19 Aug '11, 9am

Mainland Chinese Big Buyers of Singapore Homes - Yahoo! Singapore Finance via @YahooFinance

Mainland Chinese Big Buyers of Singapore Homes Topics: Economy Government and Policy International On Friday 19 August 2011, 12:28 SGT Mainland Chinese buyers have emerged as the biggest group of foreigners buying residential property in Singapore this year, according to the latest research from global real estate services firm DTZ. Over April to June, residential property sales grew a strong 20 percent from the previous quarter, with the Chinese buying 640 properties during that period - 100 units more than in the first quarter of the year, according to the report. Buyers from the Mainland accounted for 26 percent of all purchases made by foreigners. An agent from Singapore-based HSR International Realtors, Huang Xiao Qiong, told CNBC that she gets on average 10 clients a month from mainland China and so far this year, she has already sold local properties to 20 Chinese b...

Full article: http://sg.finance.yahoo.com/news/Mainland-Chinese-Big-Buy...

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