Hefty new stamp duty and a slowing economy at home are deterring Chinese nationals from buying property here, according to new sales figures.
Once the biggest group of foreign buyers, the Chinese fell to second in the first six months of the year, purchasing 259 homes behind the 372 bought by Indonesians, according to caveats lodged with the Urban Redevelopment Authority.
Chinese buyers bought 799 homes in the first six months of last year, while Indonesians bought 614 units. Full story
