PropertyGuru, 28 Mar 2012Chinese buyers have lost out to Malaysians, who reclaimed top spot among foreigners buying Singapore properties despite the tough cooling measures introduced in December last year.
A report by DTZ Research revealed that the Chinese, including permanent residents (PRs), purchased 292 homes in Q1, down 54 percent from the 640 homes acquired in Q4 2011 – the lowest number in over two years.
On the other hand, Malaysians had a high of 362 transactions, marking a 28 percent share among foreign buyers due to the larger number of Malaysian PRs in the country. Full story
