Residential

Indian citizens more likely to purchase resale private homes than mainland Chinese, Indonesians and Malaysians

DTZ’s analysis showed that 82% of the total of private homes that Indian citizens (PRs as well as non-PR foreigners) purchased in Q3 2011 were from the resale market, twice of what the other three major nationalities (mainland Chinese, Malaysians and Indonesians) who buy private homes in Singapore bought. The other three are more likely to purchase directly from developers, suggesting that they might be investors and specu-vestors, and hence have no need for immediate occupation, unlike Indian buyers. In Q3, 51% of what mainland Chinese bought was from developers, with the remaining from secondary market deals. Similarly, 48% and 49% of the private homes purchases by Malaysians and Indonesians were directly bought from developers.

DTZ : Foreign buyers loses interest in subsales

Less foreigners (particularly non-PR foreigners) are buying private homes in the ...