26 May '14, 8am

proximity and exchange rate played their parts too

proximity and exchange rate played their parts too

An artist's impression of The Meridin @ Medini. Condos in this popular area cost about RM200,000 (S$78,000) to RM300,000. -- PHOTO: MAH SING GROUP THE hottest overseas real estate market for Singapore investors during last year's splurge on foreign property was Malaysia , going by central bank estimates. The country accounted for slightly more than half of real estate investments abroad last year, followed by Britain and Australia . These three countries made up the lion's share of purchases. The Monetary Authority of Singapore (MAS) estimates released yesterday were based on purchases made through local real estate agencies last year, and included Singaporeans, permanent residents and foreigners. No absolute figures were available. On Tuesday, the MAS said Singapore investors poured $2 billion into foreign properties last year - a 43 per cent jump on 2012. The latest MAS ...

Full article: http://www.stproperty.sg/articles-property/overseas-prope...

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The information contained in this document is the proprietary and exclusive property of StreeSine Singapore Pte. Ltd. (""S...