Foreign property buyers are venturing out of the usual prime districts in Singapore to invest in other parts of the island.
A new study done by Savills shows that overseas investors are looking at districts 11 and 22, as well as district 12, which is the Balestier area.
The study also revealed that districts 15, 10 and 9 remained as top choices of foreign investors over the past three years.
District 15 covers Amber Road, Katong and Joo Chiat. District 10 includes Holland Road, Bukit Timah, the posh Ardmore and Tanglin neighbourhood while District 9 is comprised of the Orchard and River Valley areas.
Meanwhile, Districts 22 and 11 have become more prominent in recent years due to the high number of new developments and projects, said Savills.
For the past three years, there were at least 30 major projects launched in district 11, including Park Infinia at Wee Nam, Miro at Lincoln Road and Viva. District 22, which is the Jurong area is home to a number of major projects, including The Lakeshore, Caspian and The Centris.
Savills noted that district 12, which includes Toa Payoh, Serangoon and Balestier, became one of the top choices of foreign investors this year. New projects there include Vista Residences, Nova 48, Nova 88, Domus and The Arte.