Singapore - 80pct of luxury apartment buyers are non-Singaporeans:

Foreigners are buying about 60 percent of the luxury apartments with a price tag of more than 5 million Singapore dollars (4.1 million U.S. dollars) in the first half of the year, local daily Straits Times reported on Monday. Foreigners, including permanent residents, bought 162 non- landed units worth above 5 million Singapore dollars in the six months, building on a trend of increasing foreign buyer interest since the heady days of 2007, it said. Singaporeans accounted for just 20 percent of the purchases of more than 5 million Singapore dollars in the six months ended June 30.

Full article: http://singaporenewsalternative.blogspot.com/2011/09/sing...

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