Indonesian’s are buying the most expensive homes in Singapore, according to local data.
The Indonesian glut is part of a wave of foreign housing purchases. Non-Singaporeans snapped up about 9,300 private homes last year in Singapore, making it a record one-third of total sales, as factors such as low interest rates and robust economic fundamentals ignited the property market.
It also showed that Chinese buyers were behind 28 percent of all foreign purchases, with Malaysians next at 20 percent, Indonesians at 18 percent, and Indians at 12 percent. Full story
