30 Oct '13, 1pm

New: Singapore Property News This Week #127

In the third quarter of this year, the number of private homes bought by mainland Chinese, Malaysians and Indonesians each fell around 43 per cent quarter-on-quarter to 238, 240 and 149 respectively. Indians also bought 36 per cent fewer private homes over the same period, at 71 units in Q3. Conversely, US buyers’ statistics, despite their small share, remained the same at 44 units in Q3, unchanged from Q2. According to property consulting group DTZ, US buyers have been less affected by the additional buyer’s stamp duty (ABSD) measures compared with other foreign buyer groups because US citizens who are buying their first Singapore residential property are exempt from ABSD, as they are given the same treatment as Singapore citizens under the terms of the US-Singapore free trade agreement. However, mainland Chinese, Malaysians, Indonesians and Indians still remain the top f...

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

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