Permanent residents (PRs) and other foreigners are buying up fewer private residential properties in Singapore as a result of the government’s stringent cooling measures.
Based on DTZ’s caveats analysis, the number of private homes purchased by PRs and foreigners dropped for a second consecutive quarter in Q2 2013, while those bought by Singaporeans rose 14.4 percent quarter-on-quarter.
But the number of private homes bought by PRs in the primary market, or directly from developers, climbed 4.2 percent quarter-on-quarter to 525 units during the same period. Full story
