KUALA LUMPUR, Feb 22 — Over one quarter of private property sold to foreigners in Singapore last year were to Malaysians. This makes Malaysia the top source of foreign investors for private property in the island republic, overtaking Indonesia which held the top spot between 2004 and 2007.According to a report by real estate services group DTZ in Singapore, Malaysia’s share of 27 per cent of total transactions compares with about 20 per cent for Indonesia. However, it is down sharply from about 40 per cent from 2000 to 20002 as the number of transactions from China and India have increased rapidly.
India and China collectively made up about 5 per cent of total private transactions in Singapore ten years ago but now make up over 20 per cent. Full Story
