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27% of private property transactions in Singapore sourced to Malaysians
Uzbekistan News.Net
Saturday 6th March, 2010 (Property Investment News)
Of private property transactions in Singapore last year, one quarter were by Malaysians making them the top source of foreign investment for overseas property investment in the island republic.
Malaysia’s share of 27% of total transactions compares with 20% for Indonesia the second largest investor. However, with Chinese and Indian transactions on the rise by 20%, Malaysia’s total stake is far lower than it was 10 years ago.
In all, 16% of homes valued over S$1.5million were sold to foreign investors making it the most popular segment of purchase.
The Interlace, Cyan and Carribean at Keppel Bay are the three top properties invested in by overseas property investment buyers with a staggering 12-25% of the transactions made by non-Singaporeans.
Real estate services group DTZ believe that Singapore’s growing importance as an Asian hub is likely to draw in more investors from overseas, increasing price appreciation in the higher end segment, but did note that price rises could be capped by government intervention.
A spokesman for DTZ said: “Runaway increase in prices like in 2007 is however not likely as concerns like weak consumer demand in both the US and Europe, along with credit tightening in China and possible government intervention to cool the market remain.”  Email this story to a friend
Comments on this story
kawahchan
03-06-10, 11:51 AM |
Malaysia investing heavily in Singapore
(R) 2012 DAN QUAYLE Presidential / ECONOMICS; 2013 US Federal Reserve Chairman JAMES BAKER: That’s quite good action and grant to Singapore from Malaysia; YOU Singapore and Malaysia have NOT see the BEST yet, the 2013 US President DAN QUAYLE’s White House and 2013 US Federal Reserve Chairman JAMES BAKER will promote a brand “NEW” 1-oz. pure US yellow Gold Dinar to grant to all eligible American taxpayers (each American taxpayer) will receive 1 or 2 US Gold Dinar (that’s depend on US Congress & Senate to decide 1 or 2 US Gold Dinar giveaway); our 1-oz. pure US yellow Gold Dinar “ONLY” will be allowed to exchange for US Dollar currency trading inside the domestic States or overseas foreign securities firms and banks at the daily Gold market-price. This 1-oz. pure US yellow Gold Dinar promotion by the 2013 US President DAN QUAYLE administration will open a new door to Malaysia, and other Muslim population states as well; good for 2013 US Stimulus economics and US Dollar stability and the OPEC’s oil price.
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Tiger
03-06-10, 11:26 PM |
Is the guy above me seriously saying Dan Quayle will be president??
Read your history son.
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