30 May '13, 3pm

New: Singapore Property News This Week #105

Singapore Property News This Week #105 May 30, 2013 Residential Private home deals see a slip in foreigners’ share Foreigners’ share in private home transactions slipped to 20.8% in April, following the recovery to 26.7% in March from Feb’s 23.3% and Jan’s 28%. Conversely, Singaporeans’ share saw the highest monthly share in a year – an increase from 72.5% in March to 78.3% in Apr. On a quarterly basis, the total number of private home caveats lodged fell 34.4% (8,725 in 4Q12 to 5,721 in 1Q13). Caveats by Singaporean buyers declined 36.6% quarter on quarter to 4,153 in Q1 while those by foreigners only fell by 25.3%. It is predicted that there will be more Singaporean buyers for 2Q and 3Q13. Knight Frank noted that China buyers retained their no.1 position in their share of the foreigner buyer pie (from 25% in 4Q12 to 29.6% in 1Q13). 2 housing projects ready for preview Tw...

Full article: http://www.propwise.sg/singapore-property-news-this-week-...

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