Foreign Buyers Pull Back From Singapore Property Market: ChartBy
Singapore government’s stringent stamp duties have had the intended effect of damping speculative foreign demand. The proportion of buyers from abroad fell last year to a four-year low -- and has stayed at that level in 2017. In the first half, Malaysian buyers accounted for 21 percent of foreign purchases, down from 26 percent in 2013, data from Cushman & Wakefield show. The Indonesian proportion slid to 6 percent from 17 percent, while the Chinese share, the biggest of any group, has been at 29 percent or 30 percent since 2013, according to the data.