28 Oct '13, 3am

Fewer private homes sold to foreigners: Several nationalities, namely th... property market

Several nationalities, namely the Chinese, Malaysians, Indonesians and Indians bought fewer private homes in the third quarter this year compared to the previous quarter, according to data from DTZ and reported in the media. Specifically, the number of units purchased by Chinese, Malaysians and Indonesians each declined by 43 percent, resulting in 238, 240 and 149 units respectively. On the other hand, the number of units bought by Indians fell by 36 percent to 71 units. Despite the drop, these nationalities remained the top four buyer groups among foreigners and permanent residents (PRs) who acquired private homes in the first nine months of the year. In total, they took up 81.3 percent of the 4,028 units during the period compared to an 80.9 percent share of the 7,717 units last year. In comparison, the number of private houses purchased by US citizens stayed unchanged a...

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

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