Do locals and foreigners make the same choices when they buy condos in Singapore? Apparently not.
We’ve scoured the statistics and found that the two groups have distinctively different preferences. Foreigners tend to prefer condos near Orchard, probably because this shopping belt is well known the world over and they want to be associated with its prestige and luxury.
On the other hand, locals are more open to other parts of the top three districts, such as Bukit Timah, Novena and the Holland area. This could be because of the other amenities available in these areas, such as famous schools, F&B outlets, medical centres and closeness to nature.
Take a look at the results here for the Top 5 preferred new launch condos by locals and foreigners.
The Choice of Locals
1) Mooi Residences
Address: 557 Bukit Timah Road, Singapore 269694
District: D10
Developer: Wenul HL Pte Ltd
Expected TOP: 3Q 2022
Tenure Freehold
Buyer Profile: 92.3% Singaporean
Indicative Price Range: $2,491 – $2,669 psf
Average Price Range: $2,539 psf
2) Peak Residence
Address: 333 Thomson Road, Singapore 307675
District: D11
Developer: TSRC Novena Pte Ltd
Expected TOP: Feb 2025
Tenure: Freehold
Buyer Profile: 91.2% Singaporean
Indicative Price Range: $2,320 – $2,872 psf
Average Price Range: $2,466 psf
3) Hyll on Holland
Address: 95 Holland Road, Singapore 278539
District: D10
Developer: FEC Skypark Pte Ltd
Expected TOP: 30 Jun 2025
Tenure: Freehold
Buyer Profile: 87.3% Singaporean
Indicative Price Range: $2,448 – $2,938 psf
Average Price Range: $2,675 psf
4) Wilshire Residences
Address: 30 Farrer Rd, Singapore 268832
District: D10
Developer: TE2KS-RH Pte Ltd
Expected TOP: 31 Jul 2023
Tenure: Freehold
Buyer Profile: 84.3% Singaporean
Indicative Price Range: $2,655 – $2,825 psf
Average Price Range: $2,724 psf
5) Neu at Novena
Address: 27 Moulmein Rise, Singapore 308140
District: D11
Developer: RH Novena Pte Ltd
Expected TOP: 30 Apr 2024
Tenure: Freehold
Buyer Profile: 80.8% Singaporean
Indicative Price Range: $2,676 – $3,046 psf
Average Price Range: $2,777 psf
The Choice of Foreigners
6) Park Nova
Address: 18 Tomlinson Road, Singapore 247858
District: D10
Developer: Shun Tak Cuscaden Residential Pte Ltd
Expected TOP: 31 Oct 2024
Tenure: Freehold
Buyer Profile: 91.9% Foreigner
Indicative Price Range: $4,532 – $4,896 psf
Average Price Range: $4,642 psf
7) Nouvel 18
Address: 18 Anderson Road, Singapore 259977
District: D10
Developer: Summervale Properties Pte Ltd
Expected TOP: TOP obtained
Tenure: Freehold
Buyer Profile: 50.5% Foreigner
Indicative Price Range: $2,916 – $3,632 psf
Average Price Range: $3,205 psf
8) Boulevard 88
Address: 86 Orchard Blvd, Singapore 248655
District: D10
Developer: Granmil Holdings Pte Ltd
Expected TOP: Q4 2022
Tenure: Freehold
Buyer Profile: 48.1% Foreigner
Indicative Price Range: $3,610 – $4,836 psf
Average Price Range: $4,067 psf
9) 3 Orchard By The Park
Address: 3 Orchard Blvd, Singapore 248653
District: D10
Developer: Orchard Westwood Properties Pte Ltd
Expected TOP: TOP obtained
Tenure: Freehold
Buyer Profile: 48.1% Foreigner
Indicative Price Range: $3,583 – $3,625 psf
Average Price Range: $3,604 psf
10) Scotts Square
Address: 6 Scotts Road, Singapore 228209
District: D9
Developer: Wheelock Properties
Expected TOP: 22 Aug 2011
Tenure: Freehold
Buyer Profile: 31.9% Foreigner
Indicative Price Range: $3,204 – $3,998 psf
Average Price Range: $3,547 psf
In this article, we’ve highlighted the top 5 new launch condos preferred by locals and foreigners. If you want to know more, schedule a visit with us or book a free consultation with our trusted and renowned representatives.
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