22 May '13, 7am

Indonesians are among top buyers of Singapore property (24% of foreign buyers)

May 22, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share By Romesh Navaratnarajah : Indonesians were the third largest group of overseas property buyers in Singapore during the first quarter of 2013, accounting for 24 percent of all foreign deals. “Indonesia’s purchase position rose one percent from 2012,” said Novriyanto Lius, a property sales manager executive at Far East Organization, who predicted that purchases by Indonesians will grow to 30 percent by 2014. Meanwhile, mainland Chinese remained the largest group of foreign buyers at 30 percent, followed closely by Malaysians at 27 percent. According to Lius, robust interest from Indonesian buyers was attributed to the government’s property policy which makes it easier for foreigners to acquire property. Back in 2012, Singaporeans owned 80 percent of homes in the country, 13 percent were owned by pr...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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