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NEWS UPDATES Asean Affairs        25  May 2011

Foreign buyers buy Singapore homes

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Foreign home buyers Bought 16 percent of all Singapore private homes sold in the first quarter - the highest quarterly percentage since data became available in 1995.

Experts say the high foreign proportion in the market is because such buyers have been less affected by the rounds of cooling measures which have muted local interest. The overseas impact has been telling, according to the DTZ Research report that contains the new buying figures.

Its analysis of caveats lodged for both new and secondary sales found that foreigners bought 1,028 units in the three months to March 31. That 16 percent share of the market tops the previous record of 15 percent - or 784 units - in the fourth quarter of 2007.

Foreigners were also active in the last quarter of last year when they bought 1,092 units, accounting for 13 per cent of the market.

Demand from permanent residents (PRs) remained stable at 17 percent in both quarters. DTZ said Chinese buyers - including permanent residents - also set a record, accounting for 24 per- cent of purchases made by non-Singaporeans in the quarter. They have overtaken Malaysians for the first time.


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ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

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