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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.