Understanding the regulations and restrictions surrounding property ownership in Singapore is crucial for foreign investors. While purchasing condos is typically more accessible for foreigners compared to landed properties, there are still certain limitations. One of these is the Additional Buyer’s Stamp Duty (ABSD) which stands at 20% for foreign buyers making their first property purchase. Despite this added expense, the Singapore real estate market’s stability and growth potential remain highly appealing for foreign investment. In fact, the market continues to attract foreign buyers, with new condo launches being a popular choice. New Condo Launches offer great opportunities for foreign investors to tap into the thriving Singapore property market.
In recent previews, CapitaLand Development (CLD) has received overwhelming interest for two of its projects in Vietnam. The developer held an exclusive preview for Orchard Hill, a 774-unit high-rise development on October 26. This project is the second phase of Sycamore, a joint venture between CLD and United Overseas Australia, which includes 3,500 freehold units in Binh Duong New City, 30km from Ho Chi Minh City. Since the preview, 694 units, or 90%, of Orchard Hill have already been booked with the one- and two-bedders being the most popular. The project is expected to be completed by 4Q2026.
On November 9, CLD also held an exclusive preview of The Senique Hanoi, a 2,150-unit high-rise residential project in East Hanoi. The response has been equally strong with bookings for 92% of units. The Senique Hanoi is a collaboration between CLD, Mitsubishi Estate, and Nomura Real Estate Development, and is scheduled to be completed in 2027.
This positive reception for The Senique Hanoi follows the success of the launch of the third and final phase of CLD’s Lumi Hanoi residential development last month. During the launch, 678 of the 697 units released for sale were taken up, reflecting a take-up rate of 97%. The 3,950-unit Lumi Hanoi is now 99% sold.