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

[zzm9980]

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]

Hmmm, interesting

[Mi Amigo]

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.