Could an international money transfer to Singapore buy more land?

Expatriates who are interested in purchasing a property in Singapore may want to consider making an international money transfer to the region in order to buy somewhere with land.

Recent research conducted by Knight Frank has suggested that foreigners are responsible for the majority of purchases of landed properties.

Around 150 landed properties were purchased by expatriates in the first half of the year, a figure that is only "slightly less" than they total number of landed purchases conducted during the whole of 2009, the Telegraph reported.

A spokesperson for Knight Frank's consultancy and research department said: "The strong interest for landed homes is due to an increasing recognition for landed homes as a priced commodity in land-scarce Singapore."

He added: "Landed homes are also becoming increasingly attractive to foreigners who are seeking exclusive projects in quieter locations away from main town centres."

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Posted by Sarah Pitton