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Singapore: Are foreigners responsible for rising property prices today?

Posted on 31 October 2011

Amid soaring property prices, making private homes increasingly less affordable, fingers are pointing at foreigners for causing the Singaporean dream home to be out of reach. Some have written to the press, asking for government intervention to restrict foreign buying.
But a recent data report put the purchasing breakdown for private homes at roughly 20 per cent for foreigners, 12 percent permanent residents and the rest, mainly HDB upgraders………………………………………..Full Article: Source


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