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.