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ECONOMY | Staff Reporter, Singapore
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Chart of the Day: Buyers from Mainland China bought most homes amongst foreign buyers in Q3

They bought 324 units or 25% of all sales in the quarter.

This chart from Edmund Tie & Company (ET&Co) shows Mainland Chinese buyers only purchased 324 units, or 25% of all sales in Q3.

However, the number of units and proportion amongst foreign buyers dropped.

Malaysian and Indian buyers were also more restrained, dropping 19% and 8% QoQ to 255 units and 105 units, respectively.

On the other hand, the number of Indonesian home purchases rose 14.8% to 93 units in Q3.

Indonesians, unlike the other three nationalities, purchased residential properties of higher quantum.

Only 46% of Indonesian purchases in Q3 were $1.5m and below, compared with 65% Mainland Chinese buyers who purchased their homes at $1.5m dollars and below. 

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