People's Daily Online, 25 May 2011Foreign buyers snapped up 16 percent of all private homes sold in Singapore in the first quarter, the highest quarterly percentage since data became available in 1995, local daily Straits Times reported.
Experts attributed the high foreign proportion in the market to the fact such buyers were less affected by the rounds of cooling measures.
Foreigners bought 1,028 units in the first three months of the year, real estate consultancy DTZ Research said in a report. The proportion of 16 percent being foreign buyers also hit a new record, and the previous record was 15 percent in the fourth quarter of 2007. Full story
Related:
Chinese top foreign buyers of Singapore homes: report - MSN Philippines News
Chinese top foreign buyers of Singapore homes - The Economic Times
Foriegners Buying in Sinagapore - Live Trading News
Chinese pip Malaysians in Singapore property buying - The Malaysian Insider
