Foreigners are buying about 60 percent of the luxury apartments with a price tag of more than 5 million Singapore dollars (4.1 million U.S. dollars) in the first half of the year, local daily Straits Times reported on Monday.
Foreigners, including permanent residents, bought 162 non- landed units worth above 5 million Singapore dollars in the six months, building on a trend of increasing foreign buyer interest since the heady days of 2007, it said.
Cushman and Wakefield had the findings based on analysis of caveats lodged with the Urban Redevelopment Authority, including both primary and secondary sales.
In comparison, Foreign buyers accounted for 46 percent and 24 percent of the market in 2010 and 2005, respectively. Full story...
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Foreigners, including permanent residents, bought 162 non- landed units worth above 5 million Singapore dollars in the six months, building on a trend of increasing foreign buyer interest since the heady days of 2007, it said.
Cushman and Wakefield had the findings based on analysis of caveats lodged with the Urban Redevelopment Authority, including both primary and secondary sales.
In comparison, Foreign buyers accounted for 46 percent and 24 percent of the market in 2010 and 2005, respectively. Full story...
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