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Malaysians pip Chinese in S'pore property scene

The Business Times
Malaysians pip Chinese in S'pore property scene - Malaysia - Singapore - URA

SINGAPORE - Malaysians have emerged as the biggest foreign buyers of Singapore residential property, outpacing those from China.

According to data from the Urban Redevelopment Authority (URA) and CBRE Research, Malaysian buyers comprised 27.6 per cent of all foreigner purchases during the first half of 2012, compared to China's 20.3 per cent. This is a sharp contrast to the second half of 2011, when China occupied top spot with 29.6 per cent, and Malaysia had 18.7 per cent.

Said R'ST Research director Ong Kah Seng: "The resilience of Malaysian buyers is due to Singapore's proximity.


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