<TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR>Nov 16, 2009
</TR><!-- headline one : start --><TR>Non-prime homes 'hot' <!--10 min-->
</TR><!-- headline one : end --><TR>Districts 9, 10 and 15 still rule, but Novena, Jurong, Balestier pick up by foreigners. </TR><!-- Author --><TR><TD class="padlrt8 georgia11 darkgrey bold" colSpan=2>By Joyce Teo
</TD></TR><!-- show image if available --></TBODY></TABLE>
<!-- START OF : div id="storytext"-->FOREIGN property investors are venturing out of traditional prime areas to snap up homes in other parts of the island.
A new study has found overseas buyers have become keen on district 12, which includes the Balestier area and which is associated with karaoke bars and lighting shops.
A Savills Singapore study found that districts 9, 10 and 15 have remained the top spots for foreign buyers over the past three years.
District 9 includes the Orchard and River Valley areas; 15 covers Katong, Joo Chiat and Amber Road, and 10 includes the posh Ardmore area, and the Bukit Timah, Holland Road and Tanglin neighbourhoods.
Districts 11 and 22 have become more popular thanks to the higher number of launches there, Savills said.
In the past three years, there have been at least 30 major launches in district11 - Novena and Thomson - alone, including Viva, Park Infinia at Wee Nam, and Miro at Lincoln Road.
Read the full story in Monday's edition of The Straits Times.
</TR><!-- headline one : start --><TR>Non-prime homes 'hot' <!--10 min-->
</TR><!-- headline one : end --><TR>Districts 9, 10 and 15 still rule, but Novena, Jurong, Balestier pick up by foreigners. </TR><!-- Author --><TR><TD class="padlrt8 georgia11 darkgrey bold" colSpan=2>By Joyce Teo
</TD></TR><!-- show image if available --></TBODY></TABLE>
<!-- START OF : div id="storytext"-->FOREIGN property investors are venturing out of traditional prime areas to snap up homes in other parts of the island.
A new study has found overseas buyers have become keen on district 12, which includes the Balestier area and which is associated with karaoke bars and lighting shops.
A Savills Singapore study found that districts 9, 10 and 15 have remained the top spots for foreign buyers over the past three years.
District 9 includes the Orchard and River Valley areas; 15 covers Katong, Joo Chiat and Amber Road, and 10 includes the posh Ardmore area, and the Bukit Timah, Holland Road and Tanglin neighbourhoods.
Districts 11 and 22 have become more popular thanks to the higher number of launches there, Savills said.
In the past three years, there have been at least 30 major launches in district11 - Novena and Thomson - alone, including Viva, Park Infinia at Wee Nam, and Miro at Lincoln Road.
Read the full story in Monday's edition of The Straits Times.
