Chart of the Day: Local buyers account for 78% of home deals in 2019

About 78% of transactions were those with known resident status.

This chart by Edmund Tie shows that the majority of property buyers in 2019 were locals, with around 78% of total private home transactions were those with known resident status.

Meanwhile, the proportion of foreigner buyers saw a slight uptick in the last two quarters of 2019 at 7% per quarter.

Mainland Chinese buyers were said to contribute the highest proportion amongst foreigners, making up with 27.1% of transactions in 2019.

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