MORE INDIANS PURCHASING PROPERTY ABROAD

MORE INDIANS PURCHASING PROPERTY ABROAD

Aug 15, 2011

A rising number of non-resident Indians (NRIs) in Singapore are investing in properties in Singapore, Malaysia, Thailand, Australia, London, and India.

“The new wealth which they have acquired also enables them to invest beyond their shores,” said Joshua Kumar, Head of the India Desk at Knight Frank in Singapore.

According to Wendy Tang, Executive Director of Knight Frank, Indians comprise the fourth largest group of property buyers in Singapore after the Indonesians, Malaysians and mainland Chinese.

Indians are primarily mid- and high-end buyers, with a preference for apartments and condominiums in high-end suburban areas.

Last March, Knight Frank brought Singapore property firms to New Delhi to sell their properties in the Indian market.

Meanwhile, over 30 Indian developers showcased their projects at the three-day Indian Property Show from 12 August to 14 August 2011 in Singapore. The show was organised by Dubai-based Sumansa Exhibitions LLC.

Info courtesy - PropertyGuru.com.sg