the most popular project.

Non-Singaporean investors are still buying prime homes in Singapore despite weakening regional currencies, according to a report by DTZ.

High-net worth individuals from Malaysia and Mainland China were particularly active in Districts 9, 10 and 11.

Malaysian buyers snapped up 29 luxury units in the third quarter, while Chinese buyers bought 22 units over the same period.

“Besides districts 19 and 28, most of the non- Singaporean purchases were made in district 10. Based on caveats lodged, most of these units were in Leedon Residence and D’Leedon. Both developments were more popular because they have obtained their Temporary Occupation Permits. Interested non-Singaporean buyers faced less risk as they are able to see the product they are purchasing,” said DTZ.