My Paper had reported today that political and economic uncertainty at home are likely behind the increase in the number of Malaysians and mainland Chinese who bought property in Singapore in the second quarter.
Malaysian snapped up 248 private units, 53% more than in the first three months of the year, while 234 homes were purchased by buyers from
Buyers from
DTZ's report also showed that
Singaporeans had accounted for about 77% of private home purchases in the
second quarter, unchanged from the same quarter in 2013, before tougher
mortgage curbs were implemented. There were 3,867 units sold in the second
quarter, compared with 2,141 in the first. Of these, 2,855 were bought by
Singaporeans, compared with 1,564 in the previous three months.
What the wife and I find rather
amusing after reading the report is that while Singaporeans are still crossing the causeway in droves to buy private homes in Iskandar and such, our (smarter) Malaysian counterparts are all moving in the opposite
direction...
No Comment to " The Malaysians and mainland Chinese buyers are back with a vengeance! "