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The stock market is falling faster and more often than they are going up. There is economic uncertainty yet foreigners are still buying properties in Singapore.
Approximately 100,000 public and klimt cairnhill condo private homes are expected to be completed in 2014 and 2015. Prices are not expected to fall with this new flood of flats onto the market. Past trends have shown that prices are driven more by sentiment than by stock levels. With the new immigrants coming into Singapore, demand by the immigrants will prevent prices from falling
Foreigners make up 60% of the buyers for top-end property market. Foreigners, including permanent residents bought 162 non-landed units priced $5m and above for the first half of this year.