With the housing cooling measures the government has implemented, overseas properties have seen a rise in sales among Singaporeans.
With Cooling Measures such as TDSR (Total-Debt-Servicing-Ratio), Loan To Value, Additional Buyer’s Stamp Duty, it is getting increasing tough for Singaporeans to invest in local property. Countries such as Malaysia, Australia, Bangkok, London and recently Cambodia have been popular amongst resourceful Singaporean investors.
The bridge, Cambodia is popular as it guarantees a 18% rental return. Investors do not have to worry about renting out their properties as Oxley, a top developer, will be giving investors a total of 18% rental return in the first 3 years.
Another development which saw popularity amongst Singaporeans is Royal Wharf, London. Royal Wharf phase 1 sold out with 20% of the 811 units bought by Singaporeans. The development was a sell out as the pricing was cheaper than most condominiums in London.