23 Jan '13, 2am

Percentage of foreign buyers has dropped significantly - Page 3

The last round ABSD had this effect on foreigner: "foreigners who were not Singapore PRs accounted for just 6.2 per cent of the 23,312 caveats lodged for private homes excluding executive condos in the first nine months (2012) - down from their 17.5 per cent share in full-year 2011." So why are we still talking about foreigners flocking into Singapore? There was perhaps a little increase of the percentage in 4Q2012, but with the new ABSD, the percentage of foreign buyers is going to stay low for a considerable amount of time... And all the talks about how good our Singapore is, how Indians and PRCs like Singapore, all these are already well known fact for many years, it is not very relevant to keep repeating that, perhaps just to give mental support to each other? One needs to look at the percentage stated above.

Full article: http://forums.condosingapore.com/showthread.php?p=360754#...

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