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Singapore's Housing Tax Hits Home - wsj on cooling measures

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zzm9980
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Singapore's Housing Tax Hits Home - wsj on cooling measures

Postby zzm9980 » Thu, 31 Jan 2013 8:44 am

Singapore's Housing Tax Hits Home

http://online.wsj.com/article_email/SB1 ... DAyWj.html

The article is American-centric, pointing out how American property investors have a huge advantage now with essentially 15% discounts on property, but does have a lot of interesting stats I haven't seen elsewhere.

In particular, the buying of private homes by Chinese plunged 42% in 2012 from 2011, according to data from global property adviser Knight Frank. Chinese buyers slipped to the No. 2 spot last year, representing 22% of foreigners buying homes in Singapore, while Malaysians reclaimed the top spot with 26%. Indonesians were the third-largest group at about 19% of foreign buyers.

American buyers are a much smaller group, comparatively, buying only 169 homes in 2012 to make up 2.4% of all foreign purchases. Some U.S. buyers see opportunities in Singapore.


So cooling measures (even before jump to 15%) is slowing down PRC Chinese. And Americans only bought 169 homes - good stat to have when xenophobic locals bitch about the free trade agreement :)

Adhewar
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Postby Adhewar » Tue, 05 Feb 2013 12:18 pm

Hmmm, interesting :)

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Mi Amigo
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Postby Mi Amigo » Tue, 05 Feb 2013 12:46 pm

Adhewar, you've got enough posts to allow you to PM now; can you please stop filling up the forum with inane nonsense? Thank you.
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