19 Aug '11, 1am

Chinese again top foreign home buyers

Chinese again top foreign home buyers

China nationals have emerged as the top non-Singaporean buyers of private residential properties here for the second quarter running. -- ST PHOTO: NURIA LING By Cheryl Lim China nationals have emerged as the top non-Singaporean buyers of private residential properties here for the second quarter running. They bought a record 640 homes in the three months ended June 30, up from the 527 units they purchased in the first quarter, a private sector report has found. These buyers accounted for just over a quarter of all purchases by foreigners and permanent residents (PRs) - 26 per cent - unchanged from the first quarter. Related Links Percentage of buyers by residential status Overall, the number of private property deals sealed by foreigners and PRs in the quarter made up 30 per cent of all private home sales, said the report by DTZ Research. Please enable JavaScript to view t...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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