Singapore’s private home purchases by foreigners rose 20 percent in 2011 even as demand from Singapore citizens and residents fell, DTZ Holdings Plc.
Foreigners bought a record 5,246 housing units last year, surpassing the earlier record of 4,982 units in 2007, the property brokerage said in a report. The number of private homes purchased by Singaporeans and permanent residents in 2011 fell by 24 percent and 16 percent respectively, the report showed. Full story
