Chinese buyers hit Singapore in record numbers

[Watchman]

Chinese buyers hit Singapore in record numbers
December 1st, 2010 | Author: Editorial

Chinese buyers in the Singapore property market have grown significantly in number from last year, according to property agency DTZ.
In the third quarter of this year, mainland Chinese buyers represented a record-breaking 20% of non-Singaporean buyers in the market.
This puts them on par with the Indonesians as the second largest group of non-Singaporean buyers after the Malaysians, who topped with 21%.
The Malaysians and British are consistently the leading landed purchasers amongst non-Singaporeans says DTZ, while Indian buyers have also expanded their presence from 14% in 2009 to 17%.

Malaysians: 21%

British: 21%

Mainland Chinese: 20%

Indonesians: 20%

Indians: 17%

Going by the above figures, Singaporean buyers make up less than 1%?

.

Simon Tang

China Correspondent

 

[tonychat]

Wonderful!!! Increase the Land valuation to $5 million for a unit for the next generation to buy and feel proud of it. HAHAHHAH!!!

 

[wahlaneh]

wahlaneh...
PRC Chinese nationals wana own Singapore lah!
i believe they can buy the whole of Singapore island plus all the surrounding islands.

 

[ahpong]

Chinese buyers hit Singapore in record numbers
December 1st, 2010 | Author: Editorial

Chinese buyers in the Singapore property market have grown significantly in number from last year, according to property agency DTZ.
In the third quarter of this year, mainland Chinese buyers represented a record-breaking 20% of non-Singaporean buyers in the market.
This puts them on par with the Indonesians as the second largest group of non-Singaporean buyers after the Malaysians, who topped with 21%.
The Malaysians and British are consistently the leading landed purchasers amongst non-Singaporeans says DTZ, while Indian buyers have also expanded their presence from 14% in 2009 to 17%.

Malaysians: 21%

British: 21%

Mainland Chinese: 20%

Indonesians: 20%

Indians: 17%

Going by the above figures, Singaporean buyers make up less than 1%?

.

Simon Tang

China Correspondent

No lah, the percentage refers to the percentage of foreign purchasers, which makes up of about 25%, the other 75% are Singaporeans.

 

[po2wq]

property prices going 2 shoot thru ze roof! ...

all sg peasants bcum millionaires! ...

 

[pallkia]

wahlaneh...
PRC Chinese nationals wana own Singapore lah!
i believe they can buy the whole of Singapore island plus all the surrounding islands.

It is a good idea after all we are all Chinese as people living in the North with distinct 4 seasons are more sophisticated!

 

[wahlaneh]

It is a good idea after all we are all Chinese as people living in the North with distinct 4 seasons are more sophisticated!

wahlaneh...
we are NOT all chinese lah.
dun forget abt our malay, indian, eurasian neighbours leh.

 

[Coolsaint77]

Singaporeans sell their properties, take their millions and go live like king in JB!

Leave Singapore to Chinese, Indians, etc... the property values will automatically drop... then you go back and buy the properties again