Singapore: additional buyer’s stamp duty and a slowing Chinese economy sees drop in Chinese nationals buying homes in the city state.
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Fewer Chinese nationals buying homes in Singapore
By Paul Lim
Source – AsiaOne, published August 6, 2012
The number of Chinese nationals buying homes in Singapore has fallen.
The Straits Times reported Monday that hefty new stamp duty and a slowing Chinese economy are deterring them from buying property here.
Caveats lodged with the Urban Redevelopment Authority said the Chinese fell to second place behind the Indonesians, buying 259 homes in the first six months compared to 372 homes bought by the latter. Read the rest of this entry »