Friday, May 27, 2011

Chinese top foreign buyers of Singapore homes: report

Chinese nationals were the top foreign buyers of private property in Singapore in the March quarter, report said Wednesday, the first time they have topped the list.

Buyers from China accounted for a record 24 percent of private home purchases by non-Singaporeans in the three months to March 31, property research firm DTZ said in a report."It is the first quarter that they are the top foreign purchasers of residential properties in Singapore," the report stated.

If they also turn their radar to Malaysia, then they might sweep away the bubble threat, in fact may cause another round of price hike to Malaysia property, especially those high end unit...

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