13 Nov '13, 10am

#StupidMoney #ChinaBubble #GlobalREBubble 'Chinese Top S'poreans As Top New-Build Buyer' via @SGPropertyGuru

Chinese property buyers and investors have eclipsed those from Singapore as the world's foremost buyers of prime new-build homes globally. According to the latest Global Development Insight Q3 2013 report from Knight Frank, since the global financial crisis took hold five years ago, private investors have looked to bricks and mortar as a means of preserving and growing their wealth. Prime real estate prices in key locations such as Dubai and Hong Kong have reflected this, rising by 63 percent and 81 percent respectively since early 2009. During Q3 2013, Chinese investors were the most influential buyer nationality in the world's prime new-build sector, with a preference for buying properties in Hong Kong, New York and London. Investors from Singapore and Russia came in second and third place respectively. The report noted that Singaporeans prefer to buy new-build property ...

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

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