More Chinese buyers in Singapore property market

Property Report

Chinese buyers in the Singapore property market have grown significantly in number from last year, according to property consultant DTZ.

In Q3/2010, mainland Chinese buyers recorded their highest ever share of 20 per cent among 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 per cent.

Indonesians, who form a dominant group in the overall residential purchases among non-Singaporeans, are distinctly absent among the top nationalities involved in landed transactions.

The Malaysians and British are consistently the leading landed purchasers amongst non-Singaporeans, while Indian buyers have also expanded their presence from 14 per cent in 2009 to 17 per cent.

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