Foreign Buyer Activity: Q3 2026
Analysing transaction activity in Singapore's prime districts and high-value segments as a proxy for foreign buyer activity. Note: URA data does not disclose buyer nationality directly.
Key Takeaways
- 13 CCR transactions in Q3 2026
- 10 high-value transactions above $5M
- Foreigner ABSD rate: 60% (entities: 65%)
ABSD Framework
Rates as of Q3 2026 (from IRAS ABSD rates):
| Buyer Profile | ABSD Rate |
|---|---|
| Singapore Citizen (1st property) | 0% |
| Singapore Citizen (2nd property) | 20% |
| Permanent Resident (1st property) | 5% |
| Permanent Resident (2nd property) | 30% |
| Foreigner | 60% |
| Entity / Trust | 65% |
High ABSD for Foreign Buyers
Foreigners pay 60% ABSD on top of BSD. For a $2M property, that is $1,200,000 in ABSD alone.
CCR Market Activity
13
CCR Transactions
$2,514 psf
CCR Avg PSF
10
$5M+ Transactions
Prime District Performance
| District | Transactions | Avg PSF |
|---|---|---|
| D9 (Orchard / River Valley) | 6 | $2,937 psf |
| D10 (Bukit Timah / Holland) | 3 | $2,318 psf |
| D11 (Novena / Thomson) | 2 | $2,057 psf |
Highest Value Transactions
| Project | District | Price | PSF |
|---|---|---|---|
| FRANKEL ESTATE | D14 | $14,000,000 | $1,518 psf |
| FRANKEL ESTATE | D14 | $8,680,000 | $1,679 psf |
| THE PEAK | D5 | $8,500,000 | $1,539 psf |
| BAN GUAN PARK | D10 | $8,200,000 | $2,735 psf |
| LANDED HOUSING DEVELOPMENT | D5 | $8,200,000 | $3,140 psf |
| LANDED HOUSING DEVELOPMENT | D5 | $7,400,000 | $1,460 psf |
| LANDED HOUSING DEVELOPMENT | D5 | $7,400,000 | $1,460 psf |
| VIVA | D11 | $5,387,250 | $2,750 psf |
| LANDED HOUSING DEVELOPMENT | D5 | $5,380,000 | $2,311 psf |
| LANDED HOUSING DEVELOPMENT | D5 | $5,380,000 | $2,311 psf |
Geopolitical Context & Foreign Demand Outlook
Editorial analysis for this section is being prepared.
Frequently Asked Questions
How does ABSD affect foreign buyers?
Foreign buyers pay 60% ABSD on top of standard BSD. For entities, it is 65%.
Are foreigners still buying condos in Singapore?
Despite the high ABSD, Singapore remains attractive to ultra-high-net-worth buyers. Q3 2026 saw 10 transactions above $5M.
Which districts are most popular with foreign buyers?
Districts 9 (Orchard/River Valley), 10 (Bukit Timah/Holland), and 11 (Novena/Thomson) are traditionally favoured.
Methodology & Sources
The dataset behind this report spans Q3 2026; we refresh it every quarter.
Transaction data sourced from URA REALIS.
- Interest rate data from MAS SORA dashboard.
- ABSD rates from IRAS ABSD rates.
Price-per-square-foot (PSF) here means the median deal in the period; means are reserved for volume-weighted aggregates explicitly labelled as such.