Tuesday, October 23, 2012

Malaysians knock off the Chinese as top foreign property buyers in Singapore

Who's next on the list?

According to Knight Frank, foreigners (including PR and NPR) accounted for 23 per cent of property transactions volume in 3Q 2012, a slight increase compared to 2Q 2012 (21.5 per cent) but still far below 2011 trends (32 per cent).

Foreign buyer interest remained subdued following the ABSD measure from 8 December 2011 and the cautious market sentiment amid uncertain macroeconomic conditions.

Malaysians Remain Top Foreign Buyers: Malaysians accounted for 25.9 per cent of property transactions by PR and NPR in 3Q 2012, lower than 27.4 per cent in 2Q 2012.

Chinese buyers took the second spot at 21.7 percent, followed by Indonesian buyers at 17.2 per cent.

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
Email: marshe_inc@yahoo.com.sg
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)

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