{"id":8718,"date":"2016-03-21T17:27:46","date_gmt":"2016-03-21T10:27:46","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singaporean-homes-still-a-hit-among-chinese-buyers\/"},"modified":"2016-03-21T17:29:24","modified_gmt":"2016-03-21T10:29:24","slug":"singaporean-homes-still-a-hit-among-chinese-buyers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singaporean-homes-still-a-hit-among-chinese-buyers\/","title":{"rendered":"Singaporean homes still a hit among Chinese buyers"},"content":{"rendered":"


\nThings might have slowed down a bit, but overall it\u2019s better than 2008
\nMainland Chinese and Malaysian buyers formed 54 percent of foreign home purchases in 2015
\nDespite facing weaker currencies and slowing economies, mainland Chinese and Malaysians remain the top foreign buyers of Singapore property, revealed DTZ.
\nTogether, they bought 1,952 private homes in 2015, or 54 percent of total foreign purchases.
\nSpecifically, sales to Chinese nationals fell slightly by 3.8 percent to 998 units, while Malaysian home purchases remained largely unchanged at 954 units.
\n\u201cThe devaluation of the Chinese yuan in August 2015 meant that mainland Chinese nationals found their purchasing power clipped, as their national currency weakened against the Singapore dollar,\u201d said DTZ.
\nMore: How the yuan\u2019s devaluation affect Thai real estate
\nStill, both groups of foreign buyers posted healthy purchases last year compared to 2008, during the Global Financial Crisis, when mainland Chinese only purchased 362 private homes, while Malaysians bought 626 units.
\n\u201cSingapore\u2019s political stability, transparent real estate policies and strict rule of law positions the city-state ahead of many other countries as a place where investors enjoy a high level of certainty on returns. Many mainland Chinese also bought homes for their children studying in Singapore,\u201d added DTZ.
\nMeanwhile, the number of Indonesian home purchases fell by 33.6 percent to 279 units, lower than the 618 homes bought in 2008.
\nThis story was originally published in PropertyGuru.com.sg on 20 March 2016.
\n
\nSource : property-report.com
\nRead more…Singaporean homes still a hit among Chinese buyers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Things might have slowed down a bit, but overall it\u2019s better than 2008 Mainland Chinese...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-8718","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-2gC","jetpack-related-posts":[{"id":116906,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-acquisitions-by-foreigners-drop-26-1-in-q1-2020\/","url_meta":{"origin":8718,"position":0},"title":"Private home acquisitions by foreigners drop 26.1% in Q1 2020","date":"June 5, 2020","format":false,"excerpt":"\r In terms of absolute transaction volume, buyers of all residential status have declined, but the biggest drop came from foreign home buyers (non-PRs) which fell by 26.1% to 215 units in Q1 2020. 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