Malaysians top foreign home buyers in Singapore

Singapore - Malaysians overtook Indonesians as the top foreign buyers of private homes in Singapore in the second quarter, a property consultancy said Thursday.

According to DTZ, Malaysians accounted for 19 per cent of the overall purchases by foreigners, who bought a total of 913 private homes, up 3 per cent from the previous quarter.

Indonesia followed with a 17-per-cent share. Chinese and Indian citizens each accounted for 11 per cent of the foreign buyers while purchases from UK nationals accounted for 9 per cent.

The Indonesians were found to favour the prime districts, DTZ senior director Chua Chor Hoon said.

An area offering sea views, easy access to the airport and city turned out to be popular with all the five major nationalities. (dpa)

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